Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101558
Authors: 
Grüner, Hans Peter
Hefeker, Carsten
Year of Publication: 
1994
Series/Report no.: 
Diskussionsbeiträge: Serie II, Sonderforschungsbereich 178 "Internationalisierung der Wirtschaft", Universität Konstanz 238
Abstract: 
Why do large European banks lobby for monetary union? We show in a game-theoretic model that monetary union can trigger a change in the structure of the market for international banking transactions with asymmetric effects on profits: large banks are induced to cooperate internationally and gain from European Monetaiy Union (EMU) while small banks are likely to lose. Monetary union can be interpreted as a device for large banks to push small banks out of the market for cross-border financial services.
Subjects: 
European Monetaiy Union
Interest Groups
Banking Policy
Bank Cooperation
JEL: 
E5
F3
G2
Document Type: 
Working Paper

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