TY - BOOK AU - Fecht,Falko AU - Grüner,Hans Peter TI - Financial integration and systemic risk T2 - Discussion paper. Serie 2: Banking and financial studies SN - 3865580882 U1 - 332.1094 21 PY - 2005/// CY - Frankfurt and Main PB - Deutsche Bundesbank KW - BANCOS KW - SISTEMAS BANCARIOS KW - SISTEMA FINANCIERO KW - RIESGO FINANCIERO KW - EUROPA KW - ESTRUCTURA BANCARIA KW - SECTOR BANCARIO N1 - Incluye bibliografía; 1. Introduction -- 2. The model -- 3. Welfare implications of separated banks -- 4. Welfare implications of an integrated financial system -- 5. Optimal financial integration -- 6. Interbank and the implementation of the constraint efficient risk-sharing -- 7. Alternative market mechanisms -- 8. Merger -- 9. Conclusion -- Appendix -- References UR - https://www.bundesbank.de/resource/blob/704184/a0a955f74f42a86290255c338c6b9cd1/mL/2005-09-26-dkp-11-data.pdf ER -