Do Financial Systems Converge?: New Evidence from Household Financial Assets in Selected OECD Countries
Many authors underlined the convergence of financial structures towards a model which combines elements of the Anglo Saxon one, where markets prevail, with characteristics of the continental European systems, where intermediaries are predominant. The goal of this paper is to study financial systems...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
|
| Schriftenreihe: | OECD Statistics Working Papers
no.2009/01 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Many authors underlined the convergence of financial structures towards a model which combines elements of the Anglo Saxon one, where markets prevail, with characteristics of the continental European systems, where intermediaries are predominant. The goal of this paper is to study financial systems convergence through the lens of household asset allocation. We analyze s and ß convergence of total household financial assets and their main components: deposits, securities other than shares, shares and other equity, insurance technical reserves. The novelty of the paper is to exploit a database containing time series since 1980 for nine OECD countries. Using disposable income as a scale variable, we found convergence of household total financial assets, insurance technical reserves and shares and other equity. Weaker results are obtained for convergence of household securities other than shares, and currency and deposits. In a nutshell, financial systems show signals of convergence in asset allocation, but national characteristics persist when households invest in securities and deposits. |
| Beschreibung: | 1 Online-Ressource (23 p.) 21 x 29.7cm. |
| DOI: | 10.1787/224175173554 |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061327557 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121225.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2009 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/224175173554 |2 doi | |
| 035 | |a (DE-627-1)061327557 | ||
| 035 | |a (DE-599)KEP061327557 | ||
| 035 | |a (FR-PaOEC)224175173554 | ||
| 035 | |a (EBP)061327557 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a G10 |2 jelc | ||
| 084 | |a G20 |2 jelc | ||
| 100 | 1 | |a Bruno, Giuseppe |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Do Financial Systems Converge? |b New Evidence from Household Financial Assets in Selected OECD Countries |c Giuseppe, Bruno and Riccardo, De Bonis |
| 264 | 1 | |a Paris |b OECD Publishing |c 2009 | |
| 300 | |a 1 Online-Ressource (23 p.) |c 21 x 29.7cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Statistics Working Papers |v no.2009/01 | |
| 520 | |a Many authors underlined the convergence of financial structures towards a model which combines elements of the Anglo Saxon one, where markets prevail, with characteristics of the continental European systems, where intermediaries are predominant. The goal of this paper is to study financial systems convergence through the lens of household asset allocation. We analyze s and ß convergence of total household financial assets and their main components: deposits, securities other than shares, shares and other equity, insurance technical reserves. The novelty of the paper is to exploit a database containing time series since 1980 for nine OECD countries. Using disposable income as a scale variable, we found convergence of household total financial assets, insurance technical reserves and shares and other equity. Weaker results are obtained for convergence of household securities other than shares, and currency and deposits. In a nutshell, financial systems show signals of convergence in asset allocation, but national characteristics persist when households invest in securities and deposits. | ||
| 650 | 4 | |a Economics | |
| 700 | 1 | |a De Bonis, Riccardo |e MitwirkendeR |4 ctb | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/224175173554 |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061327557 |
|---|---|
| _version_ | 1816797331664666624 |
| adam_text | |
| any_adam_object | |
| author | Bruno, Giuseppe |
| author2 | De Bonis, Riccardo |
| author2_role | ctb |
| author2_variant | b r d br brd |
| author_facet | Bruno, Giuseppe De Bonis, Riccardo |
| author_role | aut |
| author_sort | Bruno, Giuseppe |
| author_variant | g b gb |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC |
| ctrlnum | (DE-627-1)061327557 (DE-599)KEP061327557 (FR-PaOEC)224175173554 (EBP)061327557 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/224175173554 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02304cam a22003732 4500</leader><controlfield tag="001">ZDB-13-SOC-061327557</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121225.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2009 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/224175173554</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061327557</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061327557</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)224175173554</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061327557</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">G10</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">G20</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Bruno, Giuseppe</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Do Financial Systems Converge?</subfield><subfield code="b">New Evidence from Household Financial Assets in Selected OECD Countries</subfield><subfield code="c">Giuseppe, Bruno and Riccardo, De Bonis</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2009</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (23 p.)</subfield><subfield code="c">21 x 29.7cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Statistics Working Papers</subfield><subfield code="v">no.2009/01</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Many authors underlined the convergence of financial structures towards a model which combines elements of the Anglo Saxon one, where markets prevail, with characteristics of the continental European systems, where intermediaries are predominant. The goal of this paper is to study financial systems convergence through the lens of household asset allocation. We analyze s and ß convergence of total household financial assets and their main components: deposits, securities other than shares, shares and other equity, insurance technical reserves. The novelty of the paper is to exploit a database containing time series since 1980 for nine OECD countries. Using disposable income as a scale variable, we found convergence of household total financial assets, insurance technical reserves and shares and other equity. Weaker results are obtained for convergence of household securities other than shares, and currency and deposits. In a nutshell, financial systems show signals of convergence in asset allocation, but national characteristics persist when households invest in securities and deposits.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">De Bonis, Riccardo</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/224175173554</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061327557 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:55:53Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (23 p.) 21 x 29.7cm. |
| psigel | ZDB-13-SOC |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Statistics Working Papers |
| spelling | Bruno, Giuseppe VerfasserIn aut Do Financial Systems Converge? New Evidence from Household Financial Assets in Selected OECD Countries Giuseppe, Bruno and Riccardo, De Bonis Paris OECD Publishing 2009 1 Online-Ressource (23 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Statistics Working Papers no.2009/01 Many authors underlined the convergence of financial structures towards a model which combines elements of the Anglo Saxon one, where markets prevail, with characteristics of the continental European systems, where intermediaries are predominant. The goal of this paper is to study financial systems convergence through the lens of household asset allocation. We analyze s and ß convergence of total household financial assets and their main components: deposits, securities other than shares, shares and other equity, insurance technical reserves. The novelty of the paper is to exploit a database containing time series since 1980 for nine OECD countries. Using disposable income as a scale variable, we found convergence of household total financial assets, insurance technical reserves and shares and other equity. Weaker results are obtained for convergence of household securities other than shares, and currency and deposits. In a nutshell, financial systems show signals of convergence in asset allocation, but national characteristics persist when households invest in securities and deposits. Economics De Bonis, Riccardo MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/224175173554 Volltext |
| spellingShingle | Bruno, Giuseppe Do Financial Systems Converge? New Evidence from Household Financial Assets in Selected OECD Countries Economics |
| title | Do Financial Systems Converge? New Evidence from Household Financial Assets in Selected OECD Countries |
| title_auth | Do Financial Systems Converge? New Evidence from Household Financial Assets in Selected OECD Countries |
| title_exact_search | Do Financial Systems Converge? New Evidence from Household Financial Assets in Selected OECD Countries |
| title_full | Do Financial Systems Converge? New Evidence from Household Financial Assets in Selected OECD Countries Giuseppe, Bruno and Riccardo, De Bonis |
| title_fullStr | Do Financial Systems Converge? New Evidence from Household Financial Assets in Selected OECD Countries Giuseppe, Bruno and Riccardo, De Bonis |
| title_full_unstemmed | Do Financial Systems Converge? New Evidence from Household Financial Assets in Selected OECD Countries Giuseppe, Bruno and Riccardo, De Bonis |
| title_short | Do Financial Systems Converge? |
| title_sort | do financial systems converge new evidence from household financial assets in selected oecd countries |
| title_sub | New Evidence from Household Financial Assets in Selected OECD Countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/224175173554 |
| work_keys_str_mv | AT brunogiuseppe dofinancialsystemsconvergenewevidencefromhouseholdfinancialassetsinselectedoecdcountries AT debonisriccardo dofinancialsystemsconvergenewevidencefromhouseholdfinancialassetsinselectedoecdcountries |