 Financial Exclusion in EuropeSantiago Carbo Valverde, Edward P. M. Gardener and Philip Molyneux () Chapter Chapter 6 in Financial Exclusion, 2005, pp 98-111 from Palgrave Macmillan Abstract: Abstract The European banking and financial services sector has also been subject recently to intense deregulation and globalisation pressures within the process of completing the internal market and the development of European monetary union. Within the EU, financial exclusion has emerged as a major issue. Like UK and US experiences, the apparent dichotomy between the ‘free competition’ model and the ‘public good’ aspects of basic financial services has emerged as a major policy and bank strategic challenge. In all countries experiencing and reacting to financial exclusion, the banks are seen as an indispensable and integral part of the response mechanism. As noted before, one always has to be aware of the institutional context of different countries in explaining financial exclusion, its economic consequences and the appropriate policy responses. Keywords: Credit Union; European Monetary Union; Saving Bank; European Banking; Bank Merger (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-50874-3_6 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan |
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