The Costs of Supervisory Fragmentation in Europe


Schüler, Martin ; Heinemann, Friedrich


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URL: http://ub-madoc.bib.uni-mannheim.de/937
URN: urn:nbn:de:bsz:180-madoc-9370
Document Type: Working paper
Year of publication: 2005
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: G28 ,
Subject headings (SWD): Europa , Kreditmarkt , Kosten
Abstract: Financial 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.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Schüler, Martin ; Heinemann, Friedrich (2005) The Costs of Supervisory Fragmentation in Europe. Open Access [Working paper]
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