Competition issues in European banking

被引:28
作者
Casu, Barbara [1 ]
Girardone, Claudia [2 ]
机构
[1] City Univ London, Cass Business Sch, London, England
[2] Univ Essex, Essex Business Sch, Colchester, Essex, England
关键词
Competitive strategy; Banking; Regulation; Financial markets; Europe;
D O I
10.1108/13581980910952568
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Purpose - The purpose of this paper is to assess the outcome of European Union (EU) deregulation and competition policies on the competitive conditions of the main EU banking markets. Design/methodology/approach - After a review of deregulation and competitition policies in the EU banking industry, the degree of competition in the largest five EU banking markets using is tessted both structural (concentration ratios and Herfindahl-Hirshman indices) and non-structural (H-statistics and Lerner index) approaches. Findings - Results indicate that EU banking markets are becoming progressively more concentrated and that there is no evidence of an increase in competitive pressure. Country differences are also apparent thereby indicating that despite the sustained regulatory interventions, significant barriers to the integration of EU retail banking markets remain. In line with recent literature, the analysis also seems to provide further evidence that concentration is not necessarily a good proxy for competition. Originality/value - Increased market concentration and its effects on competition are of relevance in a period of renewed EU regulatory efforts to remove the remaining barriers to the integration of financial markets. The evaluation of competitive conditions and market power in EU banking are therefore of interest to policy-makers and regulators.
引用
收藏
页码:119 / +
页数:16
相关论文
共 35 条
[1]   The effects of regulatory reform on competition in the banking industry [J].
Angelini, P ;
Cetorelli, N .
JOURNAL OF MONEY CREDIT AND BANKING, 2003, 35 (05) :663-684
[2]  
[Anonymous], 2005, 1574 SEC EUR COMM
[3]  
Baele L., 2004, 14 ECB
[5]  
Baumol WJ, 1982, CONTESTABLE MARKETS, V15, P774
[6]   OLIGOPOLISTIC INTERDEPENDENCE AND THE STRUCTURE OF PRODUCTION IN BANKING - AN EMPIRICAL-EVALUATION [J].
BERG, SA ;
KIM, M .
JOURNAL OF MONEY CREDIT AND BANKING, 1994, 26 (02) :309-322
[7]  
Berger A.N., 2001, EUROPEAN FINANCIAL M, V7, P117, DOI DOI 10.1111/1468-036X.00147
[9]   To what extent will the banking industry be globalized? A study of bank nationality and reach in 20 European nations [J].
Berger, AN ;
Dai, QL ;
Ongena, S ;
Smith, DC .
JOURNAL OF BANKING & FINANCE, 2003, 27 (03) :383-415
[10]   Competition, concentration and their relationship: An empirical analysis of the banking industry [J].
Bikker, JA ;
Haaf, K .
JOURNAL OF BANKING & FINANCE, 2002, 26 (11) :2191-2214