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In just over a decade after independence, the three Baltic countries, Estonia, Latvia, and Lithuania, have transformed themselves into fully functioning, small open-market economies that will be joining the European Union. Capital Markets and Financial Intermediation in The Baltics analyzes the...
Persistent link: https://www.econbiz.de/10005248055
This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...
Persistent link: https://www.econbiz.de/10005248292
reviews the modernization of the banking sector and the development of competition within the sector, development of financial …
Persistent link: https://www.econbiz.de/10005252926
conglomeration, and explores the extent to which financial firm risk and systemic risk potential in banking are related to … concentrated banking systems. We outline research directions aimed at explaining why bank consolidation and conglomeration do not … necessarily yield either safer financial firms or more resilient banking systems. …
Persistent link: https://www.econbiz.de/10005253000
We document Hong Kong SAR's evolving role as an international financial center in the Asia region, the importance of the growing special link with China as well as supply-side advantages, and outline the scope for future financial services growth. Hong Kong SAR has a long established track...
Persistent link: https://www.econbiz.de/10005263822
This paper suggests a strategy designed to make best use of the available quantitative techniques of financial sector assessment. It incorporates early warning systems, financial sector forecasts, stress tests for systemically important financial institutions, interbank contagion analysis, and...
Persistent link: https://www.econbiz.de/10005263950
This paper analyzes through what channels the euro crisis has affected firm valuations globally. It examines stock price responses over the past year for 3045 non-financial firms in 16 countries to three key crisis events. Using pre-crisis benchmarks, it separates effects arising from changes in...
Persistent link: https://www.econbiz.de/10009327863
Purpose – Previous academic literature indicates that the case of the banking crises recovery, in view of implemented … banking sectors operate, and in which financial crises persist. Therefore, the aim of this study is to prioritize … financial turmoil. In order to elicit most accurate results and fill in the gap in existing literature on banking crises, the …
Persistent link: https://www.econbiz.de/10009350779
Persistent link: https://www.econbiz.de/10011799749
Persistent link: https://www.econbiz.de/10011799755