Cointegration and Exogeneity in Eurobanking and Latin American Banking: Does Systemic Risk Linger?
This paper examines financial integration, interdependence and exogeneity within and between Latin American banking and Eurobanking systems during a period of relative stability after the oil and debt crises of the 1980s. Significant evidence of cointegration in both long and short-term relationship...
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| Format: | Journal Article |
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Blackwell Publishing
2008
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| Online Access: | http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1158741 http://hdl.handle.net/20.500.11937/27705 |
| _version_ | 1848752337726734336 |
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| author | Simpson, John |
| author_facet | Simpson, John |
| author_sort | Simpson, John |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper examines financial integration, interdependence and exogeneity within and between Latin American banking and Eurobanking systems during a period of relative stability after the oil and debt crises of the 1980s. Significant evidence of cointegration in both long and short-term relationships is reported. Within Latin America, exogeneity lies mainly with the Brazilian system. Within Eurobanking, the U.S. system is dominant influence. Between Eurobanking and Latin American banking systems, the U.S. system is the major driving force. With continued interdependence of these banking systems, systemic risk lingers and vigilance is required in banking supervision. |
| first_indexed | 2025-11-14T08:07:01Z |
| format | Journal Article |
| id | curtin-20.500.11937-27705 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:07:01Z |
| publishDate | 2008 |
| publisher | Blackwell Publishing |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-277052018-12-14T00:51:48Z Cointegration and Exogeneity in Eurobanking and Latin American Banking: Does Systemic Risk Linger? Simpson, John contagion Latin American banking systems integration interdependence Eurobanking systems This paper examines financial integration, interdependence and exogeneity within and between Latin American banking and Eurobanking systems during a period of relative stability after the oil and debt crises of the 1980s. Significant evidence of cointegration in both long and short-term relationships is reported. Within Latin America, exogeneity lies mainly with the Brazilian system. Within Eurobanking, the U.S. system is dominant influence. Between Eurobanking and Latin American banking systems, the U.S. system is the major driving force. With continued interdependence of these banking systems, systemic risk lingers and vigilance is required in banking supervision. 2008 Journal Article http://hdl.handle.net/20.500.11937/27705 10.1111/j.1540-6288.2008.00201.x http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1158741 Blackwell Publishing restricted |
| spellingShingle | contagion Latin American banking systems integration interdependence Eurobanking systems Simpson, John Cointegration and Exogeneity in Eurobanking and Latin American Banking: Does Systemic Risk Linger? |
| title | Cointegration and Exogeneity in Eurobanking and Latin American Banking: Does Systemic Risk Linger? |
| title_full | Cointegration and Exogeneity in Eurobanking and Latin American Banking: Does Systemic Risk Linger? |
| title_fullStr | Cointegration and Exogeneity in Eurobanking and Latin American Banking: Does Systemic Risk Linger? |
| title_full_unstemmed | Cointegration and Exogeneity in Eurobanking and Latin American Banking: Does Systemic Risk Linger? |
| title_short | Cointegration and Exogeneity in Eurobanking and Latin American Banking: Does Systemic Risk Linger? |
| title_sort | cointegration and exogeneity in eurobanking and latin american banking: does systemic risk linger? |
| topic | contagion Latin American banking systems integration interdependence Eurobanking systems |
| url | http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1158741 http://hdl.handle.net/20.500.11937/27705 |