Abstract
We demonstrate that the European Monetary Union (EMU) increases cross-border depositing but not lending among EMU countries by 31%. While being a member of the European Union (EU) increases cross-border loans by 49%, cross-border deposit volumes are unaffected. (C) 2012 Elsevier B.V. All rights reserved.
Original language | English |
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Pages (from-to) | 91-93 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 118 |
Issue number | 1 |
DOIs | |
Publication status | Published - 1 Jan 2013 |
Keywords
- Cross-border banking
- Common currency effects
- Banking market integration
- Gravity model
- TRADE