Search Results - subject_exact:"Financial integration"

Monetary asymmetry and ESG governance in the Eurozone : mapping evolving risk narratives through bibliometric analysis

Garefalakis, Alexandros; Angelaki, Erasmia; … - 2026

This paper investigates how monetary and ESG-related risks-especially those stemming from asymmetric policy transmission across Eurozone economies-have evolved over time, with a focus on the post-COVID-19 era. Using a mixed-method bibliometric analysis of 216 peer-reviewed articles (1996-2025),...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611568

One market, one supervision : rethinking the supervisory landscape for a truly integrated capital market in Europe

Carmassi, Jacopo; Dumora Lemair, Olivier; Evrard, Johanne; … - 2026

This paper provides an evidence-based assessment of the EU supervisory landscape by combining a comprehensive mapping of supervisory models and authorities with an analysis of capital market players across key sectors, including market infrastructures, asset management, and crypto-asset service...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628826

Financial and production integration in the macroeconomy

Brancati, Emanuele; Cao, Qingqing; Minetti, Raoul; Yi, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637922

The integration-contagion paradox : global linkages and crisis transmission in South Asian stock markets

Gajurel, Dinesh; Thapa, Bharat Singh - 2026

This study examines financial integration and contagion across South Asia's emerging and frontier markets during the 2001-2013 period, encompassing both the global financial and Eurozone crises. Employing a multi-factor asset pricing model within an EGARCH framework, we disentangle systematic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015652114

Dynamic convergence in equity markets : evidence from an open-developing economy

An Thi Thuy Duong - 2026

This paper examines the speed and stability of stock market convergence in an open developing economy, using Vietnam as the case. The study applies a β-convergence framework to weekly FTSE equity-indices from 2013 to 2025, estimating both full-sample and time-varying models, including...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667711

Capital markets union: a deep dive. Five measures to foster a single market for capital

Arampatzi, Alexia-Styliani; Christie, Rebecca; Evrard, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432229

Banking networks and economic growth: From idiosyncratic shocks to aggregate fluctuations

Kundu, Shohini; Vats, Nishant - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432258

ASEAN economic community through the years: Benchmarking, emerging trends, and future pathways

Quimba, Francis Mark A.; Barral, Mark Anthony A.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619377

Capital markets union: a deep dive : five measures to foster a single market for capital

Arampatzi, Alexia-Styliani; Christie, Rebecca; Evrard, … - 2025 - Revised May 2025

The European Union needs a single market for capital. Well-developed and integrated capital markets are necessary to support economic growth and resilience across the region, while offering benefits for businesses, households and financial stability. This paper examines the importance of the CMU...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015330329

Banking networks and economic growth : from idiosyncratic shocks to aggregate fluctuations

Kundu, Shohini; Vats, Nishant - 2025

This paper investigates the role of banking networks in the transmission of shocks across borders. Combining banking deregulation in the US with state-level idiosyncratic demand shocks, we show that geographically diversified banks reallocate funds from economies experiencing negative shocks to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333049

Branch banking and regional financial markets : evidence from prewar Japan

Hoffmann, Mathias; Okazaki, Tetsuji; Okubo, Toshihiro - 2025

In Japan in the 1920s, several financial crises and government policy led to bank mergers and the consolidation and expansion of branch networks. Using unique historical bank branch-level lending and deposit data, we show that branch banking integrated peripheral markets with the rest of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605373

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Branch banking and regional financial markets : evidence from prewar Japan

Hoffmann, Mathias; Okazaki, Tetsuji; Okubo, Toshihiro - 2025

Book / Working Paper

Social integration of immigrants in cities : theory and evidence from the European social survey

Hoffmann, Mathias; Okubo, Toshihiro; Okazaki, Tetsuji - 2025 - This version: March 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015329901

The economic impact of financial integration : a case of Chengdu-Chongqing economic circle

Dingyi Qin; Athakrit Thepmongkol - 2025

To explore the relationship between financial integration and economic growth in the 16 cities within China's Chengdu-Chongqing Economic Circle (CCEC) from 2010 to 2019, this paper utilizes the Principal Component Analysis (PCA) to identify the degree of financial agglomeration, the Wilson Model...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464178

Banking complexity in the global economy

Minetti, Raoul; Romanini, Giacomo; Ziv, Oren - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015573812

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Banking complexity in the global economy

Minetti, Raoul; Romanini, Giacomo; Ziv, Oren - 2025

Book / Working Paper

Monetary policy spillovers : is this time different?

Chen, Hongyi; Tillmann, Peter - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561360

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Monetary policy spillovers : is this time different?

Chen, Hongyi; Tillmann, Peter - 2024

Book / Working Paper

Financial integration and the transmission of monetary policy in the euro area

Duarte, João; Pires, Mariana N. - 2025

We study how financial integration shapes the transmission of monetary policy to consumer prices and output in the euro area. Using local projections, we document that the effect of financial integration is continuous: greater integration systematically strengthens the pass-through of monetary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592324

ASEAN economic community through the years : benchmarking, emerging trends, and future pathways

Quimba, Francis Mark A.; Barral, Mark Anthony A.; … - 2025

The ASEAN Economic Community (AEC) Blueprint 2025, aimed at fostering deeper regional integration, competitiveness, and economic resilience, has recently been adopted This paper provides an updated assessment of AEC and the Philippines' progress over the last five years, considering recent...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015585114

The dynamics of sovereign debt spreads : a comparative study of core and peripheral euro area economies

Agius, Kimberley Charlie; Aquilina, Christopher; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606055

The Gulfization of stock markets : evidence on regional spillovers from GCC to MENA, Asia, and Africa

Saito, Jun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558334

Enhancing financial inclusion through Shari'a-compliant microfinance : a case study of Al-Amal Microfinance Bank in Yemen

Hamadi, Mourad; Tebani, Abdelfateh; Hetatache, Abdeslam - 2025

This study explores the role of Shari'a-compliant microfinance in advancing financial inclusion and improving socio-economic conditions, with a particular focus on serving the financial needs of marginalised populations in rural areas. Through a case study of Al-Amal Microfinance Bank in Yemen,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015559991

The geography of capital allocation in the euro area

Beck, Roland; Coppola, Antonio; Lewis, Angus; Maggiori, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015199447

From global tensions to regional integration: An analysis of bond market convergence in East Asia

Duong, An Thi Thuy - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636064

The transmission of bank liquidity shocks: Evidence from the Eurosystem collateral framework

Hüttl, Pia; Kaldorf, Matthias - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014470219

International investment income: Patterns, drivers, and heterogeneous sensitivities

Donato, Giovanni; Tille, Cédric - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014584260

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International investment income: Patterns, drivers, and heterogeneous sensitivities

Donato, Giovanni; Tille, Cédric - 2024

Book / Working Paper

Financial integration and wage inequality : evidence from European countries

Yun, Jinyeong - 2024

In this paper, I study the impact of financial integration on between-firm wage inequality using an unbalanced panel for 20 European countries over the period 1999-2021. With the impulse response functions estimated using local projections, I find that financial integration, as measured by the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014636979

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Financial integration and wage inequality: Evidence from European countries

Yun, Jinyeong - 2024

Book / Working Paper

Private money and money market integration: The role of payments infrastructure in 19th century Switzerland

Kaufmann, Daniel; Stuart, Rebecca - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015072813

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Private money and money market integration: The role of payments infrastructure in 19th century Switzerland

Kaufmann, Daniel; Stuart, Rebecca - 2024

Book / Working Paper

Private money and money market integration : the role of payments infrastructure in 19th century Switzerland

Kaufmann, Daniel; Stuart, Rebecca - 2024

Using newly collected discount rate data for six Swiss cities, we find no evidence of increasing integration during a 30-year period of lightly regulated free banking. We attribute this to two structural issues: banks had incentives to protect their local monopolies, and the inherent instability...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015069683

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Private money and money market integration : the role of payments infrastructure in 19th century Switzerland

Kaufmann, Daniel; Stuart, Rebecca - 2024

Book / Working Paper

Analysing financial market integration between stock and precious metals indices

Manuel, Áureo; Dias, Rui; Galvão, Rosa; Varela, Miguel - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014632259

International investment income : patterns, drivers, and heterogeneous sensitivities

Donato, Giovanni; Tille, Cédric - 2024

Financial globalization has led to a large increase in international asset holdings. While the rise of associated dividend and interest flows has until now been muted by the decreasing trend in interest rates, this pattern could change, leading to a larger role of investment income flows in the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014633722

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International investment income : patterns, drivers, and heterogeneous sensitivities

Donato, Giovanni; Tille, Cédric - 2024

Book / Working Paper

International investment income : patterns, drivers, and heterogeneous sensitivities

Donato, Giovanni; Tille, Cédric - 2024

Book / Working Paper

The effects of climate change on labor and capital reallocation

Albert, Christoph; Bustos, Paula; Ponticelli, Jacopo - 2024 - This version: March, 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014548027

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The effects of climate change on labor and capital reallocation

Albert, Christoph; Bustos, Paula; Ponticelli, Jacopo - 2024 - This version: March, 2024

Edition: This version: March, 2024

Book / Working Paper

Unleashing international trade through financial integration : evidence from a cross border payment system

Cortes, Gustavo S.; Argentieri Mariani, Lucas; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014529515

The transmission of bank liquidity shocks : evidence from the Eurosystem collateral framework

Hüttl, Pia; Kaldorf, Matthias - 2024

How does a shock to the liquidity of bank assets affect credit supply, cross-border lending, and real activity at the firm level? We exploit that, in 2007, the European Central Bank replaced national collateral frameworks by a single list. This collateral framework shock added loans to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014467917

The impact of natural disasters on bank performance and the moderating role of financial integration

Nguyen, Dung Thuy Thi; Diaz-Rainey, Ivan; Roberts, Helen; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014446218

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

Fetai, Besnik - 2024

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, ebvufind01.dmz1.zbw.eu/10014516272

Testing the diversifying asset hypothesis between clean energy stock indices and oil price

Dias, Rui; Galvão, Rosa Morgado; Cruz, Sandra; Irfan, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015135718

From global tensions to regional integration : an analysis of bond market convergence in East Asia

An Thi Thuy Duong - 2024

Against the backdrop of the Russia-Ukraine (R-U) conflict, this paper investigates the convergence process of the bond market in East Asia from 2010 to 2024, focusing on the impact of the R-U crisis on bond yield convergence. Our findings show convergence toward both benchmarks, with an...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015152851

How consistent are measures of financial liberalization in assessing its impact on bank cost efficiency? : a cross-country empirical analysis

De Vita, Glauco; Tanna, Sailesh K.; Luo, Yun - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015187442

Interest rate pass‑through and monetary policy transmission in SADC and EAC countries : implications for monetary union

Oyetade, Damilola; Redda, Ephrem Habtemichael; … - 2024

Southern African Development Community (SADC) and East African Community (EAC) countries are exploring the feasibility of establishing a monetary union. This study assesses the economic integration in the two blocs, using the interest rate pass‑through mechanism to determine the convergence of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190743

The Geography of Capital Allocation in the Euro Area

Beck, Roland; Coppola, Antonio; Lewis, Angus J.; … - 2024

We assess the pattern of Euro Area financial integration adjusting for the role of "onshore offshore financial centers" (OOFCs) within the Euro Area. The OOFCs of Luxembourg, Ireland, and the Netherlands serve dual roles as both hubs of investment fund intermediation and centers of securities...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014512129

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The geography of capital allocation in the euro area

Beck, Roland; Coppola, Antonio; Lewis, Angus; Maggiori, … - 2024

Book / Working Paper

EU-med capital market integration and the EU's covered bonds directive

Lucke, Bernd - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437567

Financial market integration and the effects of financing constraints on innovation

Heller, David - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015564031

Eurozone resilience and the promise of market integration

Ringe, Wolf-Georg - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628031

Private money and money market integration : the role of payments infrastructure in 19th century Switzerland

Stuart, Rebecca; Kaufmann, Daniel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619852

Homemade Foreign Trading

He, Zhiguo; Wang, Yuehan; Zhu, Xiaoquan - 2026

Using cross-border holding data from all custodians in China's Stock Connect, we provide evidence that Chinese mainland insiders evade see-through surveillance by round-tripping via the program. Following the 2018 Northbound Investor Identification reform, the return predictability of northbound...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639416