International Banking with the Euro

15 Pages Posted: 4 Jul 2012 Last revised: 29 Sep 2013

See all articles by Patrick McGuire

Patrick McGuire

Bank for International Settlements (BIS)

Nikola A. Tarashev

Bank for International Settlements (BIS) - Monetary and Economic Department

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

McGuire, Patrick M. and Tarashev, Nikola A., International Banking with the Euro (December 1, 2007). BIS Quarterly Review, December 2007, Available at SSRN: https://ssrn.com/abstract=1490989

Patrick M. McGuire (Contact Author)

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

Nikola A. Tarashev

Bank for International Settlements (BIS) - Monetary and Economic Department ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
49
Abstract Views
557
PlumX Metrics