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Did financial crisis alter the level of competition in the EMU banks?

Michael Polemis ()

Applied Economics Letters, 2014, vol. 21, issue 15, 1065-1069

Abstract: The goal of this article is to empirically assess the level of competition in the European Monetary Union (EMU) banking sector. The empirical findings provide sufficient evidence in favour of a monopolistic competition regime. The industry structure of the banking sector seems to have been left unaltered after the adoption of the euro currency and the recent financial crisis with the estimated values of the H -statistic range between zero and unity.

Date: 2014
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