Causes of Incomplete Integration and Consequences for Economic Policy
1. Auflage. Softcover version of original hardcover Auflage 2004,
Band: 328, 252 Seiten, Kartoniert, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 417 g
Reihe: Kieler Studien - Kiel Studies
Buch Globalization of Financial MarketsThe internationalization of financial markets is one of the focal points in the discussion about recent globalization trends. These discussions suggest that capital can move freely between countries. However, there is ample evidence that national borders do matter and that there are many implicit and explicit barriers to integration. Understanding the factors that unify and that separate financial markets and thus reconciling these two stylized facts is at the core of this book. While the main focus of the empirical work is on banking industry, results are yet informative also with regard to developments in other financial market segments. Also, the book uses European financial integration as a case study for general integration trends.
Weitere Infos & Material
Motivation.- Integration of Financial Markets: Stylized Facts.- The Economics of International Banking.- Information Costs versus Regulations as Causes for Financial Segmentation.- The Impact of Financial Segmentation on Transmission Mechanisms.- Summary of Results and Policy Implications.