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dc.contributor.authorSchüler, Martinen_US
dc.contributor.authorHeinemann, Friedrichen_US
dc.date.accessioned2009-02-16T14:48:45Z-
dc.date.available2009-02-16T14:48:45Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/24095-
dc.description.abstractFinancial markets in Europe become more and more integrated. The persisting fragmentation of financial supervision, however, constitutes a lasting obstacle to integration. The aim of this paper is to assess these costs of supervisory fragmentation. We find clear evidence for the existence of economies of scale in banking supervision. An increase in supervisory output by one percent causes institutional supervisory cost to rise by only some 0.5 percent. Based on these estimation results we predict institutional cost saving of around 15 percent in a plausible simulation scenario representing a cost-efficient European supervisory framework.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 05-01en_US
dc.subject.jelG28en_US
dc.subject.ddc330en_US
dc.subject.keywordfinancial supervisionen_US
dc.subject.keywordcostsen_US
dc.subject.keywordeconomies of scaleen_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwMarktintegrationen_US
dc.subject.stwBankenaufsichten_US
dc.subject.stwSoziale Kostenen_US
dc.subject.stwEuropaen_US
dc.titleThe Costs of Supervisory Fragmentation in Europeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn477276172en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:2892-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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