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The Banking Sector and Recovery in the EU Economy. ESRI Research Bulletin 2011/2/2

Barrell, Ray and Fic, Tatiana and FitzGerald, John and Orazgani, Ali and Whitworth, Rachel (2011) The Banking Sector and Recovery in the EU Economy. ESRI Research Bulletin 2011/2/2. UNSPECIFIED.

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    The financial crisis of the last three years has seen a dramatic change in the EU financial sector. Since the early 1990s, with the completion of the internal market, there had been a growing trend towards an EU financial services market. Banks were becoming more international with greater regional coverage within the EU (and the world) resulting in a more efficient use of capital in the EU economy and enhanced competition. The benefit of this growth in “European” banks was expected to arise from both efficiency gains within the sector and also from a more efficient allocation of capital across wider European economy, all leading to higher growth. Experience has shown that the expected changes in the banking sector within the EU did, in fact, translate into welfare benefits for consumers in the period prior to the current crisis.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > banks/financial markets
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Research Bulletin
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 25 Sep 2018 13:13
    Number of Pages: 3
    Last Modified: 25 Sep 2018 13:13

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