Universal vs. Specialized Banks.

EMU is expected to foster the emergence of a European capital market and this is arguably one of the most significant gains of monetary union. On the European continent at least, capital markets are still underdeveloped and financial markets are, therefore, bank-dominated. The rise of a large and more efficient capital market changes the competitive position of banks by accelerating disintermediation.

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Year of publication:	1996
Authors:	Steinherr, A
Institutions:	American Institute for Contemporary German Studies-
Subject:	EUROPE \| MONETARY UNION \| BANKS

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Series:	American Institute for Contemporary German Studies-.
Type of publication:	Book / Working Paper
Notes:	29 pages
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; F33 - International Monetary Arrangements and Institutions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005675186