- Preface to Paperback Edition
- List of Figures
- List of Tables
- List of Abbreviations
- List of Contributors
- Banking an Overview
- The Roles of Banks in Financial Systems
- The Accelerating Integration of Banks and Markets and its Implications for Regulation
- Risk Management in Banking
- Liquidity Production in Twenty-first-century Banking
- Diversification in Banking
- Universal Banking
- The Corporate Structure of International Financial Conglomerates: Complexity and its Implications for Safety and Soundness
- Central Banking
- The Role of Banks in the Transmission of Monetary Policy
- Lender of Last Resort and Bank Closure Policy
- Regulation and Supervision: An Ethical Perspective
- Deposit Insurance
- Risk-Based Regulatory Capital and Basel II
- Market Discipline in Bank Supervision
- Competition and Antitrust Policy in Banking
- World Trade Organization Commitments vs. Reported Practices on Foreign Bank Entry and Regulation: A Cross-Country Analysis
- Efficiency in Banking: Theory, Practice, and Evidence
- Technological Change, Financial Innovation, and Diffusion in Banking
- Banking Globalization: International Consolidation and Mergers in Banking
- Small Business Lending
- Consumer Lending
- Residential Mortgages
- Securitization: Instruments and Implications
- Systemic Risk in Banking: An Update
- Banking Crises
- The Great Depression and Other ‘Contagious’ Events
- Payments Systems
- Finance and Economic Development: The Role of Government
- Banking and Real Economic Activity
- Banking in the United States
- Banking in the European Union
- Banking in Transition Countries
- Banking in Latin America
- Banking in Japan
- Banking in Developing Nations of Asia: An Overview of Recent Changes in Ownership Structure
Abstract and Keywords
This article surveys the banking industry within the group of countries known as the European Union-15, comprising Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Luxembourg, Italy, the Netherlands, Portugal, Spain, Sweden, and the UK. The second section of the article outlines key characteristics of the banking sectors of the European Union-15 at the country level. The third section adopts a broader comparative approach in examining the structure and performance of the European banking industry. The fourth section examines the integration of European banking across national borders, and assesses the extent to which the European Union's objective of creating a European single market in financial services had been realized. The fifth section discusses the challenges for supervision and financial stability that are raised by the development of a European single market, and the impact of the credit crisis since 2007. The sixth section summarizes and concludes.
John Goddard is Professor of Financial Economics at Bangor Business School, University of Wales, Bangor. Before joining Bangor University in 2005, he was Professor of Economics at Swansea University. His research interests include the economics of banking and financial services, industrial organization, and the economics of professional soccer.
Philip Molyneux is currently Professor in Banking and Finance and Head of Bangor Business School at Bangor University. His research interests include competition, risk, and performance in European banking and developments in global wealth management. In 2001 he was the Visiting Bertill Daniellson Research Fellow at the Stockholm School of Economics and University of Gothenburg. Between 2002 and 2005 he acted as a member of the ECON Financial Services expert panel for the European Parliament. He has recently held visiting Professorships at Bocconi University, Erasmus University, and Bolzano Free University, Italy.
John O. S. Wilson is Professor of Banking and Finance, University of St. Andrews.
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