Results 1 to 10 of about 461,194 (167)
Financial Integration Without Financial Development. [PDF]
Atl Econ J, 2021 This paper shows that, in a two-country model, where the two economies differ in their level of financial market development, financial integration has sizable short- and medium-term effects, even in the absence of aggregate risks. Consistent with the Lucas paradox, the present work establishes that financial integration can reduce the speed of capital
Corneli F.
europepmc +4 more sources
Financial Integration and Liquidity Crises [PDF]
Management Science, 2019 This paper analyzes the effects of financial integration on the stability of the banking system. Financial integration allows banks in different regions to smooth local liquidity shocks by borrowing and lending on a world interbank market. We show under which conditions financial integration induces banks to reduce their liquidity holdings and to ...
Guido Lorenzoni +2 more
exaly +2 more sources
Convergence of the banking sector of the Republic of Serbia in the conditions of financial integration [PDF]
Bankarstvo, 2023 The process of financial integration is at the center of interest for all economic entities. A higher level of financial integration contributes to the improvement of the performance of national economies by reducing capital costs and improving the ...
Đurđević Andrijana, Furtula Srđan
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Financial Integration and International Dynamics: The Role of Volatility Shocks
Mathematics, 2023 This study investigates the impact of financial integration on international dynamics from the perspective of volatility shocks. By incorporating time-varying volatilities, recursive preferences, and a global bank into the IRBC model, it illustrates that
Aidi Tang
doaj +1 more source
Dollarization and Financial Integration [PDF]
SSRN Electronic Journal, 2007 How does a country's choice of exchange rate regime impact its ability to borrow from abroad? We build a small open economy model in which the government can potentially respond to shocks via domestic monetary policy and by international borrowing. We assume that debt repayment must be incentive compatible when the default punishment is equivalent to ...
Arellano, Cristina, Heathcote, Jonathan
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The Path to Euro Adoption: a Case Study of Slovenia and Slovakia [PDF]
Global Economic Observer, 2021 By the terms of their treaties of accession, the financial integration and the adoption of the euro became binding on all new Member States of the European Union.
DORINA CLICHICI
doaj
International Financial Integration [PDF]
IMF Staff Papers, 2003 In recent decades, foreign assets and liabilities in advanced countries have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to international debt stocks.
Philip R. Lane, Gian M Milesi-Ferretti
openaire +4 more sources
Canada's Strategy for Key Critical Raw Materials. Case Study: Copper and Graphite [PDF]
Global Economic Observer, 2023 Critical minerals are of strategic importance in the new economy based on innovation and sustainability, as their unique properties make them essential for a wide range of advanced technologies.
DANIEL BULIN
doaj
Financial and Real Integration [PDF]
SSRN Electronic Journal, 2008 We examine the relationship between real and financial integration. Real integration is measured by productivities of capital and labor from trade data for 1982 to 1997. Financial integration is measured by the black market exchange rate. We find more evidence of convergence to equality for returns to capital than for returns to labor.
Scott L. Baier, Gerald P. Dwyer
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Implications of the EU Sanctions for the Resilience of the Russian Financial System under the Current Geopolitical Environment [PDF]
Romanian Journal of European Affairs, 2023 The military invasion of Ukraine by the Russian Federation turned into Europe's most prominent military conflict since World War II, severely modifying the economic and financial relations between the European Union (EU) and the Russian Federation. Since
Dorina Clichici +1 more
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