Financial Market Integration in the US: Lessons for Europe?Inst. of World Economics, 2000 - 36 pages |
Common terms and phrases
argue asymmetries in information bank profitability banking assets banking industry banking markets banking supervision banking system Berger branching restrictions BUCH Bureau of Economic Cambridge capital controls capital flows cointegration commercial banks common currency correlation countries degree of capital degree of financial degree of integration degree of interregional deposit deregulation differences in institutional disintermediation economic barriers Economic Research NBER euro European Central Bank evidence expansion of banks financial integration financial market integration financial system Glass-Steagall Act home bias hypothesis impact income increased institutional structures Instituts für Weltwirtschaft integrated financial markets integration of financial interest parity conditions interregional capital mobility interstate branching investment banking Kiel Lessons for Europe markets in Europe members of Euroland monetary impulses monetary policy National Bureau Net Interest Income out-of-state financial institutions regional expansion regional interest rates regional shocks retail banking Review saving and investment Second Banking Directive significant tend tests Transmission Mechanism Unit Roots