Showing 1 - 10 of 123,425
We construct an index of financial development for 23 Asian economies based on subindices of access, depth, and efficiency of financial institutions and markets and find evidence that economies with weaker financial systems are catching up to the Asian benchmark economies, namely Hong Kong,...
Persistent link: https://www.econbiz.de/10011305280
We investigate the financial crisis as a cut-off point in the evolution of financial systems in the European Union and in their convergence process. The crisis marked a turning point in the growth of banks and in the leveraging process of the economy. The evolution of financial systems in the...
Persistent link: https://www.econbiz.de/10012914871
potential among banking institutions in Asia using CoVaR and Granger causality network approaches. The empirical evidence for a … potential systemic crisis among Asia banks is ambiguous. The analysis reveals that the degree of interconnectedness has general … gone up among banks in Asia. Nevertheless, the causal network among the banks has become less dense after the global …
Persistent link: https://www.econbiz.de/10013005020
Persistent link: https://www.econbiz.de/10011563276
This paper investigates information embedded in the most liquid derivative instruments regarding the scope of convergence reported on the financial market in the emerging CEE countries. We present a proposal of the index that measures the scale of convergence between local and global derivative...
Persistent link: https://www.econbiz.de/10012956681
This paper aims to shed light on the emergence of systemic risk in credit systems. By developing an interbank market with heterogeneous financial institutions granting loans on different network structures, we investigate what market architecture is more resilient to liquidity shocks and how the...
Persistent link: https://www.econbiz.de/10011302383
The recent crisis has demonstrated the close linkages between various asset classes within a country as well as the association between assets internationally. The aim of this research is to provide for a better understanding of some of these linkages by conducting an empirical investigation of...
Persistent link: https://www.econbiz.de/10009750633
There is beauty in ethics, which in one of its declinations can be translated into this concept: there is beauty in undertaking the right action, even when nobody is watching. Within this, we can see an antidote to past failures, and an element necessary to attract the change that laws and...
Persistent link: https://www.econbiz.de/10012841696
This paper aims to shed light on the emergence of systemic risk in credit systems. By developing an interbank market with heterogeneous financial institutions granting loans on different network structures, we investigate what market architecture is more resilient to liquidity shocks and how the...
Persistent link: https://www.econbiz.de/10013018252
Questo lavoro ricostruisce serie storiche delle banche, degli istituti di emissione, della Cassa Depositi e Prestiti e degli intermediari non bancari dal 1861 al 2011. Le statistiche si riferiscono alle principali voci dei bilanci bancari, alla circolazione monetaria, alla raccolta postale, ai...
Persistent link: https://www.econbiz.de/10013084393