Davis, E. Philip; De Bandt, Olivier - European Central Bank - 1999
monopolistic competition, as compared to the United States. Regarding small banks, the level of competition appears to be even … lower, especially in France and Germany. EMU would therefore imply a notable rise in competition for small banks in France … and Germany, as well as an increase in competition for large banks, especially in Italy. JEL Classification: G21, L12 …