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Persistent link: https://www.econbiz.de/10011646412
Purpose - The issue of which financial initial conditions are necessary to materialize the benefits of financial globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of financial threshold conditions in order to give...
Persistent link: https://www.econbiz.de/10011410250
and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities … Financial Development and Structure Database of the World Bank. …
Persistent link: https://www.econbiz.de/10011410631
dimensions identified by the Financial Development and Structure Database of the World Bank. The findings consistently reveal: (i …
Persistent link: https://www.econbiz.de/10011651148
Persistent link: https://www.econbiz.de/10009719570
Persistent link: https://www.econbiz.de/10012314088
This paper explores the effects of nominal volatility and limited participation in asset markets on the risk sharing … available for investment, limited participation and nominal volatility can generate an inefficiently small number of financial … assets. A monetary rule, such as a fixed exchange rate or monetary union, that reduces nominal volatility can foster the …
Persistent link: https://www.econbiz.de/10014058402
Im vergangenen Jahrzehnt gingen beträchtliche Kapitalströme aus den entwickelten Volkswirtschaften mit einem starken Kreditwachstum in den Ländern des westlichen Balkans, der Türkei und den GUS einher. Dennoch konnten fast alle Länder der Region ungeachtet ihrer unterschiedlichen...
Persistent link: https://www.econbiz.de/10003849952
This paper analyses some long-run macroeconomic effects of European financial integration. In particular we focus on the further reduction and abolition of crossborder barriers impeding the entry into the markets of banking and insurance products. We follow a theoretical as well as an empirical...
Persistent link: https://www.econbiz.de/10013136626
EU enlargement rests on the proven success of European unification. European monetary integration and the introduction of euro are probably the best examples of integration. The EU financial sector has been going through a large restructuring program in the last decades. There was a continuous...
Persistent link: https://www.econbiz.de/10014068608