Financial Development and the Effect of Cross-Border Bank Flows on House Prices

2020 ◽  
Author(s):  
Nestor Romero ◽  
Sungjun Cho ◽  
Stuart Hyde
Keyword(s):  
Financial Development ◽  
House Prices ◽  
Cross Border

The Long-Run Relationship Between Financial Development and House Prices

2020 ◽  
Author(s):  
Sefa Awaworyi Churchill ◽  
Kris Ivanovski ◽  
Kwabena Mintah ◽  
Quanda Zhang
Keyword(s):  
Financial Development ◽  
House Prices ◽  
Long Run

Housing markets’ linkage between China and Taiwan

2019 ◽  
Vol 12 (5) ◽  
pp. 826-848 ◽  
Author(s):  
Mei-Se Chien ◽  
Neng-Huei Lee ◽  
Chih-Yang Cheng
Keyword(s):  
Economic Integration ◽  
House Prices ◽  
Housing Prices ◽  
Housing Markets ◽  
Wealth Effects ◽  
Time Varying ◽  
Consumer Expenditure ◽  
Content Type ◽  
Cross Border ◽  
Cointegration Tests

Purpose This paper aims to examine the linkage of regional housing markets between Taiwan and China as increasing economic integration. Design/methodology/approach Two time-varying estimations of cointegration tests, Gregory and Hansen (1996) cointegration test with structural break and the recursive coefficients of cointegration (Hansen and Johansen, 1993) are applied to trace the possible dynamic linkage of cross-border regional housing prices between Taiwan and China. Findings First, the estimating results of the long-run relationships show that increasing housing prices in Beijing and Shanghai decrease Taipei’s house prices, while Shenzhen and Chengdu have converse effects. The technologies’ levels of Taiwanese industries surrounding the cities in China will affect the direction of the linkage of regional housing prices between the two economies. Second, in light of causalities of these five housing prices’ changes, Beijing and Shanghai lead Taipei and Shanghai leads Chengdu, which, in turn, leads Shenzhen. Finally, the results of time-varying cointegration tests show that some critical economic and political incidents changed the linkages of housing prices between Taipei and the four cities in China. Originality/value Although some empirical works examined the linkages between cross-border house prices in Europe and the USA, study has looked at the linkages of cross-border housing prices between Taiwan and China. This is an interesting topic insofar as house price integration has implications for wealth effects that feed into consumer expenditure in both Taiwan and China. The empirical evidence overall displays the existence of the integration of regional housing markets between Taiwan and China. For the longer-term future, increasing economic integration between China and other Asia countries will result in greater and more diversified cross-border housing markets and pools of investors.

scholarly journals Cross-border Mergers and Acquisitions and Financial Development: Evidence from Emerging Asia

2013 ◽  
Vol 27 (3) ◽  
pp. 265-284 ◽  
Author(s):  
Juthathip Jongwanich ◽  
Douglas H. Brooks ◽  
Archanun Kohpaiboon
Keyword(s):  
Mergers And Acquisitions ◽  
Financial Development ◽  
Cross Border

scholarly journals Fintech in Europe

2020 ◽  
Vol 20 (241) ◽  
Author(s):  
Chikako Baba ◽  
Cristina Batog ◽  
Enrique Flores ◽  
Borja Gracia ◽  
Izabela Karpowicz ◽  
...  
Keyword(s):  
Financial Development ◽  
Euro Area ◽  
Growth Opportunities ◽  
Clear Trend ◽  
Structural Shift ◽  
Balance Sheets ◽  
Cross Border ◽  
Consumer Lending ◽  
Payment Schemes ◽  
Start Ups

Europe’s high pre-existing level of financial development can partly account for the relatively smaller reach of fintech payment and lending activities compared to some other regions. But fintech activity is growing rapidly. Digital payment schemes are expanding within countries, although cross-border and pan-euro area instruments are not yet widespread, notwithstanding important enabling EU level regulation and the establishment of instant payments by the ECB. Automated lending models are developing but remain limited mainly to unsecured consumer lending. While start-ups are pursuing platform-based approaches under minimal regulation, there is a clear trend for fintech companies to acquire balance sheets and, relatedly, banking licenses as they expand. Meanwhile, competition is pushing many traditional banks to adopt fintech instruments, either in-house or by acquisition, thereby causing them to increasingly resemble balanced sheet-based fintech companies. These developments could improve the efficiency and reach of financial intermediation while also adding to profitability pressures for some banks. Although the COVID-19 pandemic could call into question the viability of platform-based lending fintechs funding models given that investors could face much higher delinquencies, it may also offer growth opportunities to those fintechs that are positioned to take advantage of the ongoing structural shift in demand toward virtual finance.

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