Publication Type

Working Paper

Publication Date

6-2011

Abstract

This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The recent global financial crisis led to a fall in competition in several countries and especially where large credit and housing booms had preceded the crisis...

Keywords

Bank competition, EMU, financial crisis, euro area

Discipline

Banking and Finance Law | Finance

Research Areas

Economic Theory

First Page

1

Last Page

25

Publisher

International Monetary Fund

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://www.imf.org/external/pubs/ft/wp/2011/wp11146.pdf

Comments

Internation Monetary Fund Working Paper No. 11/146, 2011

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