In this article, using the data of 2008, we try to describe the impact of scale and product differentiation in 282 European banks. While evidence of the economies of scale is less clear, the results obtained using a translogarithmic function system show that significant economies of scope do exist even for new banking products like derivatives.
机构:
Univ London Royal Holloway & Bedford New Coll, Dept Econ, Egham TW20 0EX, Surrey, EnglandUniv London Royal Holloway & Bedford New Coll, Dept Econ, Egham TW20 0EX, Surrey, England
Heyes, AG
Liston-Heyes, C
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Univ London Royal Holloway & Bedford New Coll, Dept Econ, Egham TW20 0EX, Surrey, EnglandUniv London Royal Holloway & Bedford New Coll, Dept Econ, Egham TW20 0EX, Surrey, England