Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/27647 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorFecht, Falkoen
dc.contributor.authorGrüner, Hans Peteren
dc.contributor.authorHartmann, Philippen
dc.date.accessioned2009-08-12T07:30:04Z-
dc.date.available2009-08-12T07:30:04Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/27647-
dc.description.abstractThis paper studies the implications of cross-border financial integration for financial stability when banks' loan portfolios adjust endogenously. Banks can be subject to sectoral and aggregate domestic shocks. After integration they can share these risks in a complete interbank market. When banks have a comparative advantage in providing credit to certain industries, they will exploit the enhanced risk sharing opportunities through more specialization in lending. The enhanced concentration in lending does not increase risk, because a well-functioning interbank market allows to achieve the necessary diversification. The greater need for risk sharing through it increases, however, the risk of cross-border contagion. Better risk sharing and greater risk of contagion tend to offset each other and financial integration improves welfare since specialization benefits are realized.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2008,23en
dc.subject.jelG21en
dc.subject.jelD61en
dc.subject.jelE44en
dc.subject.ddc330en
dc.subject.keywordFinancial integrationen
dc.subject.keywordspecializationen
dc.subject.keywordinterbank marketen
dc.subject.keywordfinancial contagionen
dc.subject.stwInternationaler Finanzmarkten
dc.subject.stwMarktintegrationen
dc.subject.stwGeldmarkten
dc.subject.stwKreditgeschäften
dc.subject.stwArbeitsteilungen
dc.subject.stwAnsteckungseffekten
dc.subject.stwFinanzmarktkriseen
dc.subject.stwTheorieen
dc.subject.stwWelten
dc.subject.stwrisk sharingen
dc.titleFinancial integration, specialization and systemic risk-
dc.typeWorking Paperen
dc.identifier.ppn58984878Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:7562en

Datei(en):
Datei
Größe
429.58 kB





Publikationen in EconStor sind urheberrechtlich geschützt.