Is full banking integration desirable?
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Otros documentos de la autoría: Arribas, Iván; Peiró-Palomino, Jesús; Tortosa-Ausina, Emili
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Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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INVESTIGACIONMetadatos
Título
Is full banking integration desirable?Fecha de publicación
2017-08Editor
ElsevierCita bibliográfica
ARRIBAS, Iván; PEIRÓ-PALOMINO, Jesús; TORTOSA-AUSINA, Emili. Is full banking integration desirable?. Journal of Banking & Finance, 2017.Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.sciencedirect.com/science/article/pii/S0378426617301887Versión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
We analyze the links between banking integration and economic development for a sample of
OECD countries. We measure banking integration considering indicators that merge not only
openness but also connectedness ... [+]
We analyze the links between banking integration and economic development for a sample of
OECD countries. We measure banking integration considering indicators that merge not only
openness but also connectedness with other banking systems. We plug these indicators into income
regressions, also controlling for other relevant variables considered by the literature. In contrast to
previous initiatives, this second stage explicitly takes into account the differing levels of economic
development of the countries in our sample, since the benefits of enhanced banking integration might
not be generalizable. To this end, we implement quantile regression, also considering the presence
of endogenous regressors. Results show that bank connectedness is more important for economic
development than bank openness, but the combined effect (i.e., banking integration) overall is positive
and significant. The quantile regression models used in the second stage show that the effects are
stronger for the poorest economies. [-]
Proyecto de investigación
Ministerio de Ciencia e Innovación (ECO2011-27227 and ECO2013-46550-R) ; the Generalitat Valenciana (ACOMP/2014/283, PROMETEOII/ 2014/046 and PROMETEOII/2014/054, ISIC/2012/021) ; Universitat Jaume I (P1.1B2014-17)Derechos de acceso
© 2017 Elsevier B.V. All rights reserved.
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info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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