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Banking, Financial Market Structures and Growth in the EU Single Market

Freddy van den Spiegel
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Freddy van den Spiegel: Fortis Bank

Chapter H in 50 Years of EU Economic Dynamics, 2007, pp 129-135 from Springer

Abstract: Abstract There is a broad belief that integration in the financial sector is lagging behind the integration of other economic sectors within the EU. That situation is seen as detrimental to economic growth. Recent research points to the fact that fully integrated financial markets would lower costs and increase EU GDP by more than one percent, which is significant. Given the ambitious Lisbon agenda, it is clear that action has to be taken to boost financial integration. But the problem was, and remains, how to decide on the political priorities for achieving optimal integration.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-74055-1_9

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DOI: 10.1007/978-3-540-74055-1_9

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