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Concurrence et concentration bancaires en Europe

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  • Esther Jeffers
  • Valérie Oheix

Abstract

[eng] Banking competition and concentration in Europe . The process of concentration in the banking sector is an established phenomenon in Europe. However, most combinations have remained limited to national frameworks, and no major Pan-European fusion involving prominent players has yet taken place. The purpose of this article, first of all, is to analyze the industrial logic as well as the theoretical determinants making it possible to explain these combinations. The question is next to identify the factors which tend to accelerate or, on the contrary, retard banking integration, distinguishing those factors present during an acquisition from those which appear upon the creation of a new bank. Finally, we examine the role played by the regulations concerning bank concentrations. This analysis demonstrates that the European banking sector continues to remain very fragmented by national, particularly regulatory, specificities, which drive European banks to prefer a strategy that defends their positions on their national markets. . JEL classifications : F36, G21 [fre] Le processus de concentration du secteur bancaire est un phénomène avéré en Europe. La majeure partie des rapprochements demeure cependant cantonnée au niveau national et aucune fusion paneuropéenne d'envergure n'a eu lieu. L'objet de cet article est tout d'abord d'analyser les logiques industrielles ainsi que les déterminants théoriques qui permettent d'expliquer ces regroupements. Il s'agit ensuite d'identifier les facteurs qui tendent à accélérer, ou au contraire à freiner, l'intégration bancaire, en distinguant ceux qui relèvent d'une acquisition de ceux qui se manifestent lors de la création d'une nouvelle banque. Enfin, on s'interroge sur le rôle joué par les règles de contrôle des concentrations bancaires. Il ressort de cette analyse que le secteur bancaire européen reste très fragmenté par les spécificités nationales, notamment réglementaires, qui amènent les banques européennes à favoriser une stratégie de défense de leurs positions sur leur marché national. . Classification JEL : F36, G21

Suggested Citation

  • Esther Jeffers & Valérie Oheix, 2003. "Concurrence et concentration bancaires en Europe," Revue d'Économie Financière, Programme National Persée, vol. 72(3), pages 223-242.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2003_num_72_3_4881
    DOI: 10.3406/ecofi.2003.4881
    Note: DOI:10.3406/ecofi.2003.4881
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    References listed on IDEAS

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    1. Corvoisier, Sandrine & Gropp, Reint, 2002. "Bank concentration and retail interest rates," Journal of Banking & Finance, Elsevier, vol. 26(11), pages 2155-2189, November.
    2. Berger, Allen N. & Demsetz, Rebecca S. & Strahan, Philip E., 1999. "The consolidation of the financial services industry: Causes, consequences, and implications for the future," Journal of Banking & Finance, Elsevier, vol. 23(2-4), pages 135-194, February.
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    Cited by:

    1. Désiré Avo & Sylvie Marie-Louise Eyeffa Ekomo, 2007. "Quinze ans de restructuration bancaire dans la CEMAC : qu’avons-nous appris ?," Revue d'Économie Financière, Programme National Persée, vol. 89(3), pages 183-205.

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    More about this item

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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