Convergence of European Financial Systems PDF Download
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Author: Victor Murinde
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 22
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Book Description
Author: Victor Murinde
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 22
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Book Description
Author: Emilio Barucci
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Book Description
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 new millennium is not characterized by a convergence process towards a specific financial system. More properly, the dynamics can be interpreted as a credit-driven bubble that collapsed with the crisis, yielding a de-leveraging process in the economy. Along this path, there is some evidence of convergence across European countries, mostly before the crisis.
Author: Claudia Dziobek
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
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Book Description
Author: Anders Ogren
Publisher: Routledge
ISBN: 131731591X
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
This collection of essays aims to form a focused, original and constructive approach to examining the question of convergence and divergence in Europe.
Author: Reinhard H. Schmidt
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This paper provides an evolutionary perspective on financial systems based on complex systems theory. This perspective is used to organize the discussion about the convergence and non-convergence of financial systems. In recent years the discussion about the relative merits and the efficiency of market- and bank-based financial systems is subject to considerable academic and policy debate throughout the world. Bank- and market-based systems are found to give rise to different economic and corporate dynamics. Based on a notion of financial systems as configuration of complementary elements, it is suggested that the convergence of financial systems is best conceptualized as path dependent process of institutional change. This is illustrated with special reference to the recent developments of convergence of financial systems in Europe. The implication of the evolutionary perspective on financial systems is that neither theories using a simple evolutionary argument of survival of the fittest nor theories related to a institutional ossification perspective can provide much guidance for analyzing the transformations of financial systems. A multilevel institutional analysis which takes the interdependencies between national and firm-level institutions explicitly into account is required. (author's abstract).
Author: Gertrude Tumpel-Gugerell
Publisher: Edward Elgar Publishing
ISBN: 9781781951286
Category : Business & Economics
Languages : en
Pages : 498
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Book Description
Recoge : 1. Introductory session. - 2. Past convergence within the European Union. - 3. Accesion countries : achievements in real convergence. - 4. Accesion countries : how to balance real and nominal convergence challenges for monetary and exchange rate policy. - 5. Does the financial sector contribute to real growth? - 6. Is there somebody left out in the cold? prospects of CEE countries other than current accesion countries. - 7. Policy challenges within the (enlarged) EU : how to foster economic convergence?
Author: Vitor Gaspar
Publisher:
ISBN: 9789291813483
Category : Banks and banking
Languages : en
Pages : 334
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Book Description
Author: David G. Dickinson
Publisher: Edward Elgar Publishing
ISBN: 1781009996
Category : Business & Economics
Languages : en
Pages : 490
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Book Description
Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country data from these regions, Financial and Monetary Integration in the New Europe looks at the key issues for applicant countries as they negotiate the terms of their membership in the European Union. Of major concern to these countries is the financial sector and its implications for economic growth and the conduct of macroeconomic policy. The book examines, in particular, monetary and exchange rate policies, banking regulation and financial market efficiency. The overall impact of building a market driven financial system on economic development is also explored.
Author: Roman Matoušek
Publisher: Routledge
ISBN: 1136339698
Category : Business & Economics
Languages : en
Pages : 361
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Book Description
This edited collection assesses the level of financial integration in the European Union (EU) and the differences across the countries and segments of the EU financial system. Progress in financial integration is key to the EU’s economic growth and competitiveness and although it has advanced substantially, the process is still far from completion. This book focuses on the pace of financial integration in the EU with special emphasis on the new EU Member States and investigates their progress in comparison with ‘old’ EU countries. The book is the first of its kind to include and evaluate the effects of the global financial crisis on the process of EU financial integration. In particular, the book’s contributors address the issue of whether a high degree of financial integration contributed to the intensification of the financial crisis, or whether a low level of integration prevented countries and financial industries from some of the negative effects of the crisis. Although most of the chapters apply contemporary econometric tools, the technical part is always reduced to indispensable minimum and the emphasis is given to economic interpretation of the results. The book aims to offer an up to date and insightful examination of the process of financial integration in the EU today.
