In this chapter, we consider how the banking industry may develop in the coming years. Two important factors which might affect price and non-price competition, bank strategies and market structure, are the deregulation of the domestic financial system and the adoption of the EC Banking Directives. The liberalisation of international capital flows may also have an effect on the banking structure.
KeywordsInterest Rate Monetary Policy Banking Industry Commercial Bank Banking Sector
Unable to display preview. Download preview PDF.
- Arsalides, P., ‘Exchange Control Regulations in Cyprus’, Central Bank of Cyprus, June 1991.Google Scholar
- Bryan, L. and P. Allen, ‘The Changing World of Banking: Geographic Strategies for the 1990s’, McKinsey Quarterly, 1988, pp. 52–71.Google Scholar
- Corstjens, M., C. Matutes and D. Neven, ‘Brand Proliferation and Entry Deterrence’, INSEAD, mimeo, 1988.Google Scholar
- Neven, D., ‘Structural Adjustment in European Retail Banking’, in J. Dermine (ed.), European Banking in the 1990s, Oxford: Blackwell, 1993.Google Scholar
- OECD, Rentabilite des Banques, Paris: OECD, 1987.Google Scholar
- Phylaktis, K., ‘Foreign Exchange Controls: Theory and Evidence’, in R. Aliber (ed.), Handbook in International Financial Management, Illinois: Dow Jones-Irwin, 1989.Google Scholar
- Price Waterhouse, The Cost of Non-Europe in Financial Services. In Research of the Cost of Non-Europe, vol. 9, Brussels: Commission of the European Communities, 1988.Google Scholar
- Schmalensee, R., ‘Entry Deterrence in the Ready to Eat Breakfast Cereals Industry’, Bell Journal of Economics, 89, 1978, pp. 1228–38.Google Scholar
- Steinherr, A. and P. Gilibert, The Impact of Freeing Trade in Financial Services and Capital Movements on the European Banking Industry, European Investment Bank, 1988.Google Scholar