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This paper explores the extent to which financial liberalization in the euro area had a differentiated impact on members' private consumption patterns and in turn on their current account positions as a function of who got indebted in the first place. Theoretically, it builds on an...
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services, Foreign Direct Investment . net inflows, savings). Part four highlights the results of the research alongside other … means of two catalytic factors: the dynamics of the domestic credit, respectively that of the savings, variables with a …
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In the present contribution, we concentrate on the process of financial liberalization in a specific context of European economic and monetary integration. We implement de facto and de jure measures of financial liberalization and find that formal aspects of financial openness generate a...
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The goal of this study is to identify empirically how country-level development, taking into account the financial and macroeconomic environment, affect the risk profiles of the banking sector in Europe. Through a dataset that covers 3,399 European banks spanning the period 1996-2011, and the...
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misleading results. Four determinants of savings are examined (GDP per capita, age dependency ratio on working group, inflation …
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