Loading [MathJax]/jax/output/HTML-CSS/config.js
THIS IS THE DEV/TESTING WEBSITE IPv4: 3.16.214.124 IPv6: || Country by IP: GB
Journals
Resources
About Us
Open Access
Go to previous page

Do We Need More Financial Integration?

Do We Need More Financial Integration?

Year:    2014

Author:    Schackmann-Fallis, Karl-Peter

Applied Economics Quarterly, Vol. 60 (2014), Iss. 2 : pp. 115–121

Abstract

Financial integration, in practice measured as a convergence of indicators, for example prices, on different markets like money, credit or government bond markets and is a goal which European policy makers intend to reach. Yet, the process was interrupted and even reversed by the global financial crisis. Insofar the crisis made clear that pure convergence wasn't just right. In this context we propose a different approach resulting in workable competition and economic growth: local banking structures. Since overly integrated markets bear huge downside risks, we show how the German banking market, mainly because of the business model of savings banks, overcame the crisis very quickly and grants much better access of external finance to small and medium-sized firms in an international perspective.

JEL Classification: G01, G21

You do not have full access to this article.

Already a Subscriber? Sign in as an individual or via your institution

Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.3790/aeq.60.2.115

Applied Economics Quarterly, Vol. 60 (2014), Iss. 2 : pp. 115–121

Published online:    2014-06

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    7

Author Details

Schackmann-Fallis, Karl-Peter Email

  1. Financial Technology: Review of Trends, Approaches and Management

    Abad-Segura, Emilio

    González-Zamar, Mariana-Daniela

    López-Meneses, Eloy

    Vázquez-Cano, Esteban

    Mathematics, Vol. 8 (2020), Iss. 6 P.951

    https://doi.org/10.3390/math8060951 [Citations: 39]