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Investigating Diversity in the Banking Sector in Europe: The Performance and Role of Savings Banks. CEPS Paperbacks. June 2009

Schmidt, Reinhard H. and Carbo Valverde, Santiago and Fernandez, Francisco Rodriguez and Ayadi, Rym and Arbak, Emrah (2009) Investigating Diversity in the Banking Sector in Europe: The Performance and Role of Savings Banks. CEPS Paperbacks. June 2009. Series > Centre for European Policy Studies (Brussels) > CEPS Paperbacks . UNSPECIFIED. ISBN 9789290798682

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    Abstract

    In the aftermath of the financial crisis, the foundations of modern and innovative financial systems developed over decades have suffered serious damage. This has triggered massive state interventions and has led authorities to revamp the regulatory structures and frameworks. While many voices have called for a return to more traditional approaches to banking and finance, no one has argued the merits of diversity. This book investigates the merits of a diverse banking system with a special focus on the performance and role of savings banks in selected European countries where they are still prominent (Austria, Germany and Spain) and where they have progressively disappeared (Belgium and Italy). The theoretical and empirical arguments that are developed in this book tend to support the view that it is economically and socially beneficial to have ‘dual bottom-line’ institutions, such as savings banks. For those who accept this premise, it would suggest that policy-makers should not take or support actions that could jeopardise this valuable element of the financial system in various countries in Europe and of the emerging integrated European financial system.

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    Item Type: Book
    Uncontrolled Keywords: Financial Markets.
    Subjects for non-EU documents: Countries > Austria
    Countries > Belgium
    Countries > Germany
    Countries > Italy
    Countries > Spain
    EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Paperbacks
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 23 Dec 2011 21:36
    Number of Pages: 201
    Last Modified: 23 Dec 2011 21:36
    URI: http://aei.pitt.edu/id/eprint/32639

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