Article ID Journal Published Year Pages File Type
7352289 Finance Research Letters 2017 15 Pages PDF
Abstract
This paper analyses the effect that European financial market integration has had on the evolution of the banks' market power disparities. The results show that market power disparity has narrowed among eurozone banks. The reduction is attributable to the convergence in the average levels of market power of the European banking sectors. In contrast, the disparities observed within each country have remained stable. As a result, the measures adopted to advance towards a single banking market should be complemented by measures at the national level designed to intensify competition among the banks within a given country.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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