This study seeks to empirically explore whether the regulatory quality in the NMS-10 impacts deepening international financial integration and whether the strengthening of regulatory quality for NMS-10 has a causal effect on the level of international ...
Ahmić Azra, Isović Ilma
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Financial development and investment market integration: An approach of underlying financial variables & indicators for corporate governance growth empirical approach [PDF]
Financial development is correlated with several underlying regulatory variables (such as indicators of investor protection, market transparency variables for corporate governance growth and rules for capital market development), which are under the ...
Vojinovič Borut +1 more
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Comparison of the Effect of Financial Integration on Economic Growth of Developed and Developing Countries: Empirical Evidence from Generalized Method of Moments [PDF]
The wide range of impact has transformed economic growth into one the most important key variables in macroeconomic theories. In this survey, according to the hypothesis and empirical results of Grilli & Feretti (1995), the effect of financial ...
zahra Sadighi +2 more
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Bulgaria’s Path to the Euro: The Role and Legacy of the Currency Board [PDF]
Bulgaria’s monetary integration with Europe started with the creation of the currency board in 1997. This paper traces how hard constraints on central bank financing and money creation, combined with political consensus forged in crisis, restored ...
Charles Enoch, Anne-Marie Gulde
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A Theory of Monetary Union and Financial Integration [PDF]
Abstract Since the creation of the euro, capital flows among member countries have been large and volatile. Motivated by this fact, I provide a theory connecting the exchange rate regime to financial integration. The key feature of the model is that monetary policy affects the value of collateral that creditors seize upon default.
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Capital Flows in European Union on the Basis of International Investment Position – Selected Aspects
The paper aims at assessing the changes in flows of selected forms of capital under deepening financial integration in the European Union. EU Member States are divided into two groups: members of the euro area and those outside of it.
Iwona Maciejczyk-Bujnowicz
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East Asian Capital Markets: Integration and Convergence [PDF]
The article examines the interdependence of East Asian stock and bond markets. Hierarchical cluster analysis of bond markets of ten regional countries shows that the most similar ones are the following: Indonesia, Malaysia, the Philippines and Singapore.
Yana Valeryevna Dyomina
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Features of financial integration of the Eurasian Economic Union member states [PDF]
This work is devoted to the study of the issue related to the deepening and expansion of integration processes within the framework of the Eurasian Economic Union for sustainable development, constant technological renewal, increasing the ...
B. G. Khairov +2 more
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Integration of Financial Supervision [PDF]
The emergence of financial conglomerates and multinational financial institutions as well as the development of new financial products have raised concerns as to the ability of separate sectoral supervisors and different national authorities to effectively oversee financial markets.
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The study presents in a comprehensive way the effects that deregulation, internationalisation, integration, financial innovation and the development of the institutional investors have had on the Romanian stock market.
Alina Sargu
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