Universal vs. Specialized Banks

A Steinherr

Working Papers from American Institute for Contemporary German Studies-

Abstract: EMU is expected to foster the emergence of a European capital market and this is arguably one of the most significant gains of monetary union. On the European continent at least, capital markets are still underdeveloped and financial markets are, therefore, bank-dominated. The rise of a large and more efficient capital market changes the competitive position of banks by accelerating disintermediation.

Keywords: EUROPE; MONETARY UNION; BANKS (search for similar items in EconPapers)
JEL-codes: F33 G21 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:amiger:20

Access Statistics for this paper

More papers in Working Papers from American Institute for Contemporary German Studies- U.S.A.; Johns Hopkins University, American Institute for Contemporary German Studies. 1400 16th Street, N.W. Suite 420 Washington, D.C. 20036-2217.
Bibliographic data for series maintained by Thomas Krichel ().