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CSEF - Center for Studies in Economics and Finance

1 March 1998 – 0000
The Industrial Organisation of Banking and Financial Markets in Europe

The Industrial Organisation and Financial Markets in Europe

This research project spans the related fields of banking, corporate finance and market microstructure, using the methods of game theory and information economics. The research is organised around three themes that are central for European financial integration. The first theme is “excessive competition” and systemic risk in banking. The second is the industrial organisation of securities markets and the relationship between share ownership structure and provision of liquidity in securities markets. The third theme is the industrial organisation of credit markets and the effect of bankruptcy schemes on borrowers’ incentives to repay.

This research is carried out with ECARES (Bruxelles), IDEI (Toulouse), CSIC (Barcelona) and FMG (London School of Economics), within the TMR network on "The Industrial Organization of Banking and Financial Markets in Europe"