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Does finance cause growth? Evidence from the origins of banking in Russia

Berkowitz, Daniel; Hoekstra, Mark; Schoors, Koen - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012

This paper examines the effect of banking on economic growth in modern Russia. To overcome simultaneity and selection …, we exploit regional banking variation induced by the creation of “specialized banks” (spetsbanks) in the last years of … uncorrelated with 15 predictors of future growth, including pre-banking income, education, anti-market sentiment, institutional …

Persistent link: https://www.econbiz.de/10010545767

Bank capital, adjustment and ownership: Evidence from China

Molyneux, Philip; Liu, Hong; Jiang, Chunxia - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014

We investigate ownership effects on capital and adjustments speed to the target capital ratio in China from 2000 to 2012 and find that state-owned banks hold higher levels of capital than banks of other ownership types. Foreign banks are more highly capitalized than local non-state banks but...

Persistent link: https://www.econbiz.de/10010945005

Tail dependence of financial stocks and CDS markets: Evidence using copula methods and simulation-based inference

Silva, Paulo Pereira da; Rebelo, Paulo Tomaz; Afonso, … - Institut für Weltwirtschaft (IfW) - 2013

means that, surprisingly, the association between stock prices and spreads of the banking sector does not seem to surge in …

Persistent link: https://www.econbiz.de/10010956052

Measuring systemic funding liquidity risk in the Russian banking system

Andrievskaya, Irina - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012

. This paper proposes a straightforward approach for estimating the systemic funding liquidity risk in a banking system and …

Persistent link: https://www.econbiz.de/10010552497

Do mergers improve information? Evidence from the loan market

Panetta, Fabio; Schivardi, Fabiano; Shum, Matthew - Banca d'Italia - 2004

We examine the informational effects of M&As by investigating whether bank mergers improve banksï¿½ ability to screen borrowers. By exploiting a dataset in which we observe a measure of a borrowerï¿½s default risk that the lenders observe only imperfectly, we find evidence of these...

Persistent link: https://www.econbiz.de/10005770757

Fixed-Premium Deposit Insurance and Collective Action Problems Among Banks

Spiegel, M.M. - C.V. Starr Center for Applied Economics, Department of … - 1993

Persistent link: https://www.econbiz.de/10005605607

U.S. Commercial Banking: Trends, Cycles, and Policy

Boyd, J.H.; Gertler, M. - C.V. Starr Center for Applied Economics, Department of … - 1993

Persistent link: https://www.econbiz.de/10005611765

Financial Contagion

Allen, Franklin; Gale, Douglas - C.V. Starr Center for Applied Economics, Department of … - 1998

Persistent link: https://www.econbiz.de/10005611769

Development and Efficiency of the Banking Sector in a Transitional Economy: Hungarian Experience

Hasan, Iftekhar; Marton, Katherin - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2000

The paper analyzes the experiences and developments of Hungarian banking sector during the transitional process from a … a relatively strong and increasingly efficient banking system. Banks with higher foreign bank ownership involvement were …

Persistent link: https://www.econbiz.de/10005648572

Russian banks´ private deposit interest rates and market discipline

Peresetsky, A.A.; Karminsky, A.M.; Golovan, S.V. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2007

affected deposit interest rates. Our results suggest market discipline in the Russian banking system involves Russian …

Persistent link: https://www.econbiz.de/10005648625