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Examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform.--From publisher description
Persistent link: https://www.econbiz.de/10003711585
positive and significant impact of Equity Bank, a leading private commercial bank on financial access, especially for under …-privileged households. Equity Bank's business model--providing financial services to population segments typically ignored by traditional …
Persistent link: https://www.econbiz.de/10012460646
The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth because past instability in the demand for simple-sum monetary aggregates had made these aggregates unreliable indicators. We find that the demand for more theoretically-based...
Persistent link: https://www.econbiz.de/10014322692
For over a century, economists and policy makers have debated the relative merits of bank-based versus market …-based financial systems. Recent research, however, argues that classifying countries as bank-based or market is not a very fruitful … robustly linked with economic growth, there is no support for either the bank-based or market-based view …
Persistent link: https://www.econbiz.de/10012469571
This paper describes our construction of the Global Financial Development Database and uses the data to compare financial systems around the world. The database provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of (1) size of...
Persistent link: https://www.econbiz.de/10012459715
that has survived the worst of the economic and political crises of the last decades is highly profitable. Bank …
Persistent link: https://www.econbiz.de/10012460372
This paper explores how different types of financial regulation could combat many of the phenomena that were observed in the financial crisis of 2007 to 2009. The primary contribution is the introduction of a model that includes both a banking system and a "shadow banking system" that each help...
Persistent link: https://www.econbiz.de/10012460749
China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate Financing to the Real Economy (AFRE), a broad measure...
Persistent link: https://www.econbiz.de/10013361979
We study the transmission of monetary policy through bank securities portfolios using granular supervisory data on U ….S. bank securities, hedging positions, and corporate credit. Banks that experienced larger losses on their securities during …
Persistent link: https://www.econbiz.de/10014544727
shocks of sanctions and falling oil prices suffered by Russia in 2014, we investigate the effects on Italian firms and banks … to Russia, but it did not affect the overall amount of credit available to them. Banks relatively more exposed to Italian … exporters to Russia cut their overall credit supply, especially vis-à-vis ex ante risky borrowers, but continued to provide …
Persistent link: https://www.econbiz.de/10014250188