This paper aims at reviewing the structural developments in the EU banking sector for the last ten years. Special attention is devoted to the effect that the introduction of the Euro has had on such developments. The analysis is based on a wide range of indicators drawn from different data...

What are the prospects that risk-sharing in EMU will ever attain the levels in the US? So far as risk-sharing in the US depends on interregional transfers through the budget of the federal government, those prospects are poor. So far as the risk-sharing in the US takes place though market...