Showing 1 - 10 of 1,753
Financial integration is the process that has been occurring in the European Union for many years and that intensified after adoption of the common currency in 1999. This paper discusses the theoretical framework of financial integration, particularly the definition, typology, benefits and...
Persistent link: https://www.econbiz.de/10009353534
The aim of this article is to identify systemically important banks on a European scale, in accordance with the criteria proposed by the supervisory authorities. In this study we discuss the analytical framework for identifying and benchmarking systemically important financial institutions. An...
Persistent link: https://www.econbiz.de/10011107825
Towards the goal to gather a better understanding of the banking structure and the regulatory practices in place, the … questionnaire which was addressed to the States of the MEDA region. The questionnaire tackled various topics related to the banking … jurisdictions were asked to assess the compliance with the Core Principles for Effective Banking Supervision (BIS 25) in their …
Persistent link: https://www.econbiz.de/10008543029
The current crisis has revealed the weaknesses of the global financial in general and its banking system in particular …, put forward a requirement for assessing the effectiveness and stability of the banking sectors across countries. Based on … available data from 64 countries over the world, the author tried to evaluate the effectiveness of the banking sectors in those …
Persistent link: https://www.econbiz.de/10011109543
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
To testify RIP, this study scrutinizes the mean-reversion behavior of bilateral real interest differentials (RIDs) in eight East Asian economies. We incorporate the ASEAN-5, South Korea and China (mainland) with the US and Japan taken as base countries. Four sub-samples within 1976-2004 are...
Persistent link: https://www.econbiz.de/10005835463
This paper demonstrates that, after integration, equity portfolios of countries that joined the European Monetary Union have converged at faster rate than those of NON EMU countries. This outcome canbe interpreted as a combination of the convergence of inflation rates and the convergence of...
Persistent link: https://www.econbiz.de/10005835584
The Indian government has taken a number of incremental measures to liberalize legal and administrative impediments to international capital movements in recent years. This paper analyzes the extent to which the effectiveness of capital controls in India, measured by the domestic less net...
Persistent link: https://www.econbiz.de/10005836349
The shift of perspective from a national basis to a Euro area basis, inevitably induced by EMU, has led member countries to a parallel shift from equity home bias to equity Euro bias. We interpret this evidence by means of a standard mean-variance portfolio selection model modified in order to...
Persistent link: https://www.econbiz.de/10005837092
The paper empirically analyzes stock market integration and the benefit possibilities of international portfolio diversification across the Southeast Asia (ASEAN) and U.S. equity markets. It employs daily sample of 6 ASEAN equity market indices and S&P 500 index as a proxy of U.S. market index...
Persistent link: https://www.econbiz.de/10011257815