Convergence in the Activities of European Banks

Posted: 27 Aug 2014

See all articles by Drew Dahl

Drew Dahl

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Ronald E. Shrieves

University of Tennessee, Knoxville - Department of Finance

Michael F. Spivey

Clemson University - Department of Finance

Date Written: April 2008

Abstract

Cross-country integration of banking in Europe typically has been analyzed from the perspective of particular markets for financial products. We extend this research to consider the potential effects of market integration on the portfolio choices and financial structure of banks in seven European countries, 1994-2002. Our evidence rejects a hypothesis that banks in different countries have common activities. Distinct portfolio choices are more evident among small banks, as opposed to big banks, are more evident in Italy and are less evident in the UK and Spain. We conclude that integration of financial markets in Europe, to the extent that it has occurred, has not imposed a uniform mix of activities on European banks.

Keywords: European bank structure; Financial market integration

JEL Classification: F33; F36; G11

Suggested Citation

Dahl, Drew and Shrieves, Ronald E. and Spivey, Mike, Convergence in the Activities of European Banks (April 2008). Journal of International Financial Markets, Institutions and Money, Vol. 18, No. 2, 2008, Available at SSRN: https://ssrn.com/abstract=2487325

Drew Dahl (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

P.O. Box 442
St. Louis, MO 63166-0442
United States

Ronald E. Shrieves

University of Tennessee, Knoxville - Department of Finance ( email )

Knoxville, TN 37996
United States

Mike Spivey

Clemson University - Department of Finance ( email )

Clemson, SC 29634
United States

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