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This paper analyses cross-border contagion in a sample of European banks from January 1994 to January 2003. We use a … bank. We find evidence in favour of significant cross-border contagion. We also find some evidence that since the … introduction of the euro cross-border contagion may have increased. The results seem to be very robust to changes in the …
Persistent link: https://www.econbiz.de/10011604708
institutional building steps as the Banking Union (BU) and Capital Markets Union (CMU). Their swift introduction suggests that BU …-effects materialised: 1) CMU twisted the balance against banking and in favour of financial markets; 2) BU is, de facto, weakening banking …
Persistent link: https://www.econbiz.de/10012153491
This paper investigates how the withdrawal of banks from their cross-border business impacted the borrowing costs of European firms since the crisis. We combine aggregate information on total and cross-border credit with firm-level survey data for the period 2010 - 2014. We find that the decline...
Persistent link: https://www.econbiz.de/10011619597
The paper provides an overview over the law of the European banking market. It identifies the driving forces of market … integration, the regulatory steps towards its implementation and the directives on the integration of the European banking market …
Persistent link: https://www.econbiz.de/10013137782
This paper seeks to contribute to the research on the relationship between bank efficiency and European integration in the wake of the recent financial crisis. Using Stochastic Frontier Analysis and Data Envelopment Analysis approaches, the study estimates bank efficiency for different panels of...
Persistent link: https://www.econbiz.de/10013120374
On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...
Persistent link: https://www.econbiz.de/10011712197
Persistent link: https://www.econbiz.de/10013261150
financial institutions. This paper reviews the stylized facts of the integration of European banking markets and the changing … nature of cross-border banking. Although the openness of financial systems has increased, bilateral financial linkages among …
Persistent link: https://www.econbiz.de/10011476387
analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of …
Persistent link: https://www.econbiz.de/10010260522
Persistent link: https://www.econbiz.de/10013261042