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La situation concurrentielle des principaux secteurs bancaires européens entre 1993 et 2000 : quels enseignements pour la future structure des marchés financiers issue de l'UEM ?

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  • Michel Boutillier
  • Jimmy Gaudin
  • Stéphanie Grandperrin

Abstract

[eng] The competition among European bank firms between 1993 and 2000 : what future for the European banking sector structure ?. Aiming to estimate the impacts of EMU on the European banking sectors structure, this paper analyses the degree of competition among bank firms of the 4 major European continental banking sectors (Germany, France, Italy and Spain ones) between 1993 and 2000 using two main tools of the new industrial organization theory : the Panzar-Rosse (1987) and Lerner’s indexes. The first model allows to reject the monopolistic competition hypothesis for any of the represented sector for the whole 1993-2000 period. The second assessment, in spite of describing substantial differences between countries, does not globally show an increase of bank margins (or at least a stabilization for German, French and Italian banks) in the same period. On the whole, both kinds of indexes show how the high degree of competition persists within the European Union during the concerned period. . JEL classification : F36, G21 [fre] Ce travail évalue les conséquences de l’UEM sur la structure du système bancaire européen. Ainsi, il analyse le degré de concurrence existant entre les firmes constituant les 4 principaux secteurs bancaires européens continentaux (Allemagne, Espagne, France et Italie) entre 1993 et 2000, à l’aide du test de Panzar et Rosse (1987) et de l’indice de Lerner. Le premier test permet de rejeter l’hypothèse de concurrence monopolistique pour chacun des secteurs représentés sur la période. Dans le même temps, et malgré d’importantes différences entre les pays considérés, la seconde catégorie d’estimations ne montre globalement pas de croissance des marges bancaires. En conclusion, les estimations des deux instruments permettent d’observer le maintien d’une concurrence élevée sur les marchés bancaires européens sur la période étudiée. . Classification JEL : F36, G21

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  • Michel Boutillier & Jimmy Gaudin & Stéphanie Grandperrin, 2005. "La situation concurrentielle des principaux secteurs bancaires européens entre 1993 et 2000 : quels enseignements pour la future structure des marchés financiers issue de l'UEM ?," Revue d'Économie Financière, Programme National Persée, vol. 81(4), pages 15-42.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2005_num_81_4_4011
    DOI: 10.3406/ecofi.2005.4011
    Note: DOI:10.3406/ecofi.2005.4011
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    References listed on IDEAS

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    Cited by:

    1. Christos K. Staikouras & Anastasia Koutsomanoli‐Fillipaki, 2006. "Competition and Concentration in the New European Banking Landscape," European Financial Management, European Financial Management Association, vol. 12(3), pages 443-482, June.
    2. Chopard, Bertrand & Langlais, Eric, 2009. "Défaut de paiement stratégique et loi sur les défaillances d'entreprises [Strategic default and bankruptcy law]," MPRA Paper 14366, University Library of Munich, Germany.
    3. Natasa Koutsomanoli & Christos Staikouras, 2004. "Competition and Concentration," Money Macro and Finance (MMF) Research Group Conference 2004 26, Money Macro and Finance Research Group.
    4. Ines Ben Abdelkader & Faysal Mansouri, 2013. "Competitive Conditions of the Tunisian Banking Industry: An Application of the Panzar–Rosse Model," African Development Review, African Development Bank, vol. 25(4), pages 526-536, December.

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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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