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  • Micro and macro topologies of the EU banking sector - optimized spiral spherical SOM approach [Elektronski vir]
    Jagrič, Timotej ; Bojnec, Štefan ; Jagrič, Vita
    We present a comprehensive treatment of the EU banking sector integration process in the 2000-2011 period. A wide set of economic indicators is used to derive micro and macro topologies of the EU ... banking sector. A dynamic analysis recovers the path of the integration process itself by calculating the dynamics of the countries around the sphere and by examining the measure of dispersion. The simultaneous comparison of the micro and macro levels provides deeper insights into the banking sector integration process. We use the methodology of the optimized spiral spherical version of Kohonen's Self-Organizing Maps (SOM), which overcomes some of the major deficiencies found in standard methods. We introduce a measure for the degree of EU banking sector integration. Both models, the micro and macro topology, unveil the formation of two banking clusters, which, with the exception for Greece, coincides with a division between new and old EU member states. Both clusters intensify integration within their cluster.
    Vir: Proceedings of the SSEM EuroConference 2014 [Elektronski vir] : the International Conference on Emerging Markets Business, Economics, and Finance, July 6-8, 2014, Budapest, Hungary
    Vrsta gradiva - prispevek na konferenci
    Leto - 2014
    Jezik - angleški
    COBISS.SI-ID - 11744028

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