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Co-movements in EU banks’ fragility: a dynamic factor model approach

Brasili, Andrea; Vulpes, Giuseppe - EconWPA - 2004

reaching policy implications with regards to the structuring of banking supervision in Europe (i.e. it increases the scope for …

Persistent link: https://www.econbiz.de/10005561701

Financial Liberalization and Business Cycles: The Experience of Future EU Member States in the Baltics and Central Eastern Europe

Souza, Lucio Vinhas de - EconWPA - 2004

This paper extends the work of Kaminsky and Schmukler (2003) to the Baltic and Central Eastern European future Member States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of “emerging...

Persistent link: https://www.econbiz.de/10005062709

Do networks in the stock exchange industry pay off? European evidence

Hasan, Iftekhar; Schmiedel, Heiko - EconWPA - 2004

The economic theory of network externalities provides the rationale for this paper, which investigates whether adoption of network strategies in European stock exchanges creates additional value in the provision of trading services. Using unbalanced panel data from all major European exchanges...

Persistent link: https://www.econbiz.de/10005062710

How Important Are Foreign Banks in European Transition Countries? A Comparative Analysis

Bol, Hanneke; Haan, Jakob de; Scholtens, Bert; Haas, … - EconWPA - 2002

This paper analyses the development of the banking sector in twelve transition countries. Foreign banks have become …

Persistent link: https://www.econbiz.de/10005556660

Characterizing Asymmetric Information in International Equity Markets

Albuquerque, Rui; Bauer, Gregory; Schneider, Martin - EconWPA - 2004

This paper studies the international portfolio flows of US investors to examine the information structure of international equity markets. We use an empirical model of portfolio flows with both public and private information to extract measures of trades due to private information. We find that...

Persistent link: https://www.econbiz.de/10005125533

The Impact of News, Oil Prices, and International Spillovers on Russian Financial Markets

Hayo, Bernd; Kutan, Ali - EconWPA - 2002

This paper analyzes the impact of news, oil prices, and international financial market developments on daily returns on Russian bond and stock markets. First, there is some persistence in both bond and stock market returns. Second, we find that U.S. stock market returns Granger-cause Russian...

Persistent link: https://www.econbiz.de/10005134897

The Impact of News, Oil Prices, and Global Market Developments on Russian Financial Markets

Hayo, Bernd; Kutan, Ali - EconWPA - 2004

is the impact of U.S. stock returns on Russian financial markets. In addition, banking reform and interest rate …

Persistent link: https://www.econbiz.de/10005134951

Internal Versus External Convertibility and Developing-Country Financial

Paolera, Gerardo della; Taylor, Alan M. - EconWPA - 2000

Argentina’s money and banking system was hit hard by the Great Depression. The banking sector was awash with bad assets … focuses on the inside-outside money relationship in a system of fractional-reserve banking and gold-standard rules. This … banking system at a massive social cost. The parallels with recent developing-country crises are remarkable, and the …

Persistent link: https://www.econbiz.de/10005561092

Further evidence on the link between finance and growth: An international analysis of community banking and economic performance

Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004

We seek to contribute to both the finance-growth literature and the community banking literature by testing the effects …

Persistent link: https://www.econbiz.de/10005561768

Buitenlandse banken in Midden- en Oost-Europa. Aanwinst of risicofactor?

Haas, Ralph de; Lelyveld, Iman van - EconWPA - 2003

Sinds het begin van het transitieproces in Midden- en Oost-Europa is het belang van buitenlandse banken in de financiering van het lokale bedrijfsleven sterk toegenomen. Uit onze analyse, gebaseerd op een combinatie van BIS- en BankScopecijfers voor 11 transitielanden blijkt dat dochters van...

Persistent link: https://www.econbiz.de/10005124932