Type
Article
Titre
Waves of international banking integration: A tale of regional differences
Dans
European Economic Review
Auteur(s)
BOUVATIER Vincent - Université Paris 10, Paris Ouest Nanterre La Défense (UP10) (Auteur)
DELATTE Anne-Laure - Pôle Finance Responsable - Rouen Business School (Auteur)
Éditeur
US : International arts and sciences press
Volume
80
Pages
354 - 373 p.
ISSN
00142921
DOI
10.1016/j.euroecorev.2015.10.004
Mots clés
International banking, Gravity model, Banking integration
Résumé
EN
We propose an original measure of international banking integration based on gravity equations and a spline function on a panel of 14 countries and their 186 partners between 1999 and 2012. Contrary to the conventional wisdom, we uncover that: (1) the international banking integration outside the euro area has been tenaciously increasing since \1999 and has even strengthened after the crisis. (2) In contrast, the international banking integration of the euro area has been cyclical since 1999 with a peak in 2006 and a complete reversal since then. (3) This decline is not a correction of previous overshooting but a marked disintegration. (4) Outside the euro area, the level of income does not affect the shape of banking integration.

CITATION BIBLIOGRAPHIQUE
EXPORT