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The changing landscape of financial markets in Europe, the United States and Japan

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  • Michiel Bijlsma
  • Gijsbert T. J. Zwart

Abstract

We compare the structure of the financial sectors of the EU27, Japan and the United States, looking at a set of 23 indicators.We find a large variation within the European Union in the structure of the financial sector. Using principal components analysis, we identify robust groups of EU countries. One group consists of the eastern European members that entered the EU more recently.These have substantially smaller financial sectors than the...

Suggested Citation

  • Michiel Bijlsma & Gijsbert T. J. Zwart, 2013. "The changing landscape of financial markets in Europe, the United States and Japan," Bruegel Working Papers 774, Bruegel.
    • Handle: RePEc:bre:wpaper:774
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    JEL classification:

    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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