Morten Balling is Professor of Finance at the Aarhus School of Business, Denmark.Frank Lierman is Chief Economist at Dexia Bank, Belgium.Andy Mullineux is Professor of Global Finance, and Director of the Global Finance Research Group in the Department of Accounting and Finance at the Birmingham Business School, University of Birmingham, UK

• List of Figures List of Tables List of Contributors Acknowledgements List of Abbreviations Introduction 1. Strategic and Organizational Challenges in European Banking 2. Regulatory Capital Requirements and Financial Stability 3. Markets and Institutions: Managing the Evolving Financial Risk 4. Macroeconomic Consequences of Financial Market Regulation 5. The Changing Pattern of Payments in the United States 6. The East-West Efficiency Gap in European Banking 7. Foreign Acquisitions and Industry Wealth Effects of Privatisation: Evidence from the Polish Banking Industry 8. Electronic Payments and ATMs: Changing Technology and Cost Efficiency in Banking 9. Pricing Strategies in European Banking: Specialization, Technology and Intertemporal Smoothing 10. Bank Efficiency and Mis-specified Input Prices 11. Competition in a Highly Concentrated Banking Sector – Theoretical Empirical and Practical Considerations for the Netherlands 12. Strategic Management in Banking: In Medio Virtus 13. Do European Primarily Internet Banks Show Scale and Experience Efficiencies? 14. Bank Risks and the Business Cycle 15. House Prices and Consumer Lending 16. Capital Markets and Financial Integration in Europe Subject index Author Index

Morten Balling is Professor of Finance at the Aarhus School of Business, Denmark.Frank Lierman is Chief Economist at Dexia Bank, Belgium.Andy Mullineux is Professor of Global Finance, and Director of the Global Finance Research Group in the Department of Accounting and Finance at the Birmingham Business School, University of Birmingham, UK

• List of Figures List of Tables List of Contributors Acknowledgements List of Abbreviations Introduction 1. Strategic and Organizational Challenges in European Banking 2. Regulatory Capital Requirements and Financial Stability 3. Markets and Institutions: Managing the Evolving Financial Risk 4. Macroeconomic Consequences of Financial Market Regulation 5. The Changing Pattern of Payments in the United States 6. The East-West Efficiency Gap in European Banking 7. Foreign Acquisitions and Industry Wealth Effects of Privatisation: Evidence from the Polish Banking Industry 8. Electronic Payments and ATMs: Changing Technology and Cost Efficiency in Banking 9. Pricing Strategies in European Banking: Specialization, Technology and Intertemporal Smoothing 10. Bank Efficiency and Mis-specified Input Prices 11. Competition in a Highly Concentrated Banking Sector – Theoretical Empirical and Practical Considerations for the Netherlands 12. Strategic Management in Banking: In Medio Virtus 13. Do European Primarily Internet Banks Show Scale and Experience Efficiencies? 14. Bank Risks and the Business Cycle 15. House Prices and Consumer Lending 16. Capital Markets and Financial Integration in Europe Subject index Author Index

Morten Balling is Professor of Finance at the Aarhus School of Business, Denmark.Frank Lierman is Chief Economist at Dexia Bank, Belgium.Andy Mullineux is Professor of Global Finance, and Director of the Global Finance Research Group in the Department of Accounting and Finance at the Birmingham Business School, University of Birmingham, UK

• List of Figures List of Tables List of Contributors Acknowledgements List of Abbreviations Introduction 1. Strategic and Organizational Challenges in European Banking 2. Regulatory Capital Requirements and Financial Stability 3. Markets and Institutions: Managing the Evolving Financial Risk 4. Macroeconomic Consequences of Financial Market Regulation 5. The Changing Pattern of Payments in the United States 6. The East-West Efficiency Gap in European Banking 7. Foreign Acquisitions and Industry Wealth Effects of Privatisation: Evidence from the Polish Banking Industry 8. Electronic Payments and ATMs: Changing Technology and Cost Efficiency in Banking 9. Pricing Strategies in European Banking: Specialization, Technology and Intertemporal Smoothing 10. Bank Efficiency and Mis-specified Input Prices 11. Competition in a Highly Concentrated Banking Sector – Theoretical Empirical and Practical Considerations for the Netherlands 12. Strategic Management in Banking: In Medio Virtus 13. Do European Primarily Internet Banks Show Scale and Experience Efficiencies? 14. Bank Risks and the Business Cycle 15. House Prices and Consumer Lending 16. Capital Markets and Financial Integration in Europe Subject index Author Index