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How Unique are US Banks? - The Role of Banks in Five Major Financial Systems
Hackethal, A. - 2000
disintermediation has gained tremendous popularity, especially among American observers. These observers argue that deregulation … measurement concept based on intermediation and securitisation ratios, the present article provides evidence which shows that … banking disintermediation is indeed a reality for the US financial system. This seems to indicate that American banks are not …
Persistent link: https://www.econbiz.de/10010316259
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Disintermediation and the role of banks in Europe: An international comparison
Schmidt, Reinhard H.; Hackethal, Andreas; Tyrell, Marcel - 1998
more similar? We find that there is neither a general trend towards disintermediation, nor towards a transformation from …
Persistent link: https://www.econbiz.de/10010316276
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Das Sub-Prime-Virus: Ursachen und Folgen der Finanzkrise
Pfingsten, Andreas - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 14-24
Ausgehend von problematischen Immobilien-Finanzierungen in den USA hat sich vor allem mittels Verbriefungsstrukturen eine Finanzkrise entwickelt und ausgebreitet. Im vorliegenden Beitrag werden einige begünstigende Faktoren und Produkte vorgestellt sowie Folgen für die Wirtschaft...
Persistent link: https://www.econbiz.de/10010377864
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Incentives and tranche retention in securitisation: a screening model
Fender, Ingo; Mitchell, Janet - 2009
This paper examines the power of different contractual mechanisms to influence an originator's choice of costly effort to screen borrowers when the originator plans to securitise its loans. The analysis focuses on three potential mechanisms: the originator holds a "vertical slice", or share of...
Persistent link: https://www.econbiz.de/10011506697
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Probleme des Finanzausgleichs III. Finanzausgleich im Rahmen der Europäischen Gemeinschaften
Pohmer, Dieter (contributor) - 1981
Persistent link: https://www.econbiz.de/10014492962
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The convergence of financial systems in Europe
Schmidt, Reinhard H.; Hackethal, Andreas; Tyrell, Marcel - 2001
Since the beginning of the 1990s, it has been widely expected that the implementation of the European Single Market would lead to a rapid convergence of Europe’s financial systems. In the present paper we will show that at least in the period prior to the introduction of the common currency...
Persistent link: https://www.econbiz.de/10010316232
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Financial structure and stability: An empirical exploration
Singh, Shikha; Sarma, Mandira - In: Journal of Central Banking Theory and Practice 9 (2020) S1, pp. 9-32
This paper attempts to investigate empirically whether financial and macroeconomic stability of economies are significantly affected by the structure of their financial systems, viz., bank-based and market-based structures. Using panel data estimations based on data from 82 countries for the...
Persistent link: https://www.econbiz.de/10014558479
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Changes in the structure of financial intermediation: Eastern-Central European developments in the light of global and European trends
Bethlendi, András; Mérő, Katalin - In: DANUBE: Law, Economics and Social Issues Review 11 (2020) 4, pp. 283-299
The article analyses the structural changes of the financial intermediary system of Eastern-Central European (ECE) countries, that joined the EU in 2004, namely the Czech Republic, Hungary, Poland, Slovakia and Slovenia (ECE5) in the light of global and European trends from 2004 to 2016. Its two...
Persistent link: https://www.econbiz.de/10012622671
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Financing policies of Croatian publicly listed firms
Grubisic Seba, Mihaela - In: UTMS Journal of Economics 4 (2013) 2, pp. 127-141
Croatia is a typical bank-based transition economy whose capital market has been primarily used for secondary trading purposes since its re-establishment in 1990s. Except for a couple of exceptions, public offers of shares and corporate bonds have been rather rate. Private offerings of shares...
Persistent link: https://www.econbiz.de/10010435976
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European social integration: From convergence of countries to transnational relations between peoples
Delhey, Jan - 2004
European countries are becoming increasingly politically integrated and the process of integration has accelerated in recent years. But how much social integration is there within the Community? This article supplies a definition of European social integration, and thereby lays down the...
Persistent link: https://www.econbiz.de/10010304173