European Banking: Efficiency, Technology and Growth (Wiley Finance) - Hardcover

Goddard, John A.; Molyneux, Philip; Wilson, John O. S.

Hardcover

ISBN 10: 0471494496 ISBN 13: 9780471494492

Verlag: Wiley, 2001

Inhaltsangabe

The retail banking sector has undergone immense change over the last decade, such that the industry is barely recognisable. The creation of the European Single Market has of necessity initiated deregulation, whilst the increase in telephone and internet banking has impacted on economies of scale. Financial services organisations are now able to compete in previously uncharted territory, to considerable effect.
Taking the reader on a journey of discovery through the economic theory behind the practice and the consequences that follow, the authors have created a fascinating insight into the current state of European retail banking. The authors use their extensive research to display the rationale behind the increasing trend towards consolidation and efficiency.
Well argued and well researched, this is a must read for all people with an interest in the European Banking market, from investors to bankers and students alike.

Über diesen Titel

Über die Autorin bzw. den Autor

JOHN A. GODDARD is a Senior Lecturer at the Department of Economics, University of Wales Swansea. Prior to this he lectured at the University of Wales, Bangor, and was a researcher at the University of Leeds. He is the author of many articles in academic journals on topics including industrial economics and the economics of the professional football industry. John Goddard also has several years practitioner experience in the UK life insurance sector.
PHILIP MOLYNEUX is Professor of Banking at the School of Accounting, Banking and Economics (SABE) at the University of Wales, Bangor and the Levob Special Chair of Financial Services and Financial Conglomerates at Erasmus University, Rotterdam, Netherlands. He is also co-director of the Institute of European Finance and a highly respected authority on European finance and banking. His many previous works include Financial Innovation and Efficiency in European Banking (both published by John Wiley Sons, Ltd).
JOHN O.S. WILSON is a lecturer in the Department of Management at the University of St. Andrews, specialising in industrial organisation, banking and managerial economics. Prior to this he lectured in economics at London Guildhall University, and has also been a visiting lecturer at the University of Wales, Bangor. He has co-authored Essentials of Industrial Organization (Financial Times, Prentice Hall) and has also has written many papers on subjects ranging from the growth of European banks, to attendance patterns in the English Rugby Football League.

Von der hinteren Coverseite

The retail banking sector has undergone immense change over the last decade, such that the industry is barely recognisable. The creation of the European Single Market has of necessity initiated deregulation, whilst the increase in telephone and internet banking has impacted on economies of scale. Financial services organisations are now able to compete in previously uncharted territory, to considerable effect.
Taking the reader on a journey of discovery through the economic theory behind the practice and the consequences that follow, the authors have created a fascinating insight into the current state of European retail banking. The authors use their extensive research to display the rationale behind the increasing trend towards consolidation and efficiency.
Well argued and well researched, this is a must read for all people with an interest in the European Banking market, from investors to bankers and students alike.

"This outstanding contribution has everything a banking practitioner, academic or regulator would need to know about European banking, complete from theory to practice to data to background references. This is a must-have reference guide for anyone who wants or needs to know about our financial system." - Allen N. Berger, Senior Economist, Federal Reserve Board

Aus dem Klappentext

Does size matter? The recent wave of mergers and takeovers in the banking industry suggests that it certainly does. Current thinking is that the smaller will fall, whilst the large will increasingly dominate the market.
This book examines the reasons behind the changes, beginning by looking at classical economic theories on competition and the firm, and their applications to financial services. The authors proceed to describe how the structure of the market has changed in Europe, as well as the effects of the many changes in both banking and the financial services sector as a whole. The earlier chapters detail classic economic theory and its relevance to the banking sector. Using both theoretical and empirical methods of analysis, many arguments and debates concerning the structure, growth and future development of the banking sector are reviewed and evaluated. In particular this book focuses on the performance of the banking sector over the past decade and considers whether economies of scale do indeed improve competitiveness.
The authors' knowledge of the subject enables them to explain the theories and the empirical results in a clear, accessible style. The book is divided into nine chapters:
* Introduction
* Current Developments in European Banking
* The Economics of Industry Structure
* Market Structure and the Growth and Performance of Banks
* Efficiency in European Banking
* Technological Change in European Banking
* The Law of Proportionate Effect: Previous Empirical Research
* Stochastic Models of the Growth of Banks
* Empirical Tests of the Law of Proportionate Effect for European Banking

Details zur Ausgabe

• Verlag: Wiley
• Erscheinungsdatum: 2001
• Sprache: Englisch
• ISBN 10: 0471494496
• ISBN 13: 9780471494492
• Einband: Gebundene Ausgabe
• Auflage: 1
• Anzahl der Seiten: 312
• Kontakt zum Hersteller: Wiley-VCH GmbH; product_safety@wiley.com; ; Boschstrasse 12; Weinheim; 69469; Deutschland