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A pénzügyi konglomerátumok létrejöttének kockázati hatásai
[The risk effects of the evolution of financial conglomerates]

Author

Listed:
  • Szüle, Borbála

Abstract

Az Európai Unióban a pénzügyi konglomerátumok kockázataival kapcsolatban 2005től egy új direktíva rendelkezései érvényesülnek. A pénzügyi konglomerátumok az utóbbi évtizedekben a világ számos országában a biztosítók és a különféle bankok egyre szorosabbá váló együttműködése során tulajdonosi kapcsolatok létrehozásával alakultak ki. A pénzügyi konglomerátumok megjelenésének hatásai jelenleg még nem teljeskörűen tisztázottak, és a kérdés gyakorlati - az európai uniós direktíva megalkotása által is jelzett - fontossága ellenére különösen kidolgozatlan a kialakulásukhoz kapcsolódó kockázati hatások elmélete. A tanulmány - a szakirodalomban újnak számító - elméleti keretben a pénzügyi konglomerátumok létrejöttének tranzakciós, motivációs és portfólióhatását különíti el, és ezen hatások eredőjeként a pénzügyi konglomerátumok létrehozásának a bankok és biztosítók intézményszintű stabilitására ható következményeit elemzi. Journal of Economic Literature (JEL) kód: G21, G22, G34.

Suggested Citation

  • Szüle, Borbála, 2006. "A pénzügyi konglomerátumok létrejöttének kockázati hatásai [The risk effects of the evolution of financial conglomerates]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 661-680.
    • Handle: RePEc:ksa:szemle:858
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    References listed on IDEAS

    as
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    3. Boot, Arnoud W. A. & Schmeits, Anjolein, 2000. "Market Discipline and Incentive Problems in Conglomerate Firms with Applications to Banking," Journal of Financial Intermediation, Elsevier, vol. 9(3), pages 240-273, July.
    4. Blum, Jurg, 1999. "Do capital adequacy requirements reduce risks in banking?," Journal of Banking & Finance, Elsevier, vol. 23(5), pages 755-771, May.
    5. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    6. Alan D. Morrison, 2002. "The Economics of Capital Regulation in Financial Conglomerates," OFRC Working Papers Series 2002fe08, Oxford Financial Research Centre.
    7. Elizabeth Laderman, 2000. "The potential diversification and failure reduction benefits of bank expansion into nonbanking activities," Working Paper Series 2000-01, Federal Reserve Bank of San Francisco.
    8. Alan Morrison, 2002. "The Economics of Capital Regulation in Financial Conglomerates," Economics Series Working Papers 2002-FE-08, University of Oxford, Department of Economics.
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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