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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

14

Strana od-do

160-173

Název nakladatele

VŠB-Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

18. 9. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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