Similar Search Results

Financial Frictions and the Persistence of History : A Quantitative Exploration

Buera, Francisco J. - 2010

We quantify the role of financial frictions and the initial misallocation of resources in explaining development dynamics. Following a reform that triggers efficient reallocation of resources, our model economy with financial frictions converges slowly to the new steady state--it takes twice as...

Persistent link: https://www.econbiz.de/10012462256

Why Doesn't Asia Have Bigger Bond Markets?

Eichengreen, Barry - 2004

Asia's underdeveloped bond markets and dependence on bank finance have been topics of concern since the crisis of 1997 … characteristics and macroeconomic and financial policies account fully for differences in bond market development between Asia and the … rest of the world. Once one controls for these characteristics and policies, in other words, there is no residual Asia …

Persistent link: https://www.econbiz.de/10012468117

Finance, inequality, and poverty : cross-country evidence

Beck, Thorsten - 2004

"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...

Persistent link: https://www.econbiz.de/10010522996

Finance, Inequality, and Poverty : Cross-Country Evidence

Beck, Thorsten - 2004

While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...

Persistent link: https://www.econbiz.de/10012467709

Financial Development and the Composition of Industrial Growth

Fisman, Raymond - 2003

We re-examine the role of financial market development in the intersectoral allocation of resources. Specifically, we propose the use of a new methodology that looks at the co-movement in growth rates across pairs of countries to examine the role of financial development in allowing firms to...

Persistent link: https://www.econbiz.de/10012469127

Government, Financial Markets, and Economic Development

Stiglitz, Joseph E. - 1991

Ideological debates on the role of government in development have focused on two contrasting prescriptions: one calling for large scale government interventions to solve problems of massive market failures, the other for the unfettering of markets, with the dynamic forces of capitalism naturally...

Persistent link: https://www.econbiz.de/10012475342

Financial Factors in Economic Development

Dornbusch, Rudiger - 1989

isolated in the respective experiences: in Asia unrepressed financial markets in mobilizing saving and allocating investment …

Persistent link: https://www.econbiz.de/10012476165

Financial Development, Growth, and Crisis : Is There a Trade-Off?

Loayza, Norman - 2018

This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnect--with one literature focusing on the effect of financial deepening on long-run growth and another studying its impact on volatility and...

Persistent link: https://www.econbiz.de/10012453240

The Origins of Financial Development : How the African Slave Trade Continues to Influence Modern Finance

Levine, Ross - 2017

We assess how the African slave trade--which had enduring effects on social cohesion--continues to influence financial systems. After showing that the intensity with which people were enslaved and exported from Africa during the 1400 - 1900 period helps account for overall financial development,...

Persistent link: https://www.econbiz.de/10012453911

Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya

Allen, Franklin - 2012

With extensive country- and firm-level data sets we first document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We also find that population density appears to be considerably more important...

Persistent link: https://www.econbiz.de/10012460646

1
2
3
4
5
6
7
8
9
10
Next
Last