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Europe and the Euro$
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Alberto Alesina and Francesco Giavazzi

Print publication date: 2010

Print ISBN-13: 9780226012834

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226012858.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 03 August 2021

A New Metric for Banking Integration in Europe

A New Metric for Banking Integration in Europe

Chapter:
(p.219) 6 A New Metric for Banking Integration in Europe
Source:
Europe and the Euro
Author(s):

Reint Gropp

Anil K Kashyap

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226012858.003.0007

This chapter is concerned with a new approach for assessing banking integration in Europe. The measurement of integration is of considerable policy relevance. The equal treatment provision is also unusual because it includes no efficiency benchmark. Previous research assessing integration has been of three varieties. One looks at the extent of cross-border direct retail operations of banks. These data are tracked by the Bank for International Settlements (BIS) and suggest that while wholesale or money market flows across borders within the euro area are large, retail flows are generally less than 1 percent of total lending. A second indicator is cross-border bank merger. The absence of such deals, say, in comparison to the number of domestic bank mergers, has also been taken as evidence against retail bank integration. The third method for detecting integration comes from the study of retail interest rates. Finally this chapter estimates a partial adjustment model to assess convergence.

Keywords:   banking, cross-border bank merger, integration, Europe, policy relevance

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