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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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Financial market integration in a monetary union
Buch, Claudia M. - 2001
Persistent link: https://www.econbiz.de/10013261149
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Financial Dollarization
Ize, Alain; Levy-Yeyati, Eduardo Levy - 2004
We present a portfolio model of financial intermediation in which currency choice is determined by hedging decisions on both sides of a bank's balance sheet. We show that minimum variance portfolio (MVP) allocations provide a natural benchmark to estimate the scope for dollarization of assets...
Persistent link: https://www.econbiz.de/10014071951
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Cross-border bank flows and monetary policy
Correa, Ricardo; Paligorova, Teodora; Sapriza, Horacio; … - 2018
We analyze the impact of monetary policy on bilateral cross-border bank flows using the BIS Locational Banking Statistics between 1995 and 2014. We find that monetary policy in the source countries is an important determinant of cross-border bank flows. In addition, we find evidence in favor of...
Persistent link: https://www.econbiz.de/10011967372
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Asymmetric effects of global liquditiy expansion on foreign portfolio inflows, exchange rates, and stock prices
Rhee, Dong-eun; Yang, Da Young - In: Journal of East Asian economic integration 18 (2014) 2, pp. 143-161
Persistent link: https://www.econbiz.de/10010381419
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Capital Wars : The Rise of Global Liquidity
Howell, Michael J. - 2020 - 1st ed. 2020.
1. Introduction: Capital Wars -- 2. Global Money -- 3. Synopsis: A Bigger, More Volatile World -- 4. The Liquidity … footloose cash. Global Liquidity describes the gross flows of credit and international capital feeding through the world … integration reached before the First World War. Global Liquidity drives these markets: it is often determinant, frequently …
Persistent link: https://www.econbiz.de/10012399275
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Asymmetric effects of global liquidity expansion on foreign portfolio inflows, exchange rates, and stock prices
Dong-Eun, Rhee; Da Young, Yang - In: Journal of East Asian economic integration 18 (2014) 2, pp. 143-161
This paper examines the effects of global liquidity expansion on advanced and emerging economies by using panel VAR methodology. The results show that global liquidity expansion tends to boost economy by increasing GDP growth and stock prices. However, we find that the effects are asymmetric....
Persistent link: https://www.econbiz.de/10011568335
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Capital wars : the rise of global liquidity
Howell, Michael J. - 2020
footloose cash. Global Liquidity describes the gross flows of credit and international capital feeding through the world … integration reached before the First World War. Global Liquidity drives these markets: it is often determinant, frequently … theory of investment has never been more important. International spill-overs of these rapacious cross-border flows sets off …
Persistent link: https://www.econbiz.de/10012203184
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Transmission of monetary policy with heterogeneity in household portfolios
Luetticke, Ralph - 2018
Persistent link: https://www.econbiz.de/10012172468
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Explpring the use of the Kelly criterion for Basel capital requirement : an optimal and countercyclical appoach
Wong, Max C. Y. - In: Journal of risk management in financial institutions 8 (2015) 1, pp. 45-61
Persistent link: https://www.econbiz.de/10010526458