Handbook of financial integration / edited by Guglielmo Maria Caporale, (Professor of Economics and Finance, Department of Economics and Finance, Brunel University London, UK).

Format:

Book

Contributor:

Caporale, Guglielmo Maria, editor.

Edward Elgar Publishing, publisher.

Series:

Research handbooks in money and finance

Language:

English

Subjects (All):

International economic integration.

Genre:

Electronic books.

Physical Description:

1 online resource (682 pages)

Place of Publication:

Northampton : Edward Elgar Publishing, 2024.

Summary:

"This comprehensive Handbook deftly examines key aspects of financial integration, providing an overview of contemporary research and new perspectives. Employing state-of-the-art econometric methods to obtain new empirical evidence, it will be critical for designing optimal policies, and appropriate investment and risk management strategies. Guglielmo Maria Caporale brings together a wide range of contributors with different approaches to measuring and dissecting financial integration to form an extensive analysis on the topic. Organised into six thematic sections, the Handbook first details new measures of financial integration, linkages across markets, and the role of the foreign exchange market and institutions. It goes on to address financial integration in the banking sector, European financial integration, and diverse policy issues that arise in this context, giving a comprehensive insight into an ever-expanding sector. With new perspectives and evidence on various dimensions of financial integration, this Handbook will be an indispensable resource for academics working in the field of international finance. Its investigation of policy and investment implications of the findings will also provide valuable insights for policy-makers and market participants"-- Provided by publisher.

Contents:

Contents: Part I: Introduction

1. Introduction to the handbook of financial integration: New research developments / Guglielmo Maria Caporale

Part II: Measuring financial integration

2. Measuring financial integration: More data, more countries, more expectations / Menzie D. Chinn and Hiro Ito

3. Investor attention to news on financial integration and currency returns / Ilias Filippou, My T. Nguyen and Mark P. Taylor

4. Contingent linear financial networks / Bomin Jiang, Roberto Rigobon and Munther A. Dahleh

Part III: Financial integration of stocks, bonds and other assets

5. Shocks and global asset market connectedness / Marcello Pericoli and Kamil Yilmaz

6. Global financial stress and financial transmission channels / Sandra Eickmeier, Norbert Metiu, Josefine Quast and Sabine Tanneberger

7. The evolving landscape of energy finance: Challenges and opportunities during global uncertainty / John W. Goodell and Shaen Corbet

8. Us municipal green bonds and financial integration / Guglielmo Maria Caporale and Nicola Spagnolo

9. Investing through fed regime changes in the post-crisis period / Haroldo Daltin and Michael Melvin

10. The impact of trading fragmentation in securities markets / Giovanni Cespa

Part IV: Financial integration and the foreign exchange market

11. Changes in economic and financial structure and the international integration of capital markets over the past century and a half / James R. Lothian

12. Financial integration, institutional quality, and real exchange rates: Evidence from emerging markets / Zunaira Aman, Sushanta Mallick and Ilayda Nemlioglu

13. Measuring currency dominance / Joscha Beckmann

14. Financial integration and exchange market pressure / Kate Phylaktis and Muhammad Aftab

15. Firms, currency hedging, and financial derivatives / Laura Alfaro, Mauricio Calani and Liliana Varela

Part V: Financial integration and the banking sector

16. The financial integration of banks: A survey / Destan Kirimhan and James E. Payne

17. Transatlantic differences in bank resilience / Thomas Gehrig, Maria Chiara Iannino and Stephan Unger

18. Proactive risk-taking and loan performance: Evidence from bank holding companies / Iftekhar Hasan, Mingsheng Li, Liuling Liu and Yun Zhu

Part VI: European financial integration

19. Integration or fragmentation? A closer look at euro area financial markets / Martin Feldkircher and Karin Klieber

20. European 'fear' indices / Wolfgang Aussenegg, Lukas Goetz and Ranko Jelic

21. Financial integration and European tourism stocks / Guglielmo Maria Caporale, Stavroula Yfanti, Menelaos Karanasos and Jiaying Wu

22. The European banking union: Integrating supervisory approaches / Franco Fiordelisi and Giulia Scardozzi

23. Financial integration and economic growth in Europe / Guglielmo Maria Caporale, Anamaria Diana Sova and Robert Sova

Part VII: Financial integration and policy issues

24. The integration of the financial system in macroeconometric models for policy simulation / Riccardo Barbieri Hermitte, Carlo A. Favero, Valeria Macauda, Mara Meacci, Francesco Nucci and Cristian Tegami

25. Cross-border banking, spillovers, and international macroprudential policy coordination / Pierre-Richard Agénor

26. The central bank digital currency dimension in global financial integration / Georgios Chortareas, Eleftheria Kostika and Theodore Pelagidis

Index.

Notes:

Includes index.

Description based on print record.

ISBN:

9781803926377 (e-book)

Access Restriction:

Restricted for use by site license.