Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
963550 | Journal of International Financial Markets, Institutions and Money | 2009 | 16 Pages |
Abstract
Our paper aims to check whether financial integration has taken place on the EU banking markets, by investigating the convergence in banking efficiency for European countries between 1994 and 2005. We provide evidence of cross-country differences in cost efficiency and of an improvement in cost efficiency for all EU countries. β and Ï convergence tests for panel data show a process in convergence in cost efficiency between EU countries. Robustness checks with alternative specifications confirm these findings. These results support the view that financial integration has taken place on the EU banking markets in the recent years.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Laurent Weill,