Results
author = "Buch, Claudia M."
Financial Market Integration in the US: Lessons for Europe?
Author(s) :
Buch, Claudia M.
Description :
The introduction of the euro is expected to increase capital mobility in Euroland. While, as in the US, a common monetary policy is now performed, institutional structures are inherently more heterogenous. This paper argues that experience of the US with financial market integration can potentially ...
Repository :
EconStor
Language(s) :
English
Information or Regulation: What Is Driving the International Activities of Commercial Banks?
Author(s) :
Buch, Claudia M.
Description :
Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to national financial markets. This paper presents a simple model of the impact of these factors on banks? cross-border activities and provides empirical evidence. Our datase...
Repository :
EconStor
Language(s) :
English
Are Banks Different? Evidence from International Data
Author(s) :
Buch, Claudia M.
Description :
Pecking order models of international finance suggest that countries should become less reliant on international bank lending as they develop. Reduced information costs are one of the factors behind this trend towards disintermediation. This paper presents a simple model on the choice between bank d...
Repository :
EconStor
Language(s) :
English
Distance and International Banking
Author(s) :
Buch, Claudia M.
Description :
If the technological revolution which has taken place over the past decades has lowered information costs and if information costs increase in distance, distance should – ceteris paribus – become less important in determining international bank lending. We are using a dataset on assets and liabiliti...
Repository :
EconStor
Language(s) :
English
Business Cycle Volatility and Globalization: A Survey
Author(s) :
Buch, Claudia M.
Description :
The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the poss...
Repository :
EconStor
Language(s) :
English
Capital Mobility and EU Enlargement
Author(s) :
Buch, Claudia M.
Description :
The EU has recently entered accession talks with five transition economies of eastern Europe. Membership in the EU would require inter alia the full liberalization of capital flows. This paper provides empirical evidence on the openness towards foreign capital that the accession states have attained...
Repository :
EconStor
Language(s) :
English
Capital Market Integration in Euroland - The Role of Banks
Author(s) :
Buch, Claudia M.
Description :
The introduction of the euro marks a milestone in the process of European financial market integration. This paper analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of banks as providers of informational and of risk-diversifi...
Repository :
EconStor
Language(s) :
English
Why Do Banks Go Abroad? - Evidence from German Data
Author(s) :
Buch, Claudia M.
Description :
This paper provides empirical evidence on the determinants of foreign activities of German banks. We use regionally disaggregated panel data for the years 1981?98 and distinguish foreign direct investment from total foreign assets of domestic banks, of their foreign branches and their subsidiaries. ...
Repository :
EconStor
Language(s) :
English
Cross-Border Banking and Transmission Mechanisms: The Case of Europe
Author(s) :
Buch, Claudia M.
Description :
International activities of commercial banks are a potential source for the transmission of shocks across countries. In Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for financial institutions. This paper reviews the stylized fac...
Repository :
EconStor
Language(s) :
English
Financial Market Integration in a Monetary Union
Author(s) :
Buch, Claudia M.
Description :
Financial 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 inte...
Repository :
EconStor
Language(s) :
English