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

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  3. Vierteljahrshefte zur Wirtschaftsforschung
  4. Vol. 87, Issue 4
  5. pp. 25–37

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Ferri, G., Neuberger, D. How does banking diversity fit in the general vision inspiring the joint process of Banking Union and Capital Markets Union?. Vierteljahrshefte zur Wirtschaftsforschung, 87(4), 25-37. https://doi.org/10.3790/vjh.87.4.25
Ferri, Giovanni and Neuberger, Doris "How does banking diversity fit in the general vision inspiring the joint process of Banking Union and Capital Markets Union?" Vierteljahrshefte zur Wirtschaftsforschung 87.4, 2018, 25-37. https://doi.org/10.3790/vjh.87.4.25
Ferri, Giovanni/Neuberger, Doris (2018): How does banking diversity fit in the general vision inspiring the joint process of Banking Union and Capital Markets Union?, in: Vierteljahrshefte zur Wirtschaftsforschung, vol. 87, iss. 4, 25-37, [online] https://doi.org/10.3790/vjh.87.4.25
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How does banking diversity fit in the general vision inspiring the joint process of Banking Union and Capital Markets Union?

Ferri, Giovanni | Neuberger, Doris

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 87 (2018), Iss. 4 : pp. 25–37

2 Citations (CrossRef)

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/vjh.87.4.25
Language
English
Pages
13
Keywords

Author Details

Giovanni Ferri, Lumsa University, Rome, Center for Relationship Banking & Economics (CERBE), Rome.

Doris Neuberger, University of Rostock, Center for Relationship Banking & Economics (CERBE), Rome, German Institute for Economic Research (DIW).

Cited By

  1. Diversity in banking and new firm formation. Insights from the Italian local credit markets

    Errico, Lucia | Rondinella, Sandro | Trivieri, Francesco

    International Review of Economics & Finance, Vol. (2024), Iss.

    https://doi.org/10.1016/j.iref.2024.01.005 [Citations: 0]

  2. Banking diversity and firms’ exit: A study on Italian data

    Costanzo, Giuseppina Damiana | Succurro, Marianna | Trivieri, Francesco

    Journal of Evolutionary Economics, Vol. 33 (2023), Iss. 5 P.1537

    https://doi.org/10.1007/s00191-023-00836-4 [Citations: 1]

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  75. Amidžic, G., A. Massara and A. Mialou (2014): Assessing Countries’ Financial Inclusion Standing—A New Composite Index. IMF Working Papers 14/36. Washington, D. C., International Monetary Fund.  Google Scholar
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  79. Bikker, J. A. and K. Haaf (2002): Measures of Competition and Concentration in the Banking Industry: A Review of the Literature. Economic & Financial Modelling, Summer 2002, Central Bank of the Netherlands.  Google Scholar
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  81. Bartoli, F., G. Ferri, P. Murro and Z. Rotondi (2013): SME financing and the choice of lending technology in Italy: Complementarity or substitutability? Journal of Banking and Finance, 37, 5476–5485.  Google Scholar
  82. Ayadi, R., D. T. Llewellyn, R. H. Schmidt, E. Arbak, and W. P. De Groen (2010): Investigating Diversity in the Banking Sector in Europe. Key Developments, Performance and Role of Cooperative Banks. Centre for European Policy Studies, Brussels.  Google Scholar

Abstract

Die globale Finanzkrise (GFC: 2008–2009) und die Euro-Staatsschuldenkrise (ESC: 2010–2012) scheinen ein Prozess der kreativen Zerstörung für die Europäische Union (EU) zu sein. Den enormen Schäden, die durch die GFC und ESC verursacht wurden, folgten in der Tat wichtige institutionelle Aufbauschritte wie die Bankenunion (BU) und die Kapitalmarktunion (CMU). Ihre schnelle Einführung deutet darauf hin, dass BU und CMU als Notfalllösungen zum Einsatz kamen. Im Nachhinein können wir sie nun neu bewerten. Wir gehen davon aus, dass zwei unbeabsichtigte Nebeneffekte eingetreten sind: 1) Die CMU hat das Gleichgewicht gegen das Bankwesen und zugunsten der Finanzmärkte verschoben; 2) die BU schwächt de facto die Bankenvielfalt. Selbst wenn es CMU und BU gelungen ist, die wirtschaftlichen Ziele der EU zu erreichen, beeinträchtigen ihre Nebenwirkungen die sozialen und kulturellen Ziele, die gleichermaßen in den EU-Verträgen verankert sind. Wir argumentieren, dass CMU und BU überarbeitet werden sollten, um den Schaden für soziale und kulturelle Ziele zu begrenzen, oder dass andere EU-Politiken entwickelt werden sollten, um das Gleichgewicht wiederherzustellen.

Table of Contents

Section Title Page Action Price
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? 1
Summary 1
Zusammenfassung 1
1 Introduction 2
2 Economic, social and cultural objectives of the EU treaties 2
3 Objectives of CMU and BU and relationships with banking diversity 4
4 Contributions of banking diversity to the objectives of the EU treaties 6
5 Summary and conclusions 9
References 1

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