Institutional aspects of financial integration: bank-based vs. market-based financial systems

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086847" target="_blank" >RIV/61989100:27510/13:86086847 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Institutional aspects of financial integration: bank-based vs. market-based financial systems
Original language description
Both banking systems and stock markets enhance growth and overall economic development. Generally, at low levels of economic development commercial banks have a tendency to dominate the financial system, while at higher levels domestic stock markets tendto become more active and efficient relative to domestic banks. The aim of the paper is to identify common institutional characteristics in 27 EU member countries, the United States and Japan over the period 2003-2012 and to find out whether these characteristics can be connected with the type of the financial system of these countries. Because we want to confirm the general idea that well-developed countries with good institutional characteristics prefer the market-based system and vice versa, we divided EU member countries into two subgroups (EU17 and EU10). According to our results we conclude that the general idea that well-developed countries with good institutional characteristics experience the market-based system can be confirm
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 11th International Conference Economic Policy in the European Union Member Countries : [18.-20. September 2013, Ostrava]
ISBN
978-80-248-3095-7
ISSN
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e-ISSN
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Number of pages
14
Pages from-to
160-173
Publisher name
VŠB-Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 18, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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