A New Metric for Banking Integration in Europe
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Corresponding author's email address: email@example.com This paper is to appear in an NBER volume entitled "Europe and the euro", edited by Alberto Alesina and Francesco Giavazzi. The paper was presented at the NBER summer institute pre-conference and the 2nd ZEW conference on banking integration and stability. Comments from participants, especially Massimiliano Affinito and Loretta Mester (discussants), Alberto Alesina, Olivier Blanchard, Ricardo Caballero and Francesco Giavazzi are gratefully acknowledged. Research assistance by Markus Balzer, Biliana Kassabova, Matthias Köhler and Marco Lo Duca is gratefully acknowledged. Gropp thanks the DFG (German Science Foundation) for research support and the Goethe University Frankfurt for its generous hospitality. Kashyap thanks the Initiative on Global Markets at the University of Chicago for financial support. The views in this paper are our own and not necessarily shared by any of the institutions with which we are affiliated with. All mistakes are ours alone. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.