Suche nach Schlagworten '19321-6'

1 entries found on 1 pages. starting on record 1 ending on 1

Sort by: Title, Year, Author (Corp. Body),

« Previous
Next »
Title: Finance and growth in the EU
Title (other): new evidence from the liberalisation and harmonisation of the banking industry
This paper analyses the link between finance and growth by studying the effect that the process of financial deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main findings point to the existence of a positive long-run growth impact from the liberalisation of capital controls and the harmonisation of banking legislation. Both policy changes affect growth even after controlling for other pro-growth policies implemented around the same time and they are robust to business cycle effects that could spuriously drive the relation. The analysis of the main channels through which our policy changes may have affected growth indicates that the harmonisation process has impacted growth through the increase in the level and efficiency of financial intermediation and the liberalisation of capital controls has mainly affected growth through improvements in the degree of efficiency in financial intermediation. [Diego Romero De Ávila]
Author: De Ávila, Diego Romero
Series Title: Working paper series / European Central Bank ; 266
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: DeregulationSingle European marketEU countriesFinancial marketFinancial liberalizationEconomic Growth
Subject: Foreign trade. Trade relationsInternational investments. Capital movements
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (
« Previous
Next »
Copyright (C) 2003-2019 European Documentation Centres / Update: 09.10.2019