Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/17897 
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dc.contributor.authorBuch, Claudia M.en
dc.date.accessioned2009-01-28T15:00:13Z-
dc.date.available2009-01-28T15:00:13Z-
dc.date.issued2001-
dc.identifier.urihttp://hdl.handle.net/10419/17897-
dc.description.abstractFinancial markets in Euroland differ from those of a national monetary union in two regards. First, capital markets in general and banking markets in particular show a greater degree of segmentation than national financial markets as a result of information costs and regulatory barriers to full integration. Second, financial market structures differ among the members of Euroland, which potentially affects the transmission of (monetary) shocks. This paper provides a simple model of a currency union which takes these peculiarities into account, focusing on the interaction of financial structures, the degree of capital mobility, the transmission of shocks, and the portfolio choices of banks.en
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1062en
dc.subject.jelF36en
dc.subject.ddc330en
dc.subject.keywordmonetary unionen
dc.subject.keywordcapital mobilityen
dc.subject.keywordfinancial structuresen
dc.subject.keywordtransmission channelsen
dc.subject.keywordcommercial bankingen
dc.subject.stwFinanzmarkten
dc.subject.stwBanken
dc.subject.stwMarktintegrationen
dc.subject.stwInternationale Kapitalmobilitäten
dc.subject.stwWährungsunionen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwFinanzintermediären
dc.subject.stwInternationale Kreditvergabeen
dc.subject.stwPortfolio-Managementen
dc.subject.stwKapitalstrukturen
dc.titleFinancial Market Integration in a Monetary Union-
dc.typeWorking Paperen
dc.identifier.ppn85985373Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1062en
dc.identifier.printppn332499944en

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