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Banking on the Euro: changes and challenges

William K. Templeton (Butler University, Indianapolis, Indiana, USA)
Charlotte Anne Bond (Butler University, Indianapolis, Indiana, USA)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 November 1999

Abstract

Considers the likely effects of EMU and the introduction of the euro on the “fragmented” European banking industry. Recognizes that transition to the euro will be expensive in terms of equipment, training, customer care etc.; and that some new products and services will be demanded (e.g. cross‐border cash management systems, euro‐denominated bonds etc.) while others will decline (e.g. foreign exchange hedging, commercial loans etc.). Refers to US experience to identify growth opportunities and discusses the current and future impact of increased competitition in the new market; and strategies for surviving it.

Keywords

Citation

Templeton, W.K. and Anne Bond, C. (1999), "Banking on the Euro: changes and challenges", Managerial Finance, Vol. 25 No. 11, pp. 17-26. https://doi.org/10.1108/03074359910766271

Publisher

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MCB UP Ltd

Copyright © 1999, MCB UP Limited