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Author: Gianni De Nicolo Publisher: ISBN: Category : Languages : en Pages : 7
Book Description
Countries in Western Europe have experienced increased synchronization of real activity since the early 1980s and increased financial integration since the early 1990s. What are the implications of this increased economic integration for financial stability? Measures of systemic risk at large European financial institutions indicate that risks to financial stability have not declined during the period 1990-2004, and that bank systemic risk profiles have become more similar.At the same time, the sensitivity of bank systemic risk measures to common real and financial shocks has increased in most countries. Overall, these results suggest that the integration process does not necessarily entail an unambiguously positive effect on financial stability.
Author: Gianni De Nicolo Publisher: ISBN: Category : Languages : en Pages : 7
Book Description
Countries in Western Europe have experienced increased synchronization of real activity since the early 1980s and increased financial integration since the early 1990s. What are the implications of this increased economic integration for financial stability? Measures of systemic risk at large European financial institutions indicate that risks to financial stability have not declined during the period 1990-2004, and that bank systemic risk profiles have become more similar.At the same time, the sensitivity of bank systemic risk measures to common real and financial shocks has increased in most countries. Overall, these results suggest that the integration process does not necessarily entail an unambiguously positive effect on financial stability.
Author: Gianni De Nicoló Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 34
Book Description
This paper assesses changes in synchronization of real activity and financial market integration in Western Europe and evaluates their implications for financial stability. We find increased synchronization of real activity since the early 1980s and increased equity markets integration since the early 1990s. We also find that measures of systemic risk at large European financial institutions have not declined during the period 1990-2004 and that bank systemic risk profiles have converged. At the same time, the sensitivity of bank and insurance systemic risk measures to common real and financial shocks has increased in most countries. Overall, these results suggest that the integration process does not necessarily entail an unambiguously positive effect on financial stability.
Author: Ewald Nowotny Publisher: Edward Elgar Publishing ISBN: 1781009503 Category : Political Science Languages : en Pages : 241
Book Description
ÔThe emergence of the BRICs and of China in particular has played an important if underappreciated role to the competitive difficulties of Greece, Portugal and other Southern European countries. The contributors to this volume warn that similar challenges now confront the economies of Eastern and South-Eastern Europe, many of which compete head to head with China in international markets. More reassuringly, the authors also specify an agenda for structural adjustment, product upgrading and deeper integration with Western Europe that offers hope for meeting the China challenge.Õ Ð Barry Eichengreen, University of California, Berkeley, US This important book discusses European integration in a global economic setting, investigating the impact of China and Russia as emerging global players in the catching-up process in Central, Eastern and South-Eastern Europe. The expert contributors focus on global imbalances and accompanying policy challenges, competitiveness and trade, the sustainability of current growth strategies, and banking and financial stability in the light of the global economic and financial crisis. They provide a multi-disciplinary assessment, combining the views of high-ranking central bankers, policymakers, commercial bankers and academics, and demonstrate that a broad view of European economic integration is crucial given that spillovers and contagion were major issues of the recent economic crisis. This book will prove an illuminating read for academics, researchers, students and policymakers with an interest in international economics, money, finance and banking and European studies.
Author: See Notes Publisher: The Minerva Group, Inc. ISBN: 0894991213 Category : Business & Economics Languages : en Pages : 384
Book Description
The increasingly integrated global economy presents both opportunities and challenges to national and international policymakers. Global economic integration is widely thought to improve the allocation of resources, promote technological transfer, and enhance living standards. But, at the same time, economic integration has frequently been associated with growing trade imbalances, increased financial market volatility, and less effective domestic macroeconomic policies.To identify domestic and international policies that will help nations around the world achieve the greatest net benefits from global integration, the Federal Reserve Bank of Kansas City sponsored a symposium, titled "Global Economic Integration: Opportunities and Challenges," at Jackson Hole, Wyoming, on August 24-26, 2000. The symposium brought together a distinguished group of central bankers, academics, and financial market representatives to discuss these issues.
Author: Sergi, Bruno Publisher: IGI Global ISBN: 152254027X Category : Business & Economics Languages : en Pages : 409
Book Description
The prosperity and stability of any economic structure is reliant upon a foundation of secure systems that regulate the movement of money across the globe. These structures have become an integral part of contemporary society by reducing monetary risk and increasing financial security. Regaining Global Stability After the Financial Crisis is a critical scholarly publication that examines the after-effects of the economic slowdown and the steps that have been taken to overcome the consequences of the slowdown as well as strategies to reduce its impact on economies and societies. Highlighting a wide range of topics including economic convergence, risk management, and public policy for financial stability, this book is geared toward academicians, practitioners, students, managers, and professionals in the financial sector seeking current research on regaining a sense of safety and security after a time of economic crisis.
Author: Klaus Liebscher Publisher: Edward Elgar Publishing ISBN: 1847203035 Category : Political Science Languages : en Pages : 570
Book Description
Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.
Author: Asian Development Bank Publisher: Asian Development Bank ISBN: 9292624199 Category : Business & Economics Languages : en Pages : 120
Book Description
The Asian financial landscape has grown more interconnected over the past 2 decades. Previous financial crises have shown how financial volatility can transmit rapidly across an interconnected financial network. Empirical analyses have shown, moreover, how financial volatility can reverberate across the macroeconomy. This report summarizes the lessons from past crises, reviews the evidence of the macrofinancial linkages and feedback effects of financial distress, and proposes policy considerations and coordinated responses to enhance financial stability and resilience.
Author: Sorhun, Engin Publisher: IGI Global ISBN: 1466673095 Category : Business & Economics Languages : en Pages : 379
Book Description
In theory, regionalism and globalization are intended to be viewed as two separate concepts. However, as long as the approaches complement each other, considering these paradigms in tandem can have significantly positive effects on the overall status of the world economy. Regional Economy Integration and the Global Financial System addresses recent trends in regional integration projects and the strides that such projects are making on the road toward globalization. Focusing on a range of economic projects, emerging supranational units, and possible implications for future trends, this book is an essential reference source for professionals, scholars, and institutions interested in the dynamic effects of regionalism and globalization.
Author: Roger Walton Ferguson Publisher: Centre for Economic Policy Research ISBN: 1898128979 Category : Economic stabilization Languages : en Pages : 217
Book Description
This new Geneva Report examines the main threats to international financial stability, focusing on the implications of major changes that have occurred in the global financial system in the past two decades.
Author: Gianni De Nicolo
Author: Gianni De Nicolo
Author: Gianni De Nicoló
Author: Ewald Nowotny
Author: See Notes
Author: Sergi, Bruno
Author: Klaus Liebscher
Author: Asian Development Bank
Author: Sorhun, Engin
Author: Mr.Yan Carriere-Swallow
Author: Roger Walton Ferguson