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Financial Integration in Europe and Banking Sector Performance

  • Chapter
The Incomplete European Market for Financial Services

Part of the book series: ZEW Economic Studies ((ZEW,volume 19))

Abstract

Legally, virtually all direct barriers to the cross-border activities of banks in Europe have been abolished in the past decades. Hence, Europe might be considered one of the most integrated banking markets world-wide. However, there is ample evidence suggesting that financial market integration de facto is smaller than one might expect in fully integrated financial markets.This study tries to give an answer to three questions:

  1. —

    Has integration promoted cross-border banking?

  2. —

    What are the segmenting barriers to a full integration of financial markets?

  3. —

    What have been the effects on the performance of banks?

Article FootNote

Acknowledgement: The authors would like to thank participants of seminars at the Kiel Institute of World Economics and the ERF in Brussels for most helpful comments on an earlier draft. All remaining errors remain in our own responsibility

Article FootNote

For a review of the literature see Buch(2001).

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Author information

Authors and Affiliations

  1. Kiel Institute of World Economics, Germany

    Claudia M. Buch & Ralph P. Heinrich

Authors
  1. Claudia M. Buch
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  2. Ralph P. Heinrich
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Editor information

Editors and Affiliations

  1. Avenue de l’Yser 8, Brussels, 1040, Belgium

    Paolo Cecchini

  2. ZEW, L7, 1, Mannheim, 68161, Germany

    Friedrich Heinemann

  3. Institut für Europäische Politik, Bundesallee 22, Berlin, 10717, Germany

    Mathias Jopp

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© 2003 Springer-Verlag Berlin Heidelberg

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Buch, C.M., Heinrich, R.P. (2003). Financial Integration in Europe and Banking Sector Performance. In: Cecchini, P., Heinemann, F., Jopp, M. (eds) The Incomplete European Market for Financial Services. ZEW Economic Studies, vol 19. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57364-4_2

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  • DOI: https://doi.org/10.1007/978-3-642-57364-4_2

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-7908-0013-5

  • Online ISBN: 978-3-642-57364-4

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