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The Financial System of the EU 25

Author

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  • Allen, Franklin
  • Laura, Bartiloro
  • Oskar, Kowalewski

Abstract

We present an overview of the financial structure of the enlarged European Union with 25 countries. We start by describing the financial system development in all member states since 1995, and then compare the structure between the old and new countries. Using financial measures we document the prevailing substantial differences in the financial structure between new and old member states after the enlargement in 2004. Finally, we compare the financial structures of an enlarged EU with those of the United States and Japan.

Suggested Citation

  • Allen, Franklin & Laura, Bartiloro & Oskar, Kowalewski, 2005. "The Financial System of the EU 25," MPRA Paper 652, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:652
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    References listed on IDEAS

    as
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    3. Marco Pagano, 2004. "The European Bond Markets under EMU," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 20(4), pages 531-554, Winter.
    4. Rajan, Raghuram & Zingales, Luigi, 2003. "Banks and Markets: the Changing Character of European Finance," CEPR Discussion Papers 3865, C.E.P.R. Discussion Papers.
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    Keywords

    Financial System;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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