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Capital market integration in Euroland : the role of banks
Buch, Claudia M. - 1999
The introduction of the euro marks a milestone in the process of European financial market integration. This paper … analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of … banks as providers of informational and of risk-diversification services. By eliminating exchange rate risks, the euro …
Persistent link: https://www.econbiz.de/10011475635
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Cross-border banking and transmission mechanisms : the case of Europe
Buch, Claudia M. - 2001
International activities of commercial banks are a potential source for the transmission of shocks across countries. In Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for financial institutions. This paper reviews the stylized...
Persistent link: https://www.econbiz.de/10011476387
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Real effects of financial market integration : evidence from an ECB collateral framework change
Hüttl, Pia; Kaldorf, Matthias - 2022
replaced national collateral lists with a single list specifying which assets euro area banks can pledge as collateral. Banks …
Persistent link: https://www.econbiz.de/10013279271
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Real effects of financial market integration : evidence from an ECB collateral framework change
Hüttl, Pia; Kaldorf, Matthias - 2022
replaced national collateral lists with a single list specifying which assets euro area banks can pledge as collateral. Banks …
Persistent link: https://www.econbiz.de/10013336407
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Financial market integration in a monetary union
Buch, Claudia M. - 2001
Financial markets in Euroland differ from those of a national monetary union in two regards. First, capital markets in general and banking markets in particular show a greater degree of segmentation than national financial markets as a result of information costs and regulatory barriers to full...
Persistent link: https://www.econbiz.de/10011476407
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Does financial integration make banks act more prudential? : Regulation, foreign owned banks, and the lender-of-last resort
Berger, Helge (contributor); Hefeker, Carsten (contributor) - 2006
We develop a simple model that looks at the incentives of private banks to behave prudentially and undertake costly efforts to lower the probability of bankruptcy or having to be bailed out by a lender of last resort. Government regulators can force banks to increase efforts beyond the privately...
Persistent link: https://www.econbiz.de/10003274864
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Firm or bank weakness? : access to finance since the European sovereign debt crisis
Corbisiero, Giuseppe; Faccia, Donata - 2020
This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery … representation of euro area firms of small and medium size. Our findings suggest that, while firm balance sheet factors have been …
Persistent link: https://www.econbiz.de/10012150099
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Convergence in the Activities of European Banks
Dahl, Drew; Shrieves, Ronald E.; Spivey, Michael F. - 2014
Cross-country integration of banking in Europe typically has been analyzed from the perspective of particular markets for financial products. We extend this research to consider the potential effects of market integration on the portfolio choices and financial structure of banks in seven...
Persistent link: https://www.econbiz.de/10014142799
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Asymmetric Adjustment of Commercial Bank Interest Rates in the Euro Area : An Empirical Investigation into Interest Rate Pass-Through
Sander, Harald; Kleimeier, Stefanie - 2001
on cointegration analyses allowing for structural breaks and symmetric as well as for a variety of asymmetric adjustment … Euro area are confirmed, our study provides evidence that not only the speed of adjustment differs but that the nature of …
Persistent link: https://www.econbiz.de/10014128699
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Asymmetric Adjustment of Commercial Bank Interest Rates in the Euro Area : An Empirical Investigation into Interest Rate Pass-Through
Sander, Harald; Kleimeier, Stefanie - 2001
This paper investigates the monetary transmission mechanism within the Euro area and is providing new evidence on the … error correction mechanism, which is obtained from cointegration analyses allowing for structural breaks and symmetric as …-through studies regarding an asymmetric monetary transmission mechanism within the Euro area, our study provides new evidence in two …
Persistent link: https://www.econbiz.de/10014122856