European banking landscape between diversity, competition and concentration

Vierteljahrshefte zur Wirtschaftsforschung. Heft 4, 87. Jahrgang (2018)
1. Auflage 2019
ISBN: 978-3-428-15852-2
Verlag: Duncker & Humblot

Buch, Deutsch, 191 Seiten, Format (B × H): 176 mm x 250 mm, Gewicht: 370 g

Reihe: Vierteljahrshefte zur Wirtschaftsforschung

Causes and consequences of institutional diversity are a largely neglected issue in economics. Only in finance, institutional variety has been at times acknowledged, though not in its ›institution-free‹ neoclassical version. Still, extant research has primarily focused on the juxtaposition of bank- vs. market-based financial systems. Given the strong interconnectedness between banks and markets, this is for sure a too binary perspective. Differential responses to the Great Financial Crisis have highlighted the pertinence of institutional diversity for the performance as well as resilience of (national) financial systems. Nonetheless, financial diversity is still poorly researched and underestimated. In order to motivate more research on the role of banking sector and financial intermediary diversity for the performance of economies and societies, we review recent research in this area and present empirical findings.

Autoren/Hrsg.

Kotz, Hans-Helmut

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Finanzkrisen, Wirtschaftskrisen

Inhaltsverzeichnis

Hans-Helmut Kotz and Dorothea Schäfer
European banking landscape between diversity, competition and concentration

Reinhard H. Schmidt
Diversity in finance: An overview

Giovanni Ferri and Doris Neuberger
How does banking diversity fit in the general vision inspiring the joint process of Banking Union and Capital Markets Union?

Horst Gischer and Christian Ilchmann
Banking sector diversity and socioeconomic structure–criteria for matching pairs

Andreas Bley
Limited diversity–business models of German cooperative banks

Franz Flögel and Stefan Gärtner
Lost diversity: Business lending in the centralised banking system of the UK

Karl-Peter Schackmann-Fallis und Mirko Weiß
Post-financial crisis times: Only a short phase of re-intermediation and re-direction to boring banking business models? Regulatory burden, fintech competition and concentration processes

Mechthild Schrooten
Finance and growth–reconsidered

Axel Bertuch-Samuels
Why we should embrace institutional diversity in banking

Lorenzo Bini Smaghi
What future for the European banking system?

Hans-Helmut Kotz und Dorothea Schäfer
Diversity across EU banking sectors: Poorly researched and underappreciated