Open Economies Review

, Volume 5, Issue 3, pp 289–301 | Cite as

Financial integration and innovation in Europe

  • Ernst Baltensperger
  • Andrea Behrends
A Review Essay
  • 82 Downloads

Abstract

The creation of an internal market for financial services by the European Union, along with technological changes in communications and data management, will have a strong impact on banking and financial markets in Europe. This paper presents a selective review of discussions concerning the resulting processes of adjustment and their outcomes. Topics covered include effects on cost efficiency, competition production and trade patterns, and the dynamics of financial regulation in the open, integrated economy.

Keywords

European financial integration financial innovation financial regulation competition and trade in financial markets 

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Copyright information

© Kluwer Academic Publishers 1994

Authors and Affiliations

  • Ernst Baltensperger
    • 1
  • Andrea Behrends
    • 1
  1. 1.University of BernBernSwitzerland

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