Gropp, Reint; Kashyap, Anil K. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
the introduction of the common currency in the euro area, there is little evidence that a similar integration process is … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …