The European Banking System Before and After the Crises

14 Pages Posted: 9 Feb 2014

See all articles by Themistokles G. Lazarides

Themistokles G. Lazarides

University of Thessaly

Electra Pitoska

Technological Educational Institute (TEI) of West Macedonia - Applied Informatics in Business and Economy

Date Written: February 8, 2014

Abstract

The European banking system is not isomorphic. The differences can be traced to the differences in their local economy development, legal origin, ownership status, corporate governance system, etc. The 2008 crises has found the banking system of Europe in a transition status. The adoption of Euro, the establishment of the European Central Bank, the Basil III initiative, the adoption of legal isomorphism as policy in E.U., and finally the crises have been creating a unique environment for the banking system.

The paper will address the issue of convergence of the banking system in Europe using a set of data from 27 countries of Europe. The analysis shows that the banks haven't changed their financial and ownership structure. Some changes in strategy are not adequate to formulate the opinion that the banking sector in Europe is different than the one before it.

Keywords: Banks, Europe, Mergers, Crises

JEL Classification: G15, G21, G34, G38

Suggested Citation

Lazarides, Themistokles G. and Pitoska, Electra, The European Banking System Before and After the Crises (February 8, 2014). Available at SSRN: https://ssrn.com/abstract=2392816 or http://dx.doi.org/10.2139/ssrn.2392816

Themistokles G. Lazarides (Contact Author)

University of Thessaly ( email )

Larisa, Greece
Larisa, 41110
Greece
00302410684323 (Phone)

Electra Pitoska

Technological Educational Institute (TEI) of West Macedonia - Applied Informatics in Business and Economy ( email )

Koila
Kozani
Greece

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