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Finance, law and growth during transition: a survey
Haas, Ralph de - EconWPA - 2002
banking systems. An adequate legal and institutional environment proves to be a necessary condition as well. The insufficient …
Persistent link: https://www.econbiz.de/10005125524
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Further evidence on the link between finance and growth: An international analysis of community banking and economic performance
Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004
We seek to contribute to both the finance-growth literature and the community banking literature by testing the effects … found for hypothesized transmission mechanisms through improved financing for SMEs or greater overall bank credit flows. The …
Persistent link: https://www.econbiz.de/10005134638
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Do Stock Markets Promote Economic Growth?
Hanousek, Jan; Campos, Nauro F.; Filer, Randall K. - EconWPA - 2001
One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. Little research into this question, however has used a true causality framework. This paper fills this lacuna by using...
Persistent link: https://www.econbiz.de/10005413076
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Financial Development and Economic Growth in Malaysia: The Stock Market Perspective
Choong, Chee Keong; Yusop, Zulkornain; Law, Siong Hook; … - EconWPA - 2003
Understanding the causal relationship between financial development and economic growth is important in enhancing the economy of a nation. Using the autoregressive distributed lag (ARDL) bounds test approach, this study finds that stock market development is cointegrated with economic growth in...
Persistent link: https://www.econbiz.de/10005561265
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Further evidence on the link between finance and growth: An international analysis of community banking and economic performance
Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004
We seek to contribute to both the finance-growth literature and the community banking literature by testing the effects … found for hypothesized transmission mechanisms through improved financing for SMEs or greater overall bank credit flows. The …
Persistent link: https://www.econbiz.de/10005561768
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Export variety and economic growth in East European transition economies
Funke, Michael; Ruhwedel, Ralf - EconWPA - 2003
Utilising panel data for 14 East European transition economies, we find support for the hypothesis that a greater degree of export variety relative to the U.S. helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from...
Persistent link: https://www.econbiz.de/10005561365
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Do efficient banking sectors accelerate economic growth in transition countries?
Koivu, Tuuli - EconWPA - 2002
banking sectors using the margin between lending and deposit interest rates. Our second variable for the level of financial … sector development is the amount of bank credit allocated to the private sector as a share of GDP. According to our results … accelerate economic growth. The main reasons behind this result could be the numerous banking crises the transition countries …
Persistent link: https://www.econbiz.de/10005561315
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'The role of Financial Liberalization in Development: Weaknesses and Corrections'
Saidane, D. - EconWPA - 2005
liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American …, then we study some institutional and conceptual solutions. We try to identify the micro-economic banking dimension as a … driving force for the growth. The role of banking system is described in a development process usually facing the apology of …
Persistent link: https://www.econbiz.de/10005134804
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'The role of Financial Liberalization in Development: Weaknesses and Corrections'
Saidane, D. - EconWPA - 2005
liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American …, then we study some institutional and conceptual solutions. We try to identify the micro-economic banking dimension as a … driving force for the growth. The role of banking system is described in a development process usually facing the apology of …
Persistent link: https://www.econbiz.de/10005561583
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Are Interest Rate Derivatives Spanned by the Term Structure of Interest Rates?
Heidari, Massoud; WU, Liuren - EconWPA - 2002
We investigate whether the same finite dimensional dynamic system spans both interest rates (the yield curve) and interest rate options (the implied volatility surface). We find that the options market exhibits factors independent of the underlying yield curve. While three common factors are...
Persistent link: https://www.econbiz.de/10005134877