1. Gerald D. Feldman : an appreciation / Jeffrey Fear -- 2. Starting from scratch? The beginnings of Banca Commerciale Italiana : 1893-1894 / Peter Hertner -- 3. Jewish financiers in the city of London : reality and rhetoric, 1830-1914 / Randal Michie -- 4. The financial culture of the Habsburg...

- Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit does not return to the pre-crisis level for three years after the GDP trough, are not rare and are characterised by remarkable real GDP growth rates: 4.7 percent per year in...

EU enlargement rests on the proven success of European unification. European monetary integration and the introduction of euro are probably the best examples of integration. The EU financial sector has been going through a large restructuring program in the last decades. There was a continuous...

This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...

1 Ausgangslage 2 Börsliche Intermediationsleistungen 3 Betriebswirtschaftliche Sicht: Wertschöpfung im Wertpapierhandel 4 Wettbewerb und Wettbewerbsstrategien: Markt für Märkte 5 Ausblick

The systemic risk potential in the European banking market has increased. Hence, the following questions emerge: Is there a need for a truly European supervisory framework? And, how should a potential European supervisor be organised? This paper evaluates the existing supervisory framework as...

In this study we apply cluster analysis techniques, including a novel smoothing method, to detect some basic patterns and trends in the euro area banking sector in terms of the degree of homogeneity of countries. We find that in the period 1998-2004 the banking sectors in the euro area countries...