Gains from Financial Integration in the European Union: Evidence for New and Old Members

2006 ◽  
Author(s):  
Yuliya S. Demyanyk ◽  
Vadym Volosovych
Keyword(s):  
European Union ◽  
Financial Integration ◽  
The European Union

The role of house price indices in managing the integration of finance and housing markets in the European Union

2014 ◽  
Vol 7 (3) ◽  
pp. 270-294 ◽  
Author(s):  
Richard Grover ◽  
Christine Grover
Keyword(s):  
European Union ◽  
Financial Integration ◽  
House Price ◽  
Quality Data ◽  
Residential Property ◽  
The European Union ◽  
Price Indices ◽  
Content Type ◽  
Price Bubbles ◽  
Property Price

Purpose – The article aims to examine why residential property price indices (RPPI) are important, particularly in the European Union (EU) with its highly integrated financial system and examines the problems in developing a pan-European price index that aggregates the indices of different countries. Design/methodology/approach – The reasons why RPPI are important is explored through a review of the literature on residential price bubbles and the issues with the indices through studies of individual examples. Findings – Financial integration in the EU has taken place without adequate consideration having been given to diversity in residential property markets. The development of means of monitoring them has lagged behind integration with the national price indices using a variety of methods and approaches to data that limit the extent to which they can be aggregated. Originality/value – The article shows the need for better quality data about house price trends in Europe if the consequences of future bubbles are to be avoided. Current initiatives are unlikely to satisfy this, as they leave too many choices about methodology and data in the hands of individual countries.

scholarly journals The fundamental determinants of financial integration in the European Union

1996 ◽  
Vol 132 (3) ◽  
pp. 432-456 ◽  
Author(s):  
Jan J. G. Lemmen ◽  
Sylvester C. W. Eijffinger
Keyword(s):  
European Union ◽  
Financial Integration ◽  
The European Union

scholarly journals Cross-Border Portfolio Investment and Financial Markets Development in the Asia and Pacific Region

2019 ◽  
Vol 12 (5) ◽  
pp. 14
Author(s):  
Sayuri Shirai ◽  
Eric Alexander Sugandi
Keyword(s):  
United States ◽  
European Union ◽  
Financial Integration ◽  
Global Financial Crisis ◽  
The United States ◽  
Portfolio Investment ◽  
Pacific Region ◽  
The European Union ◽  
Cross Border ◽  
Domestic Capital

This study examines cross-border portfolio investment in the Asia and Pacific region throughout 2001–2017, where rapid increases in investment have taken place particularly after the 2008–2009 global financial crisis. Cross-border portfolio investment in this region has the following characteristics. First, equity has been a dominant source of foreign liabilities notwithstanding efforts to develop bond markets in the region. Second, debt securities have remained dominant foreign assets held by the region. Third, the region’s assets and liabilities linkages have remained overwhelmingly strengthened against the United States and the European Union. However, the region has also witnessed greater intra-regional financial integration, centering at China with growing linkages with Hong Kong and Singapore. Fourth, Japan as a country with the largest abundant domestic capital in the region has remained predominantly exposed to the United States and the European Union. Within the region, nonetheless, debt securities issued by Australia have increasingly attracted Japan’s capital.

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