Showing 1 - 10 of 11,843
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
the further reduction and abolition of crossborder barriers impeding the entry into the markets of banking and insurance …
Persistent link: https://www.econbiz.de/10013136626
macroeconomic environment, affect the risk profiles of the banking sector in Europe. Through a dataset that covers 3,399 European … heterogeneity of banking risk determinants. I examine the implications of bank leverage that manifest itself as spreading and … provides a causal link between risk in the banking sector and the growth of the financial market and macroeconomy. I apply four …
Persistent link: https://www.econbiz.de/10011760927
This paper analyzes sovereign risk shift-contagion, i.e. positive and significant changes in the propagation mechanisms … propagation of shocks in euro's bond yield spreads shows almost no presence of shift-contagion. All the increases in correlation …
Persistent link: https://www.econbiz.de/10010527055
We construct a new indicator of de facto financial integration in the EU. The resulting indicator is pro-cyclical as it evolves along the cyclical pattern of economic activity in the European Union. It is then appended to a set of relevant financial and macroeconomic variables, within a FAVAR...
Persistent link: https://www.econbiz.de/10013453687
This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate … interdependencies amongst the banking business in Europe and hence for the systemic risk potential. We employ several tests to assess … European banking business have become more similar and that the systemic risk potential has increased. …
Persistent link: https://www.econbiz.de/10011448270
This paper reports tests of hypotheses that a variety of interest rates and other measures from financial markets in countries belonging to the European Monetary Union (EMU) were converging prior to the introduction of the euro in January 1999. We expected to find convergence because of i)...
Persistent link: https://www.econbiz.de/10014140079
macroeconomic environment, affect the risk profiles of the banking sector in Europe. Through a dataset that covers 3,399 European … heterogeneity of banking risk determinants. I examine the implications of bank leverage that manifest itself as spreading and … provides a causal link between risk in the banking sector and the growth of the financial market and macroeconomy. I apply four …
Persistent link: https://www.econbiz.de/10012942850
This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … a country's vulnerability to contagion depends on "fundamentals" as opposed the government's "credibility"? We look at … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more …
Persistent link: https://www.econbiz.de/10011731038