Year: 2018
Author: Gischer, Horst, Ilchmann, Christian
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 87 (2018), Iss. 4 : pp. 39–54
Abstract
It has been an age-old debate whether the financial structure matters for the real economy’s efficiency and therefore for real outcomes. We suppose that varying socioeconomic conditions require appropriately designed corresponding financial sectors. For providing evidence, we firstly determine the specific (quantitative) size and corporate alignments of banking sectors across Europe, based on a sophisticated cluster analysis. Secondly, we develop a coherent system of geographic, social and economic parameters to identify structural patterns within the real economy’s sector. In a conclusive synthesis, we link both analytical parts and draw tentative conclusions for possible future policy implications in Europe.
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/vjh.87.4.39
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 87 (2018), Iss. 4 : pp. 39–54
Published online: 2018-10
AMS Subject Headings: Duncker & Humblot, Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 16
Keywords: European integration economic integration banking system structure socioeconomic structure Banking Union banking business models E00 E02 E60
Author Details
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Bankenwettbewerb und die Stabilität von Finanzsektoren
Richter, Toni
Zeitschrift für Wirtschaftspolitik, Vol. 70 (2021), Iss. 1 P.1
https://doi.org/10.1515/zfwp-2021-2044 [Citations: 0]
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Google Scholar -
Ward, Joe (1963): Hierarchical grouping to optimize objective function. Journal of the American Statistical Association, 58 (301), 236–244.
Google Scholar -
Ayadi, Rim, Willem De Groen, Ibtihel Sassi, Walid Mathlouthi, Harol Rey and Olivier Aubry (2016): Banking Business Models Monitor 2015 Europe. Centre for European Policy Studies, Brussels.
Google Scholar -
Behr, Patrick, Lars Norden and Felix Noth (2013): Financial constraints of private firms and bank lending behavior. Journal of Banking & Finance, 37, 3472–3485.
Google Scholar -
BIS (2018b): Consolidated banking statistics (CBS_PUB). http://stats.bis.org:8089/sta-tx/srs/table/b1?m=S&f=csv (accessed December 2018).
Google Scholar -
World Bank (2018b): GDP (current US$). https://data.worldbank.org/indicator/NY.GDP.MKTP.CD (accessed December 2018).
Google Scholar -
World Bank (2018a): Market capitalization of listed domestic companies. https://data.worldbank.org/indicator/CM.MKT.LCAP.CD (accessed December 2018).
Google Scholar -
Schmidt, Reinhard (2018): Passt das deutsche Dreisäulensystem in eine zunehmend harmonisierte Bankenstruktur für Europa? Zeitschrift für das gesamte Kreditwesen, 71, 34–37.
Google Scholar -
Lucas, Robert (2013): Glass-Steagall: A Requiem. American Economic Review, 103 (3),43–47.
Google Scholar -
Levine, Ross (2002): Bank-Based or Market-Based Financial Systems: Which Is Better? Journal of Financial Intermediation, 11, 398–428.
Google Scholar -
Langfield, Sam, and Marco Pagano (2016): Bank bias in Europe: Effects on systemic risk and growth. Economic Policy, 31 (85), 51–106.
Google Scholar -
Gischer, Horst, and Christian Ilchmann (2017): CMU—a threat to the German banking sector? Quarterly Journal of Economic Research, 86 (1/2017), 81–94.
Google Scholar -
Gischer, Horst, and Bernhard Herz (2016): Das Geschäftsmodell „Regionalbank“ auf dem amerikanischen Prüfstand. Credit and Capital Markets: Kredit und Kapital, 49 (2), 175–191.
Google Scholar -
Eurostat (2018): Eurostat regional yearbook. 2018 edition. European Commission, Brussels.
Google Scholar -
ECB (2017): CBD2—Consolidated Banking data. http://sdw.ecb.europa.eu/browse.do-?node=9689685 (accessed December 2018).
Google Scholar -
Calinski, Tadeusz, and Jerzy Harabasz (1974): A dendrite method for cluster analysis. Communications in Statistics, 3, No. 1, 1–27.
Google Scholar -
Bureau van Dijk (2018): Orbis BankFocus database. https://banks.bvdinfo.com/version-20181219/home.serv?product=OrbisBanks (accessed December 2018).
Google Scholar -
Brämer, Patrick, Horst Gischer and Toni Richter (2010): Das deutsche Bankensystem im Umfeld der internationalen Finanzkrise, List Forum für Wirtschafts- und Finanzpolitik, 36 (4), 318–334.
Google Scholar