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| Tekijä: | Gual, J. |
| Otsikko: | Deregulation, integration, and market structure in European banking |
| Lehti: | Journal of the Japanese and International Economies
1999 : DEC, VOL. 13:4, p. 372-396 |
| Asiasana: | JAPAN ECONOMIC CONDITIONS BANKING |
| Kieli: | eng |
| Tiivistelmä: | This paper analyzes the impact of deregulation and market integration policies on the structure of European banking markets. It argues that whether European integration will lead to large increases in EU-wide concentration will depend on the extent to which competition in banking is based on endogenous sunk cost or, alternatively, on variable costs and exogenous sunk costs. The paper also highlights the role of own funds as a source of endogenous increasing returns. |
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