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Growth: Financing New Growth in Europe” at Bocconi University, Milan. The present SUERF Study includes a selection of papers …
Persistent link: https://www.econbiz.de/10011689965
Europe from 1993 to 2008. The empirical analysis suggests that global as well as country specific factors are significant … cross-border loans from central and eastern Europe was more limited compared to Asia and Latin America, in large measure … because of the higher degree of financial and monetary integration in Europe, and relatively sound banking systems in the …
Persistent link: https://www.econbiz.de/10010301350
We suggest that foreign banks may represent a trade-off for their developing country hosts. A portfolio model is developed to show that a more diversified international bank may be one of lower, overall risk and less susceptible to funding shocks but may react more to shocks that affect expected...
Persistent link: https://www.econbiz.de/10010327056
This paper uses a large panel of bilateral bank flow data to assess how institutions and politics affect international capital -bank in particular- flows. The following key findings emerge: 1) The empirical "gravity" model is the benchmark in explaining the volume of international banking...
Persistent link: https://www.econbiz.de/10011604483
This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical …
Persistent link: https://www.econbiz.de/10010270480
Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether foreign bank assets change as a result of domestic and foreign macroeconomic shocks. We frame our empirical analysis in a standard new open economy macro model in...
Persistent link: https://www.econbiz.de/10010260537
Although domestic mergers and acquisitions (M&As) in the financial services industry have increased steadily over the past two decades, international M&As were relatively rare until recently. This paper uses a novel dataset of over 2,300 mergers that took place between 1978 and 2001 to analyse...
Persistent link: https://www.econbiz.de/10010260608
Higher education is in the position to save Europe by rendering a substantial contribution to sustainable economic …
Persistent link: https://www.econbiz.de/10010331415
Persistent link: https://www.econbiz.de/10011695744
mortality reductions. Using data from 19 compulsory schooling reforms implemented in Europe during the twentieth century, we …
Persistent link: https://www.econbiz.de/10010281040