4European banking landscape between diversity, competition and concentration

Vierteljahrsheftezur Wirtschaftsforschung

Deutsches Institut für Wirtschaftsforschung 04.2018 | 87. Jahrgang

Duncker & Humblot · Berlin

European banking landscape between diversity, competition and concentration

Vierteljahrshefte zur Wirtschaftsforschung Hrsg. vom DIW Berlin 87. Jahrgang | Heft 04.2018 Tab., Abb., 191 Seiten ISSN 0340-1707 (Print) / 1861-1559 (Online) ISBN 978-3-428-15852-2 (Print) Printausgabe 79,90 Euro

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Causes and consequences of institutional diversity are a largely neglected issue in economics. Only in finance, in-stitutional variety has been at times acknowledged, though not in its ‘institution-free’ neoclassical version. Still, extant research has primarily focused on the juxtaposition of bank- vs. market-based financial systems. Given the strong interconnectedness between banks and markets, this is for sure a too binary perspective. Differential responses to the Great Financial Crisis have highlighted the pertinence of institutional diversity for the performance as well as resilience of (national) financial systems. Nonetheless, financial diversity is still poorly researched and underesti-mated. In order to motivate more research on the role of banking sector and financial intermediary diversity for the performance of economies and societies, we review recent research in this area and present empirical findings.

ContentsHans-Helmut Kotz and Dorothea Schäfer European banking landscape between diversity, competition and concentration

Reinhard H. Schmidt Diversity in finance: An overview

Giovanni Ferri and Doris Neuberger How does banking diversity fit in the general vision inspiring the joint process of Banking Union and Capital Markets Union?

Horst Gischer and Christian Ilchmann Banking sector diversity and socioeconomic structure—criteria for matching pairs

Andreas Bley Limited diversity—business models of German cooperative banks

Franz Flögel and Stefan Gärtner Lost diversity: Business lending in the centralised banking system of the UK

Karl-Peter Schackmann-Fallis and Mirko Weiß Post-financial crisis times: Only a short phase of re-intermediation and re-direction to boring banking business models? Regulatory burden, fintech competition and concentration processes

Mechthild Schrooten Finance and growth—reconsidered

Axel Bertuch-Samuels Why we should embrace institutional diversity in banking

Lorenzo Bini Smaghi What future for the European banking system?

Hans-Helmut Kotz and Dorothea Schäfer Diversity across EU banking sectors: Poorly researched and under-appreciated