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Both in global and European banking markets, banks and banking are undergoing fundamental changes. Deregulation, competition, technology and other developments have extended the frontiers of banking into the wider and ever-expanding financial services industry. Bank Strategies and Challenges in the New Europe brings together the work of leading European researchers in banking and finance in a blend of theory, practice and empirical study. The contributors situate banking within this new environment by exploring key issues such as the impact of technological advances, changes in delivery and payment systems, EMU and the convergence of EU banking sectors, competition, regional investment, offshore banking, capital adequacy and risk management.
List of contents
List of Tables List of Figures Preface Notes on the Contributors The Bank is Dead, Long Live the Bank; R.Shaw Technical Change in European Banking; Y.Altunbas & P.Molyneux Competitive Advantage Based on Information Technology in Banking; E.Fernández, J.M.Montes & C.J.Vásquez Emerging Methods of Payment; J.Revell Dimensions of Actions Distribution; M.R.Creemers Card Payments: Pricing and Competition; T.Lindblom The Unified European Banking Market and the Convergence of National Banking Sectors; E.Montanaro, C.Scala & M.Tonveronachi Product Mix of the Spanish Banking Firms: Do Competition Clubs Exist?; F.Pérez & E.Tortosa-Ausina Institutional Investment Flows and the Regions of the UK: A Case for a New Financial Infrastructure?; J.Williams Characteristics of International Financial Centres; J.Falzon Globalisation, Cross-Border Trade in Financial Services, and Offshore Banking: The Case of Ireland; P.Burke & R.Kinsella The Impact of CAR on Bank Capital Augmentation in Spain; Y.Altunbas, S.Carbo & E.P.M.Gardener The Management of Foreign Exchange Exposure and Interest Rate Exposures in a Number of UK and Swedish Firms 1985 and 1996; G.Bergendahl Fat Tails and the Effect of Optimal Asset Allocations; A.Lucas & P.Klaassen Index
About the author
YENER ALTUNBAS Research Fellow, South Bank University, London
GÖRAN BERGENDAHL Professor of Business Administration, Gothenburg University
PHILIP BOURKE Irish Banks' Professor, Banking and Finance, University College, Dublin
SANTIAGO CARBO Professor Titular, Department of Applied Economics, University of Granada
MARCEL R. CREEMERS Information Systems Management Professor, Vrije University, Amsterdam
JOE FALZON Head of the Department of Banking and Finance, University of Malta
ESTEBAN FERNÁNDEZ Professor of Business Administration, Oviedo University
RAY KINSELLA Professor of Banking and Financial Services, University of Ulster
PIETER KLAASSEN Vice President, Credit Risk Modeling, ABN-AMRO Bank, N.V. Amsterdam
TED LINDBLOM Professor and Director of Postgraduate Studies in Business Administration, University of Gothenburg
ANDRÉ LUCAS Research Fellow, Department of Finance, Vrije University, Amsterdam
PHILIP MOLYNEUX Professor, Banking and Finance and Director, Institute of European Finance, University of Wales, Bangor
ELISABETTA MONTANARO Professor of Banking, University of Siena
JOSE M. MONTÉS Assistant Professor, Business Administration, Oviedo University
FRANCISCO PÉREZ Professor of Economic Analysis, University of Valencia
JACK REVELL Professor Emeritus, University of Wales
CLAUDIO SCALA Professor of Statistics, University of Siena
RAY SHAW Director of Management Consultancy Company
MARIO TONVERONACHI Professor of Monetary Economics, University ofSiena
EMILI TORTOSA-AUSINA Teaching Assistant in Economics
CAMILO J. VÁZQUES Professor of Business Administration, Oviedo University
JONATHAN WILLIAMS Lecturer in Banking and Finance, University of Wales, Bangor
Summary
Both in global and European banking markets, banks and banking are undergoing fundamental changes.