Efficiency in European banking:
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Chichester [u.a.]
Wiley
1996
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Hier auch später erschienene, unveränderte Nachdrucke |
| Physical Description: | XI, 345 S. graph. Darst. |
| ISBN: | 0471962112 |
Staff View
MARC
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Record in the Search Index
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Contents
Preface
IX
1 Introduction
The forces of change in European banking 2
Cost and income pressures .
The importance of productive efficiency 7
Market structure, cost economies and efficiency in European banking —
why are they important? 9
2 A single market for financial services in the EU 12
Introduction 12
Background to the single market for financial services 12
Barriers to integration in financial markets 15
The internal market programme for banking services 19
The single European market programme for securities and insurance
services ~a
Overview of EU financial services legislation 31
European Monetary Union (EMU) and its implications for the single
financial services market 32
Economic aspects of a single market in financial services 38
The problems of creating the single market 46
Conclusion 49
3 Recent changes and structural developments in European banking
systems 50
Introduction 50
An overview of the general macroeconomic environment in the EU 50
A short history of banking in Europe 58
Structural differences between European banking systems 59
Structural developments 61
vj Contents
Universal versus specialised banking in Europe 69
A note on technological levels in European banking systems 71
Operating efficiency in the European banking markets 73
Performance comparisons 77
Ownership and performance in European banking 82
Mergers, acquisitions and cooperation agreements in the 1990s 83
Privatisation and restructuring 89
Conclusions 92
4 The structure performance relationship in US and
European banking 93
Introduction 93
The rationale for testing the SCP relationship in banking 93
The emergence of the SCP debate in the US banking market 95
The SCP model applied to the banking industry 97
Concentration and performance — the empirical evidence from
the United States 105
Concentration and performance — empirical evidence from individual
European countries 119
Concentration and performance — empirical evidence from
international studies 121
Limitations of bank SCP modelling 133
Conclusions 136
5 Scale, scope and cost efficiency in banking markets: a theoretical
perspective 137
Introduction 137
Definition of economies of scale and economies of scope 137
The importance of the shape of average costs in decision making 146
Sources of economies of scale and scope 147
Bank cost function technology 149
Analysing scale and scope economies in banking markets 151
Functional forms for the multi product cost function 160
Recent approaches to estimating efficiency in banking markets 168
Conclusions 172
6 Scale and scope economies in banking markets, empirical evidence
from the United States and Europe 173
Introduction 173
The early cost studies in US banking 173
Post 1965 — multi product cost studies in US banking 177
Studies of scale and scope in European banking markets 193
Recent approaches to estimating efficiency in banking markets 197
Conclusions 200
Contents vii
7 A comparative analysis of scope and scale economies in European
banking markets 202
Introduction 202
The methodology 202
The data and definition of variables 205
Empirical results 206
Product specific economies of scale 215
Conclusions 217
8 European banking and the cost implications of mergers 219
Introduction 219
Brief overview of the recent merger movement in banking markets 219
Motives for merging 221
Previous studies 223
Methodology and mergers simulation 228
Results 229
Limitations of the hypothetical merger analysis 248
Conclusions 250
9 Efficiency in European banking 252
Introduction 252
Estimating banking efficiency 253
European research 256
Overview of the efficiency studies 272
Concluding remarks: Where do we go from here? 273
References 275
Appendix I Review of the US SCP literature 305
Appendix II 321
Index 332 |
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| geographic | Europa |
| geographic_facet | Europa |
| id | DE-604.BV010971732 |
| illustrated | Illustrated |
| indexdate | 2025-01-02T09:09:25Z |
| institution | BVB |
| isbn | 0471962112 |
| language | English |
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| spelling | Molyneux, Philip 1959- Verfasser (DE-588)129735396 aut Efficiency in European banking Philip Molyneux, Yener Altunbas, and Edward Gardener Chichester [u.a.] Wiley 1996 XI, 345 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Hier auch später erschienene, unveränderte Nachdrucke Europäische Union (DE-588)5098525-5 gnd rswk-swf sistema bancario - efficacia - * Europa tessin-TR Bank Banks and banking -- Europe -- Cost effectiveness Kreditwesen (DE-588)4032950-1 gnd rswk-swf Europa Europäische Union (DE-588)5098525-5 b Kreditwesen (DE-588)4032950-1 s DE-604 Altunbaş, Yener Verfasser (DE-588)136897959 aut Gardener, Edward P. M. 1947- Verfasser (DE-588)121406776 aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007341277&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Molyneux, Philip 1959- Altunbaş, Yener Gardener, Edward P. M. 1947- Efficiency in European banking Europäische Union (DE-588)5098525-5 gnd sistema bancario - efficacia - * Europa tessin-TR Bank Banks and banking -- Europe -- Cost effectiveness Kreditwesen (DE-588)4032950-1 gnd |
| subject_GND | (DE-588)5098525-5 (DE-588)4032950-1 |
| title | Efficiency in European banking |
| title_auth | Efficiency in European banking |
| title_exact_search | Efficiency in European banking |
| title_full | Efficiency in European banking Philip Molyneux, Yener Altunbas, and Edward Gardener |
| title_fullStr | Efficiency in European banking Philip Molyneux, Yener Altunbas, and Edward Gardener |
| title_full_unstemmed | Efficiency in European banking Philip Molyneux, Yener Altunbas, and Edward Gardener |
| title_short | Efficiency in European banking |
| title_sort | efficiency in european banking |
| topic | Europäische Union (DE-588)5098525-5 gnd sistema bancario - efficacia - * Europa tessin-TR Bank Banks and banking -- Europe -- Cost effectiveness Kreditwesen (DE-588)4032950-1 gnd |
| topic_facet | Europäische Union sistema bancario - efficacia - * Europa Bank Banks and banking -- Europe -- Cost effectiveness Kreditwesen Europa |
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