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Cross-border banking and transmission mechanisms : the case of Europe

Buch, Claudia M. - 2001

Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for …

Persistent link: https://www.econbiz.de/10011476387

Financial market integration in a monetary union

Buch, Claudia M. - 2001

Financial markets in Euroland differ from those of a national monetary union in two regards. First, capital markets in general and banking markets in particular show a greater degree of segmentation than national financial markets as a result of information costs and regulatory barriers to full...

Persistent link: https://www.econbiz.de/10011476407

Financial market integration in a monetary union

Buch, Claudia M. - 2001

Persistent link: https://www.econbiz.de/10013261149

Cross-border banking and transmission mechanisms in Europe : evidence from German data

Buch, Claudia M. - In: Applied financial economics 14 (2004) 16, pp. 1137-1149

Persistent link: https://www.econbiz.de/10002408911

Transmission of global financial shocks to EMU member states : the role of monetary policy and national factors

Gelman, Maria; Jochem, Axel; Reitz, Stefan - 2016

The paper analyses the transmission of global financial shocks to individual member states of the European Monetary Union (EMU), in which monetary policy is delegated to the ECB and financial markets are fully integrated. Using a panel VAR model, we show that the asymmetric effects of global...

Persistent link: https://www.econbiz.de/10011495568

Europe needs more than a Capital Markets Union : focus on the integration of euro area sovereign debt markets

Breitenfellner, Andreas; Schuberth, Helene - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 9-20

With a view to establishing a Capital Markets Union (CMU), efforts to integrate (private) capital markets and private risk-sharing in the European Union are underway. However, the single (capital) market will be burdened by a perennial potential threat to sovereign bond market stability in the...

Persistent link: https://www.econbiz.de/10012051172

Limited Participation, Nominal Volatility, and Risk Sharing : Monetary Union and Financial Development

Gaytan, Alejandro - 2006

This paper explores the effects of nominal volatility and limited participation in asset markets on the risk sharing possibilities available to agents. When the set of financial assets is a decision of agents and is constrained by the resources available for investment, limited participation and...

Persistent link: https://www.econbiz.de/10014058402

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

US vs. Euro Area : Who Drives Cross-Border Bank Lending to EMS?

Cerutti, Eugenio M. - 2019

This paper analyzes the drivers of cross-border bank lending to 49 Emerging Markets (EMs) during the period 1990Q1 … literature has traditionally highlighted the influence of US monetary policy on driving cross-border bank flows, and more … decrease in bank leverage, our results indicate a broad-based overall contraction of cross-border lending if the shock …

Persistent link: https://www.econbiz.de/10012859870

The end of grand expectations : monetary and financial integration after the crisis in Europe

Dieter, Heribert - 2014

number of weaknesses in the approach taken in the eurozone. In Europe, there was an unresolved tension between the so …

Persistent link: https://www.econbiz.de/10010367480