The role of banks in financial integration: Evidence from new EU members

被引：0

作者：

Ryan C. ^{[1
]}

Horsewood N. ^{[1
]}

机构：

[1] European Research Institute, Department of Economics, University of Birmingham, Birmingham

来源：

International Economics and Economic Policy | 2009年 / 6卷 / 3期

关键词：

Credit rationing; EU enlargement; Financial services; Trade;

D O I：

10.1007/s10368-009-0129-0

中图分类号：

学科分类号：

摘要：

EU enlargement involves the simultaneous liberalisation of goods and financial markets. While the issue of free trade in capital versus goods has frequently been the subject of study in international economics, the emphasis has typically been on physical capital (machines etc) rather than financial capital. This paper considers this distinction in a world with asymmetric information, moral hazard and hence credit rationing, and explores the resulting ambiguous theoretical predictions via an econometric analysis of the entry of the Central and Eastern European Countries to the EU. © Springer-Verlag 2009.

引用

页码：235 / 258

页数：23

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