By Edward P.M. Gardener, Barry Moore, P. Molyneux
The of entirety of the eu unmarried marketplace Programme (SMP) and the release of 'Euroland' are daring statements at the ecu Union and its destiny. inside this financial strategy, the actual value of the banking and fiscal companies sectors is commonly emphasised. This assortment explores the strategic influence of the only marketplace Programme and eu financial Union on ecu banks and banking structures. The individuals learn 11 banking structures: Belgium, Denmark, France, Germany, Greece, eire, Italy, Netherlands, Portugal, Spain and the uk. completely up to date and with a typical thematic evaluate of significant developments in eu banking platforms, this booklet covers key strategic advancements, structural adjustments, functionality traits and techniques.
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Additional resources for Banking in the New Europe: The Impact of the Single European Market Programme and EMU on the European Banking Sector
Professor Pastor's fields of spcciality are banking and regional cconomics. He has received scholarships from inst itutions as diverse as the Conselleria de Educacion de la Generalitat Valenciana, thc Funducion Caja de Madrid and FIES, and has been visit ing roseareher during 1996-97 at Florida State University in the Finance Department. He has jointly publishcd many books and articles in Span ish jcumals, includ ing Invesügaciones Economicas, Revista Espaiiola de Economia Aplicada, as weil as in interna tiona l spcc ialisc d j ourn als (Applied Economics, Applied Financial Economics, Economics Letters, Transportation, Europeon Journal of Operational Research, Regional Studies, amo ng others).
For policymakers there are several other policy tensions. There is a need to provide a framework which both encourages restructuring and effective rivalry whilst avoiding excessive risk-taking as competition intensifies. At the same time it is important that the financial needs of the personal and SME sectors are rnet, and that economic and social distress associated with consolidation takes place at an acceptable pace. Moreover, as in other sectors, although concentration and exploitation of monopoly power at a national level is becoming a less relevant anti-trust issue, in many retail financial market segments it remains an important consideration (Cruickshank, 2000).
Cross-country differences in average prices for the personal sector between France and Germany were quite small for current accounts, credit cards and mortgages, and slightly greater differences existed for consumer loans and savings accounts. However, with the exception of consumer loans and credit cards, somewhat greater differences were noted between average prices in the UK and prices in France and Germany, the two EMU members. For SMEs, current account charges were substantially higher in France than in Germany, but prices of secured loans, unsecured loans and factoring were very similar, and small but significant differences existed for hire purchase and leasing products.
Banking in the New Europe: The Impact of the Single European Market Programme and EMU on the European Banking Sector by Edward P.M. Gardener, Barry Moore, P. Molyneux