Social Theory and Social Structure / Robert K. Merton

• Record Nr.: UNINA990003195900403321
• Pubbl/distr/stampa: New York : Free Press, 1966
• Edizione: [Revised and Enlarged Ed.]
• Descrizione fisica: XVIII, 645 p. ; 24 cm
• Disciplina: 21134
• Locazione: SES
• Collocazione: 21134 MER
• Lingua di pubblicazione: Italiano
• Formato: Materiale a stampa
• Livello bibliografico: Monografia

Economic Integration and Financial Stability : : A European Perspective / / Gianni De Nicolo, Alexander Tieman

• Record Nr.: UNINA9910959021503321
• Autore: De Nicolo Gianni
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2006
• ISBN: 9786613825544; 9781462341719; 1462341713; 9781452703718; 145270371X; 9781283513098; 1283513099; 9781451910094; 1451910096
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (30 p.)
• Collana: IMF Working Papers
• Altri autori (Persone): TiemanAlexander
• Soggetti: Fiscal policy - Europe - Econometric models; Finance - Europe - Econometric models; Actuarial Studies; Banking; Banks and Banking; Banks and banking; Banks; Depository Institutions; Finance; Finance: General; Financial Aspects of Economic Integration; Financial institutions; Financial Instruments; Financial integration; Financial markets; Financial risk management; Financial sector policy and analysis; General Financial Markets: General (includes Measurement and Data); General Financial Markets: Government Policy and Regulation; Income; Industries: Financial Services; Institutional Investors; Insurance Companies; Insurance companies; Insurance; International finance; Macroeconomics; Micro Finance Institutions; Mortgages; National accounts; Non-bank Financial Institutions; Pension Funds; Personal income; Personal Income, Wealth, and Their Distributions; Stock exchanges; Stock markets; Systemic risk; Europe Economic integration Econometric models; Europe Economic conditions Econometric models; Italy
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: "December 2006."
• Nota di bibliografia: Includes bibliographical references (p. 26-28).
• Nota di contenuto: ""Economic Integration and Financial Stability: A European Perspective""; ""Contents""; ""I. INTRODUCTION""; ""II. SYNCHRONIZATION OF REAL ACTIVITY""; ""III. EQUITY MARKETS INTEGRATION""; ""IV. SYSTEMIC RISK AND INTEGRATION""; ""V. CONCLUSION""; ""Table 1. EGARCH Estimates for the Common Components of IPG""; ""Table 2. EGARCH Estimates for Cross-Country Variances of IPG and De-Trended IPG""; ""Table 3. Country-by-Country EGARCH Estimates for IPG""; ""Table 4. Dependent Variables: Cross-Country Variance of IEDFs and Country IEDFs""; ""Table 5. Dependent Variables: Cross-Country Variance of Portfoliosâ€? DDs""""Table 6. Dependent Variable: Banks DDs Changes""; ""Table ; 7. Dependent Variable: Insurance DDs Changes""; ""Appendix Table 1. Banks and Insurance Companies""; ""REFERENCES""
• Sommario/riassunto: This paper assesses changes in synchronization of real activity and financial market integration in Western Europe and evaluates their implications for financial stability. We find increased synchronization of real activity since the early 1980s and increased equity markets integration since the early 1990s. We also find that measures of systemic risk at large European financial institutions have not declined during the period 1990-2004 and that bank systemic risk profiles have converged. At the same time, the sensitivity of bank and insurance systemic risk measures to common real and financial shocks has increased in most countries. Overall, these results suggest that the integration process does not necessarily entail an unambiguously positive effect on financial stability.