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The euro and the large banks' behaviour within the EMU – Entrepreneurial strategies and monetary policy

Author

Listed:
  • M. BORCHERT

    (Westfalische Wilhelms Universitat Munster)

Abstract

This paper connects different business cultures of large banks in various countries of the EMU with monetary policy issue of the ECB. First, the banks' competitive potential as well as their strategic behaviour is outlined. Furthermore, a cluster analysis exhibits some banking groups according to the liability-orientation of the largest EMU-banks, and a factor analysis gives some additional information about their asset-orientation; both business orientations play an important role for the efficiency of monetary policy. FInally, the different cash requirements within the various European countries might lead to totally new bank strategies, yielding to an internationalization of large bank-credits.

Suggested Citation

  • M. Borchert, 1999. "The euro and the large banks' behaviour within the EMU – Entrepreneurial strategies and monetary policy," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 52(208), pages 39-68.
    • Handle: RePEc:psl:bnlaqr:1999:12
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10621/10505
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    References listed on IDEAS

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    5. Rudi Dornbusch & Carlo Favero & Francesco Giavazzi, 1998. "Immediate challenges for the European Central Bank," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 13(26), pages 16-64.
    6. Sinn, Hans-Werner & Feist, Holger, 1997. "Eurowinners and Eurolosers: The distribution of seigniorage wealth in EMU1," European Journal of Political Economy, Elsevier, vol. 13(4), pages 665-689, December.
    7. Anil K. Kashyap & Jeremy C. Stein, 1994. "Monetary Policy and Bank Lending," NBER Chapters, in: Monetary Policy, pages 221-261, National Bureau of Economic Research, Inc.
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Borchert, Manfred, 2004. "The impact of banking behaviour on monetary strategy," Beiträge zur angewandten Wirtschaftsforschung 5, University of Münster, Center of Applied Economic Research Münster (CAWM).
    2. C. D’Adda, 1999. "The EU and the euro: an example to imitate?," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 52(211), pages 383-399.
    3. Manfred Borchert, "undated". "The Changing Character of the European Banking Market," Working Papers 201169, Institute of Spatial and Housing Economics, Munster Universitary.
    4. Borchert, Manfred, 2003. "The changing character of the European banking market," Beiträge zur angewandten Wirtschaftsforschung 1, University of Münster, Center of Applied Economic Research Münster (CAWM).
    5. Manfred Borchert, "undated". "The Impact of Banking Behaviour on Monetary Strategy in Europe," Working Papers 201160, Institute of Spatial and Housing Economics, Munster Universitary.
    6. Manfred Borchert, "undated". "The Impact of Banking Behaviour on Monetary Strategy," Working Papers 201166, Institute of Spatial and Housing Economics, Munster Universitary.
    7. Borchert, Manfred, 2005. "The impact of banking behaviour on monetary strategy in Europe," Beiträge zur angewandten Wirtschaftsforschung 13, University of Münster, Center of Applied Economic Research Münster (CAWM).
    8. C. D’Adda, 1999. "The EU and the euro: an example to imitate?," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 52(211), pages 383-399.

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    More about this item

    Keywords

    Commercial Banks; Commercial Banking; Research; Banking industry; Monetary unions;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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