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Financial integration is the process that has been occurring in the European Union for many years and that intensified after adoption of the common currency in 1999. This paper discusses the theoretical framework of financial integration, particularly the definition, typology, benefits and...
Persistent link: https://www.econbiz.de/10009353534
The aim of this article is to identify systemically important banks on a European scale, in accordance with the criteria proposed by the supervisory authorities. In this study we discuss the analytical framework for identifying and benchmarking systemically important financial institutions. An...
Persistent link: https://www.econbiz.de/10011107825
Towards the goal to gather a better understanding of the banking structure and the regulatory practices in place, the … questionnaire which was addressed to the States of the MEDA region. The questionnaire tackled various topics related to the banking … jurisdictions were asked to assess the compliance with the Core Principles for Effective Banking Supervision (BIS 25) in their …
Persistent link: https://www.econbiz.de/10008543029
The current crisis has revealed the weaknesses of the global financial in general and its banking system in particular …, put forward a requirement for assessing the effectiveness and stability of the banking sectors across countries. Based on … available data from 64 countries over the world, the author tried to evaluate the effectiveness of the banking sectors in those …
Persistent link: https://www.econbiz.de/10011109543
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
This paper analyzes de-facto integration in some Emerging Market Economies based on behavior of deviations from Covered Interest Parity in the last 10 years. A price-based measure of de-facto integration provides crucial information for answering policy questions related to impact of capital...
Persistent link: https://www.econbiz.de/10011107674
This paper examines the relative importance of the global and regional markets for financial markets in developing countries, particularly during the US financial crisis and the European sovereign debt crisis. We examine the way in which the degree of regional (seven African markets combined),...
Persistent link: https://www.econbiz.de/10011107805
Although financial development may facilitate economic growth over the long term, financial underdevelopment remains a salient feature of even leading emerging or transition economies. In principle, openness to both international trade and finance may weaken resistance to major financial...
Persistent link: https://www.econbiz.de/10011108105
The goal of this paper is to analyse the interest rate differential as the possible main factor behind the capital inflows experienced by Costa Rica during the second semester of 2012. For this purpose, a panel data model for interest rate differential is estimated taking into consideration an...
Persistent link: https://www.econbiz.de/10011108144
The article argues that neither the EU member states, nor the EU candidate states give enough attention to the requirement of maintaining a high economic performance of their economies by convergence and competitiveness strategies, so that they could have "the capacity to cope with competitive...
Persistent link: https://www.econbiz.de/10011108218