Integration of Financial Markets in Europe: Implications for the Irish Banking System
Even if the single currency of EMU looks less likely than it did to come on stream before the end of the century, there are still strong forces of integration in the European financial markets. These will colour the environment for the development of the Irish financial system and they call for responses both at the level of individual institutions and at the level of the Irish financial system as a whole. The paper considers the following aspects of integration of financial markets in Europe. (i) The degree to witch evolving plans for the implementation of monetary policy in the EMU are likely to take account of the particular needs of the banking systems in peripheral countries. (ii) The consequence of a relatively high dependence of the Irish (and UK) banking systems on short-term and variable interest rate deposits and loans. (iii) The question of regional variation in access to credit and in interest-rates in large markets.
|Date of creation:||Mar 1994|
|Contact details of provider:|| Postal: Whitaker Square, Sir John Rogerson's Quay, Dublin 2|
Phone: (353-1) 863 2000
Fax: (353-1) 863 2100
Web page: http://www.esri.ie
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Melitz, Jacques, 1993. "Reflections on the Emergence of a Single Market for Bank Reserves in a European Monetary Union," CEPR Discussion Papers 818, C.E.P.R. Discussion Papers.
- Patrick Honohan, 1994. "Interest Rate Policy in Practice: A Review with some Implications for the Irish Banking System in the EMS," Papers WP046, Economic and Social Research Institute (ESRI).
- Faini, R. & Galli, G. & Giannini, C., 1992.
"Finance and Development : the Case of Southern Italy,"
170, Banca Italia - Servizio di Studi.
- Faini, Riccardo & Giannini, Curzio & Ingrosso, Fulvio, 1992. "Finance and Development: The Case of Southern Italy," CEPR Discussion Papers 674, C.E.P.R. Discussion Papers.
- William Poole, 1970.
"Optimal choice of monetary policy instruments in a simple stochastic macro model,"
57, Board of Governors of the Federal Reserve System (U.S.).
- William Poole, 1969. "Optimal choice of monetary policy instruments in a simple stochastic macro model," Special Studies Papers 2, Board of Governors of the Federal Reserve System (U.S.).
- Molyneux, Philip & Thornton, John, 1992. "Determinants of European bank profitability: A note," Journal of Banking & Finance, Elsevier, vol. 16(6), pages 1173-1178, December.
- Osborne, Dale K., 1988. "Competition and geographical integration in commercial bank lending," Journal of Banking & Finance, Elsevier, vol. 12(1), pages 85-103, March.
- Vives, Xavier, 1990. "Banking Competition and European Integration," CEPR Discussion Papers 373, C.E.P.R. Discussion Papers.
- William Poole, 1970. "Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model," The Quarterly Journal of Economics, Oxford University Press, vol. 84(2), pages 197-216.
- Jeroen J. M. Kremers & Timothy D. Lane, 1990. "Economic and Monetary Integration and the Aggregate Demand for Money in the EMS," IMF Staff Papers, Palgrave Macmillan, vol. 37(4), pages 777-805, December.
When requesting a correction, please mention this item's handle: RePEc:esr:wpaper:wp050. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sarah Burns)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.