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This article empirically analyzes the phenomenon of financial integration, focusing primarily on assessing the impacts of the current financial crisis. We start our analysis with an overview of… Continue Reading
Since the introduction of the single currency in 1999, major progress has been made towards achieving an integrated European capital and financial market. Available evidence suggests, nevertheless,… Continue Reading
The framework for the monetary and banking statistics of the European System of Central Banks during the preparations for the EMU and during the initial years of EMU’s existence focused on delivering… Continue Reading
This paper tests for the existence of market power in banking, using data on demand deposit rates of households and corresponding market rates in five euro area countries. An implicit measure for… Continue Reading