This paper undertakes an up-to-date assessment of evolution and convergence in market power over 2013 and 2018 in the Eurozone banking markets in view of the progress towards completing the banking union. The results show that average market power measured by the Lerner index displays an upward trend up until 2016 declining thereafter. Further findings by employing the panel convergence methodology of Philips and Sul (2007) fail to support the hypothesis of integration in the Eurozone banking markets through market power convergence. Furthermore, club clustering tests reveal presence of three sub-clusters of countries with different speeds of convergence.

中文翻译：

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欧洲银行业的市场力量演变和趋同：实证报告

鉴于完成银行业联盟的进展，本文对 2013 年和 2018 年欧元区银行业市场的市场力量演变和趋同进行了最新评估。结果表明，以勒纳指数衡量的平均市场力量在 2016 年之前呈上升趋势，此后呈下降趋势。使用 Philips 和 Sul (2007) 的小组收敛方法的进一步发现未能支持通过市场力量收敛在欧元区银行市场一体化的假设。此外，俱乐部聚类测试显示存在三个具有不同收敛速度的国家子集群。