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Persistent link: https://www.econbiz.de/10003699143
globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of … object is to assess if financial benefits of financial globalization are questionable until greater domestic financial … financial development benefits of financial globalization. The estimation approach consists of assessing the impact of financial …
Persistent link: https://www.econbiz.de/10011410250
Purpose - This study assesses the effect of time-dynamic financial globalisation uncertainty on financial development in 53 African countries for the period 2000-2011. Design/methodology/approach - Financial globalisation uncertainty is estimated as time-dynamic to capture business cycle...
Persistent link: https://www.econbiz.de/10011410631
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Over the past decade, the Single Supervisory Mechanism focused on making banks safer, resulting in stronger banks but limited euro area cross-border integration. We argue that overbanking hinders both cross-border integration for the EU and the development and integration of capital markets. In...
Persistent link: https://www.econbiz.de/10015073068
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The incomplete European market for financial services, the obstacles to its integration and the potential benefits from more integration are subject of this book which is largely focussing on retail markets. The analysis can be regarded as a modernised follow-up to the financial market part of...
Persistent link: https://www.econbiz.de/10013518823
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The present inquiry contributes to extant literature by simultaneously accounting for variations in financial development and financial globalisation in the assessment of hypothetical initial financial development conditions for the rewards of financial globalisation. For this purpose, we...
Persistent link: https://www.econbiz.de/10011651148