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Financial integration and innovation in Europe

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Abstract

The creation of an internal market for financial services by the European Union, along with technological changes in communications and data management, will have a strong impact on banking and financial markets in Europe. This paper presents a selective review of discussions concerning the resulting processes of adjustment and their outcomes. Topics covered include effects on cost efficiency, competition production and trade patterns, and the dynamics of financial regulation in the open, integrated economy.

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Authors and Affiliations

  1. University of Bern, Bern, Switzerland

    Ernst Baltensperger & Andrea Behrends

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  1. Ernst Baltensperger
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  2. Andrea Behrends
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Baltensperger, E., Behrends, A. Financial integration and innovation in Europe. Open Econ Rev 5, 289–301 (1994). https://doi.org/10.1007/BF01000914

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