Zusammenfassung Die Liberalisierung netzgebundener Industrien muss regelmäßig über die Kontrolle der Marktmacht der früheren Monopolunternehmen erfolgen. Dies kann zumindest theoretisch nicht nur durch eine Ex-ante-Regulierung einer auf eine begrenzte Anzahl von Sektoren spezialisierten...

Using a sample of stock-listed bank holding companies located in Western Europe over the period from 1997 to 2008 this paper provides empirical evidence that an increase in short-term interest rates as well as an extended period of expansionary monetary policy has a negative impact on European...

Using aggregate balance sheet data from banks across the EU-25 over the period from 1997 to 2005 we provide empirical evidence that national banking market concentration has a negative impact on European banks' financial soundness as measured by the Z-score technique while controlling for...