The Integration of EU Banking Markets

Jordi Gual

No 4212, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: The goal of this Paper is to provide an assessment of the EU policies that pursue the creation of a single banking market. The Paper evaluates the degree of integration of EU banking markets and discusses whether current policies are the most appropriate instruments for market integration. After comparing the key features of EU policy with alternative methods of market opening, the analysis stresses that market opening in regulated markets such as banking faces a difficult trade-off between respect for domestic preferences and the elimination of regulations that protect local competitors and are not justified on efficiency grounds. The Paper also provides an overview of recent research, which has looked at different indicators of market integration in EU banking. Finally, it analyses the impact of integration policies on the conduct, the structure and the performance of the banking industry.

Keywords: Banking; market integration; European union (search for similar items in EconPapers)
JEL-codes: F15 G20 (search for similar items in EconPapers)
Date: 2004-01
New Economics Papers: this item is included in nep-com and nep-mac
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Citations: View citations in EconPapers (12)

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