Documents disponibles a la col·lecció

The Integration of EU banking markets / Jordi Gual (2004)  

Públic ISBD Títol : The Integration of EU banking markets : industrial organization Tipus de document : text imprès Autors : Jordi Gual, Autor Editorial : London : Centre for Economic Policy Research Data de publicació : 2004 Col·lecció : Discussion paper series núm. 4212 Nombre de pàgines : 41 p. ll. : il. Dimensions : 21 cm Nota general : Inclou bibliografia Disponible també en versió electrònica Idioma : Anglès (eng) Matèries : Bancs -- Unió Europea, Països de la Integració econòmica -- Unió Europea, Països de la Classificació : 41(4) Bancs. Tipologia-Europa Resum : The goal of this paper is to provide an assessment of the EU policies that pursue the creation of a single banking market. The paper evaluates the degree of integration of EU banking markets, the impact of the integration process on the conduct, the structure and the performance of the industry at the EU level, and discusses whether current policies are the most appropriate instruments for market integration. After comparing the key features of EU policy with alternative methods of market opening, the analysis stresses that market opening in regulated markets such as banking faces a difficult trade-off between respect for domestic preferences and the elimination of regulations that protect local competitors and are not justified on efficiency grounds. The paper also provides an overview of recent research which has looked at different indicators of market integration in EU banking. Finally, it analyzes the impact of integration policies on the conduct, the structure and the performance of the banking industry. The conclusion provides an integrative assessment, summarizing the key results of the paper and evaluating the extent to which the changes in the degree of integration and the performance of the industry imply that the EU single market policies have achieved their objectives. Enllaç al recurs electrònic : http://www.iese.edu/research/pdfs/DI-0504-E.pdf Format del recurs electrònic : Accés en línia Permalink : https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=notice_display&id=1 The Integration of EU banking markets : industrial organization [text imprès] / Jordi Gual, Autor . - London : Centre for Economic Policy Research, 2004 . - 41 p. : il. ; 21 cm. - (Discussion paper series; 4212) . Inclou bibliografia Disponible també en versió electrònica Idioma : Anglès (eng) Matèries : Bancs -- Unió Europea, Països de la Integració econòmica -- Unió Europea, Països de la Classificació : 41(4) Bancs. Tipologia-Europa Resum : The goal of this paper is to provide an assessment of the EU policies that pursue the creation of a single banking market. The paper evaluates the degree of integration of EU banking markets, the impact of the integration process on the conduct, the structure and the performance of the industry at the EU level, and discusses whether current policies are the most appropriate instruments for market integration. After comparing the key features of EU policy with alternative methods of market opening, the analysis stresses that market opening in regulated markets such as banking faces a difficult trade-off between respect for domestic preferences and the elimination of regulations that protect local competitors and are not justified on efficiency grounds. The paper also provides an overview of recent research which has looked at different indicators of market integration in EU banking. Finally, it analyzes the impact of integration policies on the conduct, the structure and the performance of the banking industry. The conclusion provides an integrative assessment, summarizing the key results of the paper and evaluating the extent to which the changes in the degree of integration and the performance of the industry imply that the EU single market policies have achieved their objectives. Enllaç al recurs electrònic : http://www.iese.edu/research/pdfs/DI-0504-E.pdf Format del recurs electrònic : Accés en línia Permalink : https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=notice_display&id=1

Exemplars

Codi de barres	Signatura topogràfica	Tipus de document	Localització	Secció	Estat	Volum	Nota
10111532	41(4) Gua	Llibre	Biblioteca IEF Ramon Trias Fargas	Biblioteca	Disponible Disponible

Documents electrònics

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Financial market integration and economic growth in the EU / Luigi Guiso (2004)

Públic ISBD Títol : Financial market integration and economic growth in the EU Tipus de document : text imprès Autors : Luigi Guiso, Autor ; Centre for Economic Policy Research, Editor Editorial : London : Centre for Economic Policy Research Data de publicació : 2004 Col·lecció : Discussion paper series núm. 4395 Nombre de pàgines : 58 p. ll. : taules Dimensions : 21 cm Nota general : Inclou bibliografia Idioma : Anglès (eng) Matèries : Desenvolupament econòmic -- Unió Europea, Països de la Classificació : 034(4) Desenvolupament de l'economia-Europa Resum : The diversity in the current degree of financial development across the EU can be a great opportunity at a time where this area is poised to become increasingly financially integrated. Integration should accelerate the development of the most backward financial markets, and allow companies from these countries to access more sophisticated credit and security markets. In line with a large recent literature, it is reasonable to expect that financial integration will have a ‘growth dividend’ in Europe. This Paper attempts to quantify this growth dividend, using both industry and firm-level data to estimate the empirical relationship between financial market development and growth, and to gauge how it will distribute itself across countries and sectors. Permalink : https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=notice_display&id=1 Financial market integration and economic growth in the EU [text imprès] / Luigi Guiso, Autor ; Centre for Economic Policy Research, Editor . - London : Centre for Economic Policy Research, 2004 . - 58 p. : taules ; 21 cm. - (Discussion paper series; 4395) . Inclou bibliografia Idioma : Anglès (eng) Matèries : Desenvolupament econòmic -- Unió Europea, Països de la Classificació : 034(4) Desenvolupament de l'economia-Europa Resum : The diversity in the current degree of financial development across the EU can be a great opportunity at a time where this area is poised to become increasingly financially integrated. Integration should accelerate the development of the most backward financial markets, and allow companies from these countries to access more sophisticated credit and security markets. In line with a large recent literature, it is reasonable to expect that financial integration will have a ‘growth dividend’ in Europe. This Paper attempts to quantify this growth dividend, using both industry and firm-level data to estimate the empirical relationship between financial market development and growth, and to gauge how it will distribute itself across countries and sectors. Permalink : https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=notice_display&id=1

Exemplars

Codi de barres	Signatura topogràfica	Tipus de document	Localització	Secció	Estat	Volum	Nota
10111533	034(4) Gui	Llibre	Biblioteca IEF Ramon Trias Fargas	Biblioteca	Disponible Disponible

The Real effects of financial integration / Jean Imbs (2004)

Públic ISBD Títol : The Real effects of financial integration Tipus de document : text imprès Autors : Jean Imbs, Autor Editorial : London : Centre for Economic Policy Research Data de publicació : 2004 Col·lecció : Discussion paper series núm. 4335 Nombre de pàgines : 48 p. ll. : taules Dimensions : 21 cm Nota general : Inclou bibliografia Idioma : Anglès (eng) Matèries : Cicles econòmics Classificació : 034 Desenvolupament de l'economia Resum : Fluctuations in GDP are more synchronized internationally than fluctuations in consumption, and they remain so even between financially-integrated economies, where the ranking should in theory be the reverse. This Paper shows this happens because correlations in GDP fluctuations rise with financial integration. Finance serves to increase international correlations in both consumption and GDP fluctuations, which explains the persistent gap between the two in the data. The positive association between financial integration and GDP correlation constitutes a puzzle, as theory suggests a negative relation if anything. Nevertheless, it prevails in the data even after the effects of finance on trade and specialization are accounted for. Permalink : https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=notice_display&id=1 The Real effects of financial integration [text imprès] / Jean Imbs, Autor . - London : Centre for Economic Policy Research, 2004 . - 48 p. : taules ; 21 cm. - (Discussion paper series; 4335) . Inclou bibliografia Idioma : Anglès (eng) Matèries : Cicles econòmics Classificació : 034 Desenvolupament de l'economia Resum : Fluctuations in GDP are more synchronized internationally than fluctuations in consumption, and they remain so even between financially-integrated economies, where the ranking should in theory be the reverse. This Paper shows this happens because correlations in GDP fluctuations rise with financial integration. Finance serves to increase international correlations in both consumption and GDP fluctuations, which explains the persistent gap between the two in the data. The positive association between financial integration and GDP correlation constitutes a puzzle, as theory suggests a negative relation if anything. Nevertheless, it prevails in the data even after the effects of finance on trade and specialization are accounted for. Permalink : https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=notice_display&id=1

Exemplars

Codi de barres	Signatura topogràfica	Tipus de document	Localització	Secció	Estat	Volum	Nota
10111534	034 Imb	Llibre	Biblioteca IEF Ramon Trias Fargas	Biblioteca	Disponible Disponible