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Towards Transparency in Finance and Governance

Vishwanath, Tara; Kaufmann, Daniel - EconWPA - 2003

in governance. Its significance has broadened geographically as well as across different sectors. It has been observed … existing literature on transparency in finance and governance, indicates remaining knowledge gaps, and offers some hypothesis … adequate enforcement. The last section elaborates on the concomitant link between financial markets and governance, discussing …

Persistent link: https://www.econbiz.de/10005561607

How Important Are Foreign Banks in European Transition Countries? A Comparative Analysis

Bol, Hanneke; Haan, Jakob de; Scholtens, Bert; Haas, … - EconWPA - 2002

This paper analyses the development of the banking sector in twelve transition countries. Foreign banks have become major players in the financial system of these countries. Still, foreign bank presence and financial development in general vary considerably between these economies. Distance from...

Persistent link: https://www.econbiz.de/10005556660

STOCK MARKET VALUATION IN THE UNITED STATES

BISCIARI, Patrick; DURRE, Alain; NYSSENS, Alain - EconWPA - 2003

This paper gives an overview of some issues related to market aluation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...

Persistent link: https://www.econbiz.de/10005125064

Do Children Act As Old Age Security in Rural India? Evidence from an Analysis of Elderly Living Arrangements

Pal, Sarmistha - EconWPA - 2004

In the absence of any extra familial welfare system, most elderly persons in India tend to coreside with children. Little is however known about their living conditions. The present paper attempts to bridge this gap of the literature and examines the living arrangements of elderly men and women...

Persistent link: https://www.econbiz.de/10005125805

Banks, Markets, and Efficiency

Fecht, Falko; Martin, Antoine - EconWPA - 2005

Following Diamond (1997) and Fecht (2004) we use a model in which financial market access of households restrains the efficiency of the liquidity insurance that banks' deposit contracts provide to households that are subject to idiosyncratic liquidity shocks. But in contrast to these approaches...

Persistent link: https://www.econbiz.de/10005561589

Does Financial Structure Matter?

Arestis, Philip; Luintel, Ambika D.; Luintel, Kul B. - EconWPA - 2004

We address the issue of whether financial structure influences economic growth. Three competing views of financial structure exist in the literature: the bank-based, the market-based and the financial services view. Recent empirical studies examine their relevance by utilizing panel and...

Persistent link: https://www.econbiz.de/10005561594

DETERMINANTS OF THE FIRM’S CAPITAL STRUCTURE - THE CASE OF THE VERY SMALL ENTERPRISES

BARBOSA, EVALDO GUIMARÃES; MORAES, CRISTIANA DE CASTRO - EconWPA - 2003

This paper seeks empirically to identify the determinants of the very small firms’ financial leverage. This is important because both these enterprises have been under-researched and research in the area has been troubled by samples biased towards very large enterprises. Results support...

Persistent link: https://www.econbiz.de/10005561667

Financial Globalization and Regulation

Arestis, Philip; Basu, Santonu - EconWPA - 2004

This paper attempts to define financial globalization as a process whereby financial markets internationally are integrated so closely that they can be considered as a single market. The process, viewed as a by- product of financial liberalization, is only a necessary condition for financial...

Persistent link: https://www.econbiz.de/10005556603

Transparency, Liberalization and Financial Crises

Mehrez, Gil; Kaufmann, Daniel - EconWPA - 2003

We investigate the effect of financial liberalization on the probability of a banking crises in economies with poor transparency We construct a model with imperfect information where banks cannot distinguish between aggregate shocks on the one hand, and government’s policy and firms’...

Persistent link: https://www.econbiz.de/10005561599

Financial liberalization, saving, investment and growth in MENA countries

ACHY, Lahcen - EconWPA - 2004

Over the last two decades MENA countries as much of the developing countries have experienced a wave of liberalization of financial sector. The purpose of this paper is three fold: to review the literature on the rationale for financial repression, examining why governments adopt financial...

Persistent link: https://www.econbiz.de/10005561741

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