Sander, Harald; Kleimeier, Stefanie; Heuchemer, Sylvia - In: Economics Letters 118 (2013) 1, pp. 91-93
We demonstrate that the European Monetary Union (EMU) increases cross-border depositing but not lending among EMU countries by 31%. While being a member of the European Union (EU) increases cross-border loans by 49%, cross-border deposit volumes are unaffected.