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Foreign banks and financial stability in emerging markets: Evidence from the global financial crisis

Vogel, Ursula; Winkler, Adalbert - 2010

Foreign banks have increased their market share in many emerging markets since the mid-1990s. We examine whether this contributed to financial stability in the respective host countries in the global financial crisis. Our results suggest that the stabilizing impact of foreign banks was limited...

Persistent link: https://www.econbiz.de/10010301322

Real convergence, financial markets, and the current account – Emerging Europe versus emerging Asia

Herrmann, Sabine; Winkler, Adalbert - 2008

distinct convergence clubs, with the euro area and the United States respectively at their core. In line with the theoretical …

Persistent link: https://www.econbiz.de/10011606240

Financial stability challenges in candidate countries - managing the transition to deeper and more market-oriented financial systems

Bracke, Thierry; Geis, André; Habib, Maurizio; Móré, … - 2008

This paper reviews financial stability challenges in the EU candidate countries Croatia, Turkey and the former Yugoslav Republic of Macedonia. It examines the fi nancial sectors in these three economies, which, while at very different stages of development and embedded in quite diverse economic...

Persistent link: https://www.econbiz.de/10011606247

Globale Ungleichgewichte, Wechselkursregime und Finanzkrise

Winkler, Adalbert - In: Wirtschaftsdienst 88 (2008) 11, pp. 723-731

Als Ursache für die internationale Finanzkrise werden immer wieder die globalen Zahlungsbilanzungleichgewichte genannt …. Wie belastbar ist dieser Erklärungsansatz, auch vor dem Hintergrund zunehmender Ungleichgewichte in der Euro-Zone – also … in Staaten, die den Wechselkurs ihrer Währungen am Euro orientieren? Mit welchen Problemen werden die Schwellenländer bei …

Persistent link: https://www.econbiz.de/10010283178