Globalization of Financial Markets: Causes of Incomplete Integration and Consequences for Economic Policy: 328 - Rilegato

Buch, Claudia M.

 
9783540406372: Globalization of Financial Markets: Causes of Incomplete Integration and Consequences for Economic Policy: 328

Sinossi

 The internationalization of financial markets is one of the focal points in the discussion about recent globalization trends. These discussions suggest that capital can move freely between countries. However, there is ample evidence that national borders do matter and that there are many implicit and explicit barriers to integration. Understanding the factors that unify and that separate financial markets and thus reconciling these two stylized facts is at the core of this book. While the main focus of the empirical work is on banking industry, results are yet informative also with regard to developments in other financial market segments. Also, the book uses European financial integration as a case study for general integration trends.

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Contenuti

Motivation.- Integration of Financial Markets: Stylized Facts.- The Economics of International Banking.- Information Costs versus Regulations as Causes for Financial Segmentation.- The Impact of Financial Segmentation on Transmission Mechanisms.- Summary of Results and Policy Implications.

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9783642073687: Globalization of Financial Markets: Causes of Incomplete Integration and Consequences for Economic Policy: 328

Edizione in evidenza

ISBN 10:  3642073689 ISBN 13:  9783642073687
Casa editrice: Springer, 2010
Brossura