Bank Portfolios in Euroland

  • Claudia M. Buch
  • Susanne Lapp
Chapter

Abstract

The introduction of a single currency in eleven European economies at the beginning of 1999 is commonly believed to be a milestone in the integration of European financial markets. After the creation of a Single Market for capital and after the abolition of capital controls within Europe during the past two decades, the introduction of the euro is expected to foster and to consolidate changes in the European banking industry. Whether the euro gives momentum to change depends to a large extent upon its impact on bank portfolio choice. To date, however, fairly little evidence about bank portfolio choices in Europe is available.

Keywords

Commercial Bank Optimal Portfolio Excess Return European Central Bank Market Opportunity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Claudia M. Buch
    • 1
  • Susanne Lapp
    • 1
  1. 1.The Kiel Institute of World EconomicsGermany

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