المستودع الأكاديمي جامعة المدينة

Financial Liberalization and Business Cycles: The Experience of Countries in the Baltics and Central Eastern Europe

أعرض تسجيلة المادة بشكل مبسط

dc.creator Vinhas de Souza, Lúcio
dc.date 2004
dc.date.accessioned 2013-10-16T07:05:14Z
dc.date.available 2013-10-16T07:05:14Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19490
dc.identifier ppn:396199305
dc.identifier RePEc:zbw:bubdp1:2289
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19490
dc.description This paper extends the work of Kaminsky and Schmukler (2003) to the Baltic and Central Eastern European future Member States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of ?emerging markets?. This work finds some signs that, contrary to other emerging markets, this does not happen: for the future Member States, financial integration, similarly to the outcome observed in mature market economies, reduces cyclical volatility both in the short and in the long run. Weak indications are found that this may happen partially due to the anchoring of expectations provided by the EU Accession, and to the more robust institutional framework imposed by this process onto the countries in question.
dc.language eng
dc.relation Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,23
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F34
dc.subject F02
dc.subject F30
dc.subject F33
dc.subject F32
dc.subject F36
dc.subject G15
dc.subject P20
dc.subject ddc:330
dc.subject Enlargement
dc.subject European Union
dc.subject financial liberalization
dc.subject booms
dc.subject busts
dc.subject cycles
dc.subject Bry-Boschan
dc.subject volatility
dc.subject Kapitalmarktliberalisierung
dc.subject Konjunktur
dc.subject Börsenkurs
dc.subject Volatilität
dc.subject Schätzung
dc.subject EU-Erweiterung
dc.subject Nordosteuropa
dc.subject Ostmitteleuropa
dc.title Financial Liberalization and Business Cycles: The Experience of Countries in the Baltics and Central Eastern Europe
dc.type doc-type:workingPaper


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