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dc.contributor.authorSchüler, Martinen
dc.contributor.authorHeinemann, Friedrichen
dc.date.accessioned2009-02-16T14:48:45Z-
dc.date.available2009-02-16T14:48:45Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/24095-
dc.description.abstractFinancial markets in Europe become more and more integrated. The persistingfragmentation 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
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x05-01en
dc.subject.jelG28en
dc.subject.ddc330en
dc.subject.keywordfinancial supervisionen
dc.subject.keywordcostsen
dc.subject.keywordeconomies of scaleen
dc.subject.stwInternationaler Finanzmarkten
dc.subject.stwMarktintegrationen
dc.subject.stwBankenaufsichten
dc.subject.stwSoziale Kostenen
dc.subject.stwEuropaen
dc.titleThe Costs of Supervisory Fragmentation in Europe-
dc.typeWorking Paperen
dc.identifier.ppn477276172en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:2892en

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