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How does banking diversity fit in the general vision inspiring the joint process of Banking Union and Capital Markets Union?

Ferri, Giovanni; Neuberger, Doris - In: Vierteljahrshefte zur Wirtschaftsforschung 87 (2018) 4, pp. 25-37

The Global Financial Crisis (GFC: 2008–2009) and the Euro Sovereign Crisis (ESC: 2010–2012) seem a process of creative destruction for the European Union (EU). The huge damage provoked by the GFC and ESC was, in fact, followed by important institutional building steps as the Banking Union...

Persistent link: https://www.econbiz.de/10012153491

Reform of the European Union financial supervisory and regulatory architecture and its implications for Asia

Darvas, Zsolt M.; Schoenmaker, Dirk; Véron, Nicolas - 2016

European Union countries offer a unique experience of financial regulatory and supervisory integration, complementing various other European integration efforts following the second world war. Financial regulatory and supervisory integration was a very slow process before 2008, despite...

Persistent link: https://www.econbiz.de/10011613840

Financial Regulation, Financial Globalization and the Synchronization of Economic Activity

Kalemli-Ozcan, Sebnem - 2010

We identify the effect of financial integration on international business cycle synchronization, by utilizing a confidential database on banks' bilateral exposure and employing a country-pair panel instrumental variables approach. Countries that become more integrated over time have less...

Persistent link: https://www.econbiz.de/10013141875

Financial regulation, financial globalization and the synchronization of economic activity

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010

Persistent link: https://www.econbiz.de/10003986638

Financial regulation, integration and synchronization of economic activity

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010 - rev.

We investigate the effect of financial integration on the degree of international business cycle synchronization. For identfication, we use a confidential database on banks' bilateral exposure over the past three decades and employ a novel bilateral country-pair panel instrumental vari- ables...

Persistent link: https://www.econbiz.de/10008669981

A capital markets union for Europe : the relevance of banks and markets

Demary, Markus; Diermeier, Matthias; Haas, Heide - 2015

foster additional non-bank sources of finance, mobilize private savings more efficiently and enhance capital market … finances. In a CMU sovereign risks have to be treated adequately in bank regulation. Third, it should be assessed in advance … which sources of non-bank finance will be demanded by companies and will become systemic. We recommend an integrated …

Persistent link: https://www.econbiz.de/10011292921

Government banks and interventions in credit markets

Joaquim, Gustavo; Netto, Felipe; Ornelas, José Renato Haas - 2022 - This version: September 2022

We study a large-scale quasi-experiment in the Brazilian banking sector characterized by an unexpected and macroeconomically relevant increase in lending by commercial government banks. Using credit registry data, we find that this intervention led to a reduction in lending rates, but it did not...

Persistent link: https://www.econbiz.de/10013468219

Cross-border banking and transmission mechanisms : the case of Europe

Buch, Claudia M. - 2001

Persistent link: https://www.econbiz.de/10013261150

Cross-border banking and transmission mechanisms : the case of Europe

Buch, Claudia M. - 2001

Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for …

Persistent link: https://www.econbiz.de/10011476387

Syndicated Loans, Foreign Banking and Capital Market Development

Haselmann, Rainer F. H. - 2009

In this paper we examine the role of syndicated loan markets in financial market development in 24 European countries. We find credit spreads to be negatively related to market size in small markets and positively related in large financial markets. Syndicated loans play a different role in...

Persistent link: https://www.econbiz.de/10013158058