Competition and Profitability in European Financial Services: Strategic, Systemic and Policy Issues

ISBN-13: 9780415384940 / Angielski / Twarda / 2006 / 304 str.

Morten Balling; Frank Lierman; Andy Mullineux

Opis

Financial services firms play a key role in the European economy. The efficiency and profitability of these firms and the competition among them have an impact on allocation of savings, financing of investment, economic growth, the stability of the financial system and the transmission of monetary policy. This collection of research contributions includes evaluations of trends in the European financial service industry and examinations of the driving forces of efficiency, competition and profitability of financial firms and institutions in Europe. The papers have been written by leading academics and researchers in the field, who specialize in strategic, systematic and policy issues related to the European financial services industry. This edited collection will be will be essential reading for students and academics but will also be of interest to financial practitioners and government officials interested in acquiring a deeper understanding of this complex issue.

Spis treści

List of Figures  List of Tables  List of Contributors  Acknowledgements  List of Abbreviations  Introduction  1. Strategic and Organizational Challenges in European Banking  2. Regulatory Capital Requirements and Financial Stability 3. Markets and Institutions: Managing the Evolving Financial Risk  4. Macroeconomic Consequences of Financial Market Regulation  5. The Changing Pattern of Payments in the United States  6. The East-West Efficiency Gap in European Banking  7. Foreign Acquisitions and Industry Wealth Effects of Privatisation: Evidence from the Polish Banking Industry  8. Electronic Payments and ATMs: Changing Technology and Cost Efficiency in Banking  9. Pricing Strategies in European Banking: Specialization, Technology and Intertemporal Smoothing  10. Bank Efficiency and Mis-specified Input Prices  11. Competition in a Highly Concentrated Banking Sector – Theoretical Empirical and Practical Considerations for the Netherlands  12. Strategic Management in Banking: In Medio Virtus  13. Do European Primarily Internet Banks Show Scale and Experience Efficiencies?  14. Bank Risks and the Business Cycle  15. House Prices and Consumer Lending  16. Capital Markets and Financial Integration in Europe Subject index  Author Index