VSE knjižnice (vzajemna bibliografsko-kataložna baza podatkov COBIB.SI)
  • The integration of the European financial sector - the case of the banking sector
    Jagrič, Timotej ; Markovič-Hribernik, Tanja
    In this study we use the self-organizing map (SOM) algorithm for constructing the topology of Europe's banking sector. The SOM algorithm can be used for visualizing the most central property of high ... dimensional data, namely its cluster structure on a projected graphical map display that is easily understandable. Additionally to the selected method, the use of large database separates this study from those carried out in the past. The database includes data for 27 countries and 2 integrations (EU and EMU). The data covers the period from 1997 to 2007 and each country is characterized by 17 variables. This gave us the opportunity to study the trajectory movement of the banking sectors over the years and trace the dominating cause of such movements over time. Our main result is that the banking systems of European countries have gone through remarkable institutional development and integration. However, the integration project is far from over. Real integration has proceeded quite far in response to the liberalization of trade, but financial integration remains incomplete. If we examine properties of individual variables, we can see that only two variables directly support the division of countries in the two major groups (east-west or right-left side of the map). Other variables show more complex structures in the map and therefore support the idea of nonlinearities. The weights for many variables indicate outliers, which we also expected in the setup of our study.
    Vir: Banks and bank systems. - ISSN 1816-7403 (Vol. 4, iss. 4, 2009, str. 76-83)
    Vrsta gradiva - članek, sestavni del
    Leto - 2009
    Jezik - angleški
    COBISS.SI-ID - 10089756

vir: Banks and bank systems. - ISSN 1816-7403 (Vol. 4, iss. 4, 2009, str. 76-83)
loading ...
loading ...
loading ...

Vnos na polico