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Who needs foreign banks?
Gros, Daniel - 2003
10 countries from Central and Eastern Europe (CEEC) that will join the EU in 2004/7 the banking system is now dominated …
Persistent link: https://www.econbiz.de/10011508110
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The dynamics of finance-growth-inequality nexus : theory and evidence for India
Pranab Kumar Das; Ganguli, Bhaswati; Marjit, Sugata; … - 2018
rate of growth of capital asset or income whether source of borrowing is bank or money lender. This is then formalized in a …
Persistent link: https://www.econbiz.de/10011952114
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Regional implications of financial market development : credit rationing, trade, and location
Ehrlich, Maximilian von; Seidel, Tobias - 2013
We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...
Persistent link: https://www.econbiz.de/10009690748
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Wars and markets : how bond values reflect World War II
Frey, Bruno S.; Kucher, Marcel - 1999
Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...
Persistent link: https://www.econbiz.de/10009781716
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Institutions, financial development, and small business survival : evidence from European emerging markets
Iwasaki, Ichirō; Kočenda, Evžen; Shida, Yoshisada - 2020
In this paper, we traced the survival status of 94,401 small businesses in 17 European emerging markets from 2007–2017 and empirically examined the determinants of their survival, focusing on institutional quality and financial development. We found that institutional quality and the level of...
Persistent link: https://www.econbiz.de/10012304241
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On the incidence of a financial transactions tax in a model with fire sales
Bierbrauer, Felix - 2012
This paper studies the impact of a financial transactions tax on a financial market where financial institutions trade with each other. Assets are marked to the market and financial institutions with negative equity are forced out of business. There are two main results: First, if all banks have...
Persistent link: https://www.econbiz.de/10009571254
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Systemic risk and the great depression
Das, Sanjiv R.; Mitchener, Kris; Vossmeyer, Angela - 2018
U.S. banking crisis of the 20th century. Our systemic risk measure captures both the credit risk of an individual bank … as well as a bank's position in the network. We construct linkages between all U.S. commercial banks in 1929 and 1934 so … banking crisis that occurred between 1930-33 raised systemic risk per bank by 33% and increased the riskiness of the very …
Persistent link: https://www.econbiz.de/10011952053
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The short-run and long-run effects of trade openness on financial development : some panel evidence for Europe
Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2021
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10012514560
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Financial integration and economic growth in Europe
Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2023
This study examines the impact of financial integration on economic growth in the case of 31 European countries over the period from 2000 to 2021 using dynamic panel data models. The estimation results provide evidence of significant positive effects of financial integration on economic growth....
Persistent link: https://www.econbiz.de/10014314278
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Future European alliance : Europe as a flexible democracy
Frey, Bruno S.; Steuernagel, Armin; Friedrich, Jonas - 2018
A reasonable future for Europe can only be achieved if two essential elements are fulfilled: Firstly, newly established …
Persistent link: https://www.econbiz.de/10011919540