International Banking with the Euro
15 Pages Posted: 4 Jul 2012 Last revised: 29 Sep 2013
Date Written: December 1, 2007
Abstract
The structure of the international banking market has evolved in important ways since the introduction of the euro in 1999. In comparison to legacy currencies, the use of the euro in cross-border banking transactions grew on aggregate, and the bilateral linkages within the euro area became more dispersed in the years after its introduction. However, growth in the use of the euro globally has plateaued more recently. In addition, measures of banks’ presence in foreign credit markets reveal rather mixed signs of greater integration of the euro area banking system since 1999.
Keywords: International banking, introduction of the euro, banking integration, euro lending
JEL Classification: F34, G15, G21
Suggested Citation: Suggested Citation
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