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Credit market imperfection, lack of entrepreneurs and capital outflow from a developing economy

Marjit, Sugata; Mishra, Suryaprakash - 2020

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained economy and the resultant impact on the capital flows. In standard trade models the capital flows across countries are explained as a result of the rate of return differentials due...

Persistent link: https://www.econbiz.de/10012263312

Reform of the European Union financial supervisory and regulatory architecture and its implications for Asia

Darvas, Zsolt M.; Schoenmaker, Dirk; Véron, Nicolas - 2016

European Union countries offer a unique experience of financial regulatory and supervisory integration, complementing various other European integration efforts following the second world war. Financial regulatory and supervisory integration was a very slow process before 2008, despite...

Persistent link: https://www.econbiz.de/10011613840

Does financial integration matter during financial crises? : a comparative analysis of economies of developing countries

Fetai, Besnik - In: Prague economic papers : a bimonthly journal of … 33 (2024) 1, pp. 60-78

Using developing countries in Europe for context, this study examines the complex relationship between financial crises and financial integration. We use panel data comprising 37 countries in Europe, including Iceland, Belarus, Ukraine, Turkey, and Russia from 2000-2019 and the general method of...

Persistent link: https://www.econbiz.de/10014516272

Privatization, international asset trade and financial markets

Girmens, Guillaume - 2002

This paper evaluates the impact of privatization on the development of capital markets in a two-country general … systems) and voucher privatizations (in transition economies). It is shown how these two privatization methods can have an … international asset allocation strategies. We show that even a non-marketed privatization (free distribution of public assets to …

Persistent link: https://www.econbiz.de/10011598320

Privatization, international asset trade and financial markets

Girmens, Guillaume - 2002

Persistent link: https://www.econbiz.de/10011335781

The Politics of Financial Regulatory Agency Replacement

Kleibl, Johannes - 2013

As the global financial crisis has shown, regulatory agencies can at times spectacularly fail to fulfil their regulatory mandates. Yet, the conditions under which governments respond to regulatory failures by terminating and replacing their regulatory agencies have so far remained largely...

Persistent link: https://www.econbiz.de/10014169982

The impact of the euro on financial markets

Cappiello, Lorenzo; Hördahl, Peter; Kadareja, Arjan; … - 2006

We assess whether the euro had an impact first on the degree of integration of European financial markets, and, second, on the euro area term structure. We propose two methodologies to measure integration: one relies on time-varying GARCH correlations, and the other one on a regression...

Persistent link: https://www.econbiz.de/10011604644

Financial integration in East Asia : past, present and possible futures

Kaur, Inderjit N.; Singh, Nirvikar - 2013 - rev.

This paper reviews the East Asian experience with financial integration, how economies in the region have responded to shocks, and what they may do to continue to thrive in the future. It discusses openness to capital flows as a key aspect of financial integration, briefly considering the...

Persistent link: https://www.econbiz.de/10010195689

Lucas paradox and allocation puzzle : is the euro area different?

Herrmann, Sabine; Kleinert, Jörn - 2014

This paper examines the Lucas Paradox and the Allocation Puzzle of international capital flows referring to a panel data set of EMU countries and major industrialized and emerging economies. Overall, the results do not provide evidence in favour of the Lucas Paradox and the Allocation Puzzle....

Persistent link: https://www.econbiz.de/10010249651

Financial integration with heterogeneous beliefs

Rieger, Jörg - 2014

In this paper we study the effects of ﬁnancial integration on risk-sharing. Conventional macroeconomic theory suggests that the integration of ﬁnancial markets improves welfare. In contrast to the literature we assume that households have heterogeneous beliefs. Because of the differences in...

Persistent link: https://www.econbiz.de/10010396141