Konferenzbeitrag
Banking sectors' international interconnectedness: Implications for consumption risk sharing in Europe
Cross-border asset and liability holdings allow countries to insulate their consumption streams from idiosyncratic output shocks, i.e. consumption risk sharing. More cross-border asset holdings are associated with more risk sharing. By contrast, a bank’s interconnectedness is regarded as an indicator of its exposure to systemic risk. International interbank asset holdings could hence positively or negatively affect international consumption risk sharing. This paper provides evidence in favour of the latter hypothesis. A country’s ability to achieve consumption risk sharing decreases if banks located in that country are strongly linked to other countries’ banks.
- Sprache
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Englisch
- Erschienen in
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Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft: Lektionen aus der Krise - Session: Financial Integration ; No. G6-V1
- Klassifikation
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Wirtschaft
Financial Institutions and Services: General
Economic Integration
Financial Markets and the Macroeconomy
- Thema
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banking sector
cross-border assets
consumption risk sharing
interconnectedness
systemic risk
- Ereignis
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Geistige Schöpfung
- (wer)
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Nitschka, Thomas
- Ereignis
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Veröffentlichung
- (wann)
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2011
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Konferenzbeitrag
Beteiligte
- Nitschka, Thomas
Entstanden
- 2011