EUROPEAN BANKING ENLARGEMENT STRUCTURAL CHANGES OZLEM OLGU / AND RECENT DEVELOPMENTS Księgarnia

European Banking

Enlargement, Structural Changes and Recent Developments

Despite considerable progress on political and economic convergence over the last decade, the financial structures of the individual EU member states remain diverse. On the one hand, there was the introduction of the euro and on the other hand, an unprecedented enlargement from fifteen to twenty-seven countries. On top of this, Europe was hit hard by the recent global financial crisis.

Olgu looks at the impact of this crisis on the process of European financial integration and concludes that it has not been homogenous. She demonstrates that the segments with the highest degree of integration were affected most by the crisis. In many cases, a sharp reversal can be seen in the positive trend over the period 2007-2008. In particular, she looks at the recent wave of M&A's in the banking sector which has changed the number of banks, branches and employees as well as performance scores. Finally, Olgu also highlights that there may be different indicators and causes of financial crises including political and institutional nature as well as bank specific factors that may be relevant for a particular country at a particular moment.

ÖZLEM OLGU is Assistant Professor in Accounting and Finance at the Koc University, Turkey. She is Fellow of the British Academy and Research Fellow at the University of Leicester Efficiency and Productivity Research Centre (EPRC), UK. She is the author of Turkish Banking: Banking Under Political Instability and Chronic High Inflation (with Yener Altunbas and Alper Kara).

Table of Contents

Introduction
Creating a Functioning European Union
Enlargement of the European Union
Macroeconomic Structure of the EU Countries
Banking Structures of the EU Countries
Financial Integration, Efficiency and Balance Sheet Structure at European Banking Sector
Global Financial Crisis and State of European Banking Sector
Turkey- A Prospective Member Country
Concluding Remarks

288 pages, Hardcover

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