| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7343 |
| DP7343 Introducing the Euro-STING: Short-Term Indicator of Euro Area Growth | |
| Gabriel Pérez-Quirós; Máximo Camacho | |
| 发表日期 | 2009-06-28 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral banking linkages among twenty industrial countries in the past thirty years. We also construct a dataset that records the timing of legislative-regulatory harmonization policies in financial services across the European Union. We find that the euro's impact on financial integration is primarily driven by eliminating the currency risk. Legislative-regulatory convergence explains part of the total effect, whereas trade has no role in explaining the euro's positive effect on integration. |
| 主题 | International Macroeconomics |
| 关键词 | Euro exchange rate Financial integration Legislation Regulation Trade |
| URL | https://cepr.org/publications/dp7343 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536180 |
| 推荐引用方式 GB/T 7714 | Gabriel Pérez-Quirós,Máximo Camacho. DP7343 Introducing the Euro-STING: Short-Term Indicator of Euro Area Growth. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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