EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/24784
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorHeinemann, Friedrichen_US
dc.contributor.authorSchüler, Martinen_US
dc.date.accessioned2009-02-16T15:12:20Z-
dc.date.available2009-02-16T15:12:20Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/24784-
dc.description.abstractWith the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail financial markets is less advanced. For measuring financial market integration this distinction between wholesale and retail markets becomes crucial. There is a wide literature relating to integration of wholesale financial markets but just a few studies that try to measure integration in European retail markets. This paper, in a first step, gives a systematisation of the literature on measuring financial market integration with a focus on the distinction between wholesale and retail financial markets. In a second step, bivariate and multivariate cointegration techniques are used to assess the degree of integration in four loans and two deposit markets in the European Union. Finally, based on this analysis obstacles to financial market integration are discussed.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 02-22en_US
dc.subject.jelG15en_US
dc.subject.jelF36en_US
dc.subject.ddc330en_US
dc.subject.keywordFinancial Market Integrationen_US
dc.subject.keywordCointegrationen_US
dc.subject.keywordEuropean Unionen_US
dc.subject.stwRetail Bankingen_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwMarktintegrationen_US
dc.subject.stwKointegrationen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEU-Staatenen_US
dc.titleHow integrated are the European retail financial markets? A cointegration analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn345906381en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:875-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

Files in This Item:
File Description SizeFormat
dp0222.pdf542.28 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.