Arbeitspapier
Financial Market Integration in a Monetary Union
Financial markets in Euroland differ from those of a national monetary union in two regards. First, capital markets in general and banking markets in particular show a greater degree of segmentation than national financial markets as a result of information costs and regulatory barriers to full integration. Second, financial market structures differ among the members of Euroland, which potentially affects the transmission of (monetary) shocks. This paper provides a simple model of a currency union which takes these peculiarities into account, focusing on the interaction of financial structures, the degree of capital mobility, the transmission of shocks, and the portfolio choices of banks.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1062
- Klassifikation
-
Wirtschaft
Financial Aspects of Economic Integration
- Thema
-
monetary union
capital mobility
financial structures
transmission channels
commercial banking
Finanzmarkt
Bank
Marktintegration
Internationale Kapitalmobilität
Währungsunion
Europäische Wirtschafts- und Währungsunion
Finanzintermediär
Internationale Kreditvergabe
Portfolio-Management
Kapitalstruktur
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buch, Claudia M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute of World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Buch, Claudia M.
- Kiel Institute of World Economics (IfW)
Entstanden
- 2001
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