| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963446 | Journal of International Financial Markets, Institutions and Money | 2012 | 21 Pages |
Abstract
⺠We investigate the integration process in the European Union retail banking sector during 2003-2011. ⺠We apply the Phillips and Sul (2007a,b) convergence methodology to deposit and lending rates to non-financial corporations. ⺠We find the presence of convergence in the savings and credit markets up to 2007. ⺠The null of convergence is rejected in all deposit and credit markets after the onset of the 2008 financial crisis. ⺠The credit market displays greater heterogeneity than the savings market.
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Economics and Econometrics
Authors
Aarti Rughoo, Nicholas Sarantis,