| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10805 |
| DP10805 Financial Fragmentation and Economic Growth in Europe | |
| Isabel Schnabel; Christian Seckinger | |
| 发表日期 | 2015-09-06 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Using industry data from Eurostat and applying the Rajan-Zingales methodology, we investigate the real growth effects of banking sector integration in the European Union. Our sample stretches from 2000 until 2012 and includes the phase of rapid financial integration before the global financial crisis as well as the following phase of financial fragmentation and bank deleveraging. We find evidence that banking sector integration had a more than four times stronger growth effect during the crisis than in normal times. Growth effects are also stronger in times of domestic bank deleveraging. We conclude that concerns of European policy makers about fragmentation in the European banking sector are justified and that future reintegration is an important building block of future growth perspectives in the European Union. |
| 主题 | Financial Economics ; International Macroeconomics |
| 关键词 | European union Financial crisis Financial fragmentation Financial integration Foreign banks Rajan-zingales methodology Cross-border lending Economic growth |
| URL | https://cepr.org/publications/dp10805 |
| 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/539635 |
| 推荐引用方式 GB/T 7714 | Isabel Schnabel,Christian Seckinger. DP10805 Financial Fragmentation and Economic Growth in Europe. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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