Suchergebnisse

European banking is now changing at an unprecedented rate; competition and efficiency are now dominant banking concerns. This volume sees leading European researchers in the fields of banking and finance assess the key issues shaping the strategic development of banking in the EU. The first nine chapters explore efficiency, competition and various aspects of the strategies of EU banks. Select aspects of the impact of EMU on banking and finance are discussed in the remaining chapters.

This article analyzes productivity growth for European banks over the 1995–2001 period. In contrast to previous literature, the study encompasses the overwhelming majority of current European Union (EU) countries—all excepting Greece and those joining the EU in 2004. In addition, we use resampling methods so as to gain statistical precision, which turns out to be especially important due to the limitations of the database. In a second stage, additional nonparametric methods—in an attempt to be fully consistent—are used to disentangle some reasons as to why productivity differentials might exist. Results show that productivity growth has occurred in most countries, mainly due to improvement in production possibilities. The bootstrap analysis yields further evidence, as for many firms and countries productivity growth, or decline, is not statistically significant. The two-stage analysis provides some additional insights, suggesting that the relevance of environmental variables found in other studies focusing on efficiency could be lessened when focusing on productivity.

"This book provides a detailed analytical assessment of merger and acquisition phenomenon in banking. It advances the prior literature focusing on some specific aspects that have been investigated by only limited previous analysis. It assesses the effect produced by M&A transactions on bank efficiency and shareholder value"--Provided by publisher

This book studies relationship dynamics between National Competent Authorities (NCAs) within two agencies governing the European banking sector: the European Banking Authority and the Single Resolution Board. The analysis centres on NCAs policy preferences and the variety thereof, particularly in the context of banking market fragmentation (Euro area vs. non-Euro area countries/banking union "ins" and "outs"). The focus is not so much on the motivations of these preferences, but on the processes and mechanisms that help reach NCAs consensus on prudential matters. Through an interdisciplinary approach rooted in legal analysis and political economy, the book shows how national actors inform decision-making within European agencies in banking, and whether--and how--the reality of differentiated integration within the internal banking market challenges policy creation.--