European Banking [electronic resource] : Enlargement, Structural Changes and Recent Developments /
Olgu, Ö.author.
Despite considerable progress on political and economic convergence over the last decade, financial structures of individual countries within the EU remain diverse. This book considers the future prospects of the banking industry in the context of enlargement, application of the IFRS and a potential new member country, Turkey.
Description based upon print version of record.
Cover; Contents; List of Figures; List of Tables; Preface; List of Abbreviations; 1 Introduction; 2 Creating a Functioning European Union; Introduction; Origins of the EU, EMU and ECB; Deregulation during the 1980s and 1990s; The new currency: the euro; Conclusion; 3 Enlargement of the European Union; Introduction; History of the European Union enlargement; Euro-area enlargement; Recent progress in countries undergoing accession negotiations: Croatia, Turkey and the FYROM; Recent progress in future candidate countries; Conclusion; 4 Macroeconomic Structure of the European Union; Introduction
Population and immigration in the EUMacroeconomic structure of the EU member countries; Foreign direct investment (FDI); Macroeconomic structure of the EU candidate countries; Conclusion; Appendix; 5 Recent Structure of European Banking; Introduction; Regulatory developments in the EU banking sector; Structural changes in the EU banking sector; Consolidation in the EU banking sector; Market concentration in the EU banking sector; Snapshot of capacity indicators; Financial innovation in the EU banking sector; Conclusion; Appendix; 6 Performance of European Banks; Introduction
Financial integration in the EUEuropean financial markets; Efficiency and competition in the European banking sector; Profits and balance sheet structure of the European commercial banks; Income and cost structure of the European commercial banks; Conclusion; Appendix; 7 Global Financial Crisis and European Banking; Introduction; Causes of the global financial crisis 2008-2009; Global contagion; Global financial crisis and the EU; The European Framework for Action (EFA); European economic recovery plan; Financial help for troubled countries; Risks facing the European banking sector
Conclusion8 Turkey as an Accession Country; Introduction; Restructuring strategy of Turkish economy and banking sector; Interest of foreign investors in the Turkish banking sector FDI in Turkey vs Central and Eastern European countries; Turkey's membership negotiations; Turkey moves towards EU accession; Conclusion; 9 Concluding Remarks; Notes; Bibliography; Index
Includes bibliographical references and index.
Despite considerable progress on political and economic convergence over the last decade, financial structures of individual countries within the EU remain diverse. This book considers the future prospects of the banking industry in the context of enlargement, application of the IFRS and a potential new member country, Turkey.
Business enterprises—Finance.
Banks and banking.
Macroeconomics.
International business enterprises.
Finance.
International economics.
Business Finance.
Banking.
Macroeconomics/Monetary Economics//Financial Economics.
International Business.
Finance, general.
International Economics.