| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13440 |
| 来源ID | Working Paper 13440 |
| Financial Integration within EU Countries: The Role of Institutions, Confidence and Trust | |
| Mehmet Fatih Ekinci; Sebnem Kalemli-Ozcan; Bent Sorensen | |
| 发表日期 | 2007-09-27 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We investigate the degree of financial integration within and between European countries. We construct two measures of de-facto integration across European regions to capture "diversification" and "development" finance in the language of Obstfeld and Taylor (2004). We find evidence that capital market integration within the EU is less than what is implied by theoretical benchmarks and also less than what is found for U.S. states. We ask - why is this the case? Using country-level data for economic institutions, we find that these are not able to explain differences between countries. Using regional data from the World Values Surveys, we investigate the effect of "social capital" on financial integration among European regions. We find regions, where the level of confidence and trust is high, are more financially integrated with each other. |
| 主题 | International Economics ; International Factor Mobility ; International Macroeconomics |
| URL | https://www.nber.org/papers/w13440 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571113 |
| 推荐引用方式 GB/T 7714 | Mehmet Fatih Ekinci,Sebnem Kalemli-Ozcan,Bent Sorensen. Financial Integration within EU Countries: The Role of Institutions, Confidence and Trust. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13440.pdf（671KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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