کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
982394 1480481 2006 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Regional versus global integration of euro-zone retail banking markets: Understanding the recent evidence from price-based integration measures
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Regional versus global integration of euro-zone retail banking markets: Understanding the recent evidence from price-based integration measures
چکیده انگلیسی
We investigate the integration of euro-zone retail banking markets by comparing convergence and cointegration measures. As an innovation to the literature convergence measures are exposed to a difference-in-differences methodology which allows both, identifying the impact of the single currency and benchmarking euro zone-specific from global integration effects. We find that euro-zone convergence has largely been a result of integrating wholesale markets after the elimination of exchange rate risks. After 1999 integration is mainly observed for a restricted “convergence club” excluding Germany, Ireland and Belgium. Moreover, convergence is at least partly a global rather than euro zone-specific process.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Quarterly Review of Economics and Finance - Volume 46, Issue 3, July 2006, Pages 353-368
نویسندگان
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