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Competition and the Future of the European Banking and Financial System

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Money, Financial Institutions and Macroeconomics

Part of the book series: Recent Economic Thought Series ((RETH,volume 53))

Abstract

European banking and financial services face the increased competition of the single market, which would be accelerated by monetary union. Competition will force these institutions to re-shape and re-group. We try to assess who might gain and who lose in this re-shaping, in terms of the price and availability of financial services and the effects on national and regional economies, and on firms.

The authors are grateful to Georges Caravelis, Stephen Frowen, Carlos Fuentes, David Laidler, Marcello Messori, Penelope Rowlatt and Stephen Smith for their comments. We are responsible for any errors and inadequacies which remain. This article first appeared, in more extensive form, in C. Thomasberger, ed. Europaeische Geldpolitik zwischen Marktzwaengen und neuen institutionellen Regelungen. We are grateful to the editor and the publisher, Metropolis Verlag, for permission to republish in English.

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Authors
  1. Victoria Chick
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  2. Sheila C. Dow
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Editor information

Editors and Affiliations

  1. York University, Canada

    Avi J. Cohen  & John Smithin  & 

  2. University of Hohenheim, Germany

    Harald Hagemann

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Chick, V., Dow, S.C. (1997). Competition and the Future of the European Banking and Financial System. In: Cohen, A.J., Hagemann, H., Smithin, J. (eds) Money, Financial Institutions and Macroeconomics. Recent Economic Thought Series, vol 53. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-5362-1_17

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  • DOI: https://doi.org/10.1007/978-94-011-5362-1_17

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-6254-1

  • Online ISBN: 978-94-011-5362-1

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