Results 21 to 30 of about 461,293 (266)
Financial Integration in the Context of the European Union
The Mongolian Journal of International Affairs, 2021 As the world continues to see various facets of financial integration, the topic has sparked a great deal of discussions among policy makers and economists.
Ariunaa Damdinsuren
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Financial (Dis)Integration [PDF]
SSRN Electronic Journal, 2006 This paper addresses the macroeconomic impact of international financial integration. I first provide empirical evidence that foreign banking penetration can be associated with a contraction of banking credit, especially in countries with poor credit markets.
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Financial Inclusion Disparities in the European Union [PDF]
Global Economic Observer, 2021 The European Union is a leader when it comes to various inclusion indicators. At first glance, this would suggest that the EU enjoys a high level of financial inclusion.
CRISTINA ZELDEA
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Welfare Effects of Financial Integration [PDF]
SSRN Electronic Journal, 2007 This paper compares four forms of inter-regional financial risk sharing: (i) segmentation, (ii) integration trough the secured interbank market, (iii) integration trough the unsecured interbank market, (iv) integration of retail markets. The secured interbank market is an optimal risk-sharing device when banks report liquidity needs truthfully.
Fecht, Falko +2 more
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Financial Integration and Systemic Risk [PDF]
SSRN Electronic Journal, 2005 Recent empirical studies criticize the sluggish financial integration in the euro area and find that only interbank money markets are fully integrated so far. This paper studies the optimal regional and/or sectoral integration of financial systems given that integration is restricted to the interbank market.
Fecht, Falko, Grüner, Hans Peter
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Uncovered Interest Parity in Central and Eastern Europe: Convergence and the Global Financial Crisis
Eesti Majanduspoliitilised Väitlused, 2012 This paper presents tests of uncovered interest parity in Croatia, the Czech Republic, Hungary, Poland and Romania; all countries in Central and Eastern Europe with floating exchange rates. Data are monthly and the trading horizon is three months.
Fabio Filipozzi, Karsten Staehr
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Financial Integration and External Sustainability [PDF]
SSRN Electronic Journal, 2012 ABSTRACTA stable net external position requires that the trade balance responds negatively to changes in the net external position. If financial integration makes financing external imbalances less costly, we expect slower external adjustment in more integrated economies.
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Financial Integration Without the Volatility [PDF]
SSRN Electronic Journal, 2008 Integration to international capital markets is one of the key pillars of development. However, capital flows also bring volatility to emerging markets. Are there mechanisms to reap the benefits of capital flows without being hurt by their volatility? Are current practices, such as large reserves accumulation, public deleveraging, and export promotion ...
Caballero, Ricardo J., Cowan, Kevin
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Macroeconomic aspects of financial liberalization [PDF]
Panoeconomicus, 2006 The positive and the negative macroeconomic aspects of the financial liberalization for the developing and emerging economies are well described in the present literature.
Mirdala Rajmund
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Financial Integration and Consumption Smoothing [PDF]
The Economic Journal, 2011 We test if financial integration improves household consumption smoothing using microeconomic data. We find that the process of financial market integration and liberalisation brought about by the introduction of the euro has not affected the sensitivity of consumption with respect to income shocks in Italy.
JAPPELLI, TULLIO, PISTAFERRI, LUIGI
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