Chapter 8. Fragmentation of the Financial System
- Charles Enoch, Luc Everaert, Thierry Tressel, and Jianping Zhou
- Published Date:
- December 2013
- Luc Laeven and Thierry Tressel
An earlier version of this chapter appeared as a Technical Note on “Financial Integration and Fragmentation in the European Union” (European Union: Publication of Financial Sector Assessment Program Documentation), IMF Country Report No. 13, March 2013. The authors thank Charles Enoch, Luc Everaert, Daniel Hardy, Jianping Zhou, and European authorities (especially the European Commission and European Central Bank) for comments and Lindsay Mollineaux for excellent research assistance.