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The Effect of Removing Geographic Restrictions on Banking in the United States: Lessons for Europe *
Author(s) -
Kroszner Randall S.
Publication year - 2008
Publication title -
financial markets, institutions and instruments
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.386
H-Index - 23
eISSN - 1468-0416
pISSN - 0963-8008
DOI - 10.1111/j.1468-0416.2007.00128.x
Subject(s) - volatility (finance) , international banking , business , international economics , financial system , economic policy , economics , finance
In this paper the author argues that cross‐border, intra‐European bank mergers are likely to generate benefits similar to those enjoyed in the United States when interstate banking restrictions were removed. These benefits include greater banking efficiency, higher economic and employment growth, more entrepreneurial activity, and reduced economic volatility.