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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
institutional building steps as the Banking Union (BU) and Capital Markets Union (CMU). Their swift introduction suggests that BU …-effects materialised: 1) CMU twisted the balance against banking and in favour of financial markets; 2) BU is, de facto, weakening banking …
Persistent link: https://www.econbiz.de/10012153491
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Does financial integration matter during financial crises? : a comparative analysis of economies of developing countries
Fetai, Besnik - In: Prague economic papers : a bimonthly journal of … 33 (2024) 1, pp. 60-78
Using developing countries in Europe for context, this study examines the complex relationship between financial crises and financial integration. We use panel data comprising 37 countries in Europe, including Iceland, Belarus, Ukraine, Turkey, and Russia from 2000-2019 and the general method of...
Persistent link: https://www.econbiz.de/10014516272
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Influence of the economic and financial condition of strategic shareholders upon the market value of commercial banks in the Polish banking sector
Korzeb, Zbigniew - In: E-Finanse : finansowy kwartalnik internetowy 10 (2014) 2, pp. 38-43
strategic shareholders upon the market value of commercial banks operating in the Polish banking sector. The analysis included … banking sector. …
Persistent link: https://www.econbiz.de/10010468354
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Securitization as a tool of bank liquidity and funding management before and after the crisis : the case of the EU
Kozak, Sylwester; Teplova, Olga - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 4, pp. 30-43
Before the financial crisis securitization was commonly considered an efficient way of replacing illiquid assets with liquid securities (ABS), in which the risk was supposed to be adequately compensated by the tranching techniques. However, with the emergence of the crisis investors became more...
Persistent link: https://www.econbiz.de/10010188000
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Europe needs more than a Capital Markets Union : focus on the integration of euro area sovereign debt markets
Breitenfellner, Andreas; Schuberth, Helene - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 9-20
“. While several reforms related to the institutional architecture of the euro area, such as major parts of the banking union …
Persistent link: https://www.econbiz.de/10012051172
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Integration in banking efficiency : a comparative analysis of the European Union, the Eurozone, and the United States banks
Kolia, Dimitra Loukia; Papadopoulos, Simeon - In: Journal of capital markets studies 6 (2022) 1, pp. 48-70
Purpose - This paper investigates the development of efficiency and the progress of banking integration in the European …, we apply a panel data model, in order to investigate the process of banking integration by testing for convergence and … for convergent clusters in banking efficiency. Findings - Our main findings show that the bank efficiency of the US is …
Persistent link: https://www.econbiz.de/10012887337
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Can the Capital Markets Union deliver?
Kotz, Hans-Helmut; Schäfer, Dorothea - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 89-98
Compared to the U.S., the euro area has been underperforming in the wake of the Great Financial Crisis (GFC). This holds especially true for peripheral euro area economies. Whereas the U.S. is characterised by a financial system dominated by arms’ length (capital-market oriented) interaction...
Persistent link: https://www.econbiz.de/10012051211
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The structure and integration of the European buyout industry
Cornelius, Peter - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 1, pp. 111-128
The European private equity market has expanded meaningfully over the past few decades, with leveraged buyouts having averaged more than 50 billion euros per year in 2010–2016. This paper examines investment flows within Europe, as well as between Europe and the rest of the world at two...
Persistent link: https://www.econbiz.de/10011916052
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Financial integration into EU : the Romanian case
Bozkurt, İbrahim; Akman, Engin - In: Amfiteatru economic : an economic and business research … 18 (2016) 42, pp. 269-285
The aim of this study is to investigate the determinants of integration between stock market of Romania and other stock markets of European Union (EU) countries. Correlations between the stock returns represent the level of integration between the stock markets. Empirical analysis are performed...
Persistent link: https://www.econbiz.de/10011842988
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The evolution of financial integration on selected European stock markets : a dynamic principal component approach
Majewska, Elżbieta; Olbryś, Joanna - In: Comparative economic research : Central and Eastern Europe 20 (2017) 4, pp. 45-63
The goal of this paper is to recognize the dynamics of financial integration across the European stock markets over the last two decades. We investigate two groups of markets: (1) three developed European markets in the U.K., France, and Germany; and (2) three emerging Central and Eastern...
Persistent link: https://www.econbiz.de/10011877162