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- Title
Assessing integration of EU banking sectors using lending margins.
- Authors
MUNTEAN, Radu
- Abstract
Banking integration is generally linked to price convergence. In addition to interest rates, we argue that lending margins provide important information regarding price setting convergence in banking sectors. House purchase and nonfinancial corporations (NFC) lending margins confirm that EU banking integration was affected by financial crises. There is a relatively higher convergence for NFC lending margins, while integration is deeper in the euroarea. The country specific analysis differentiates between integrated and dissimilar EU banking sectors. Besides their financial information content and direct economic impact, lending margins are useful measures of banking integration for policy decisions.
- Subjects
EUROPEAN Union countries; BANKING industry; ECONOMIC convergence; ECONOMIC policy; HOUSE buying; LOANS; MARGINS (Futures trading)
- Publication
Theoretical & Applied Economics, 2014, Vol 21, Issue 8, p27
- ISSN
1841-8678
- Publication type
Article