Showing 1 - 10 of 151
Migrant remittances increased strongly since the 1980s, becoming an important and reliable source of funds for many … developing countries. Therefore, there is a strong incentive for receiving countries to attract more remittances, especially … remittances and potential measurement errors. We find a strong positive statistical and economic effect of remittances on …
Persistent link: https://www.econbiz.de/10009291635
habits: migrants who regularly use internet banking for other purposes are more likely to use bank services for remittances …
Persistent link: https://www.econbiz.de/10010757290
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...
Persistent link: https://www.econbiz.de/10005106643
We investigate the relationship between a country's domestic financial development and the (composition of its) net foreign asset position using a pooled mean group estimator and data for 51 countries during the period 1970-2007. The results show that financial development reduces a country's...
Persistent link: https://www.econbiz.de/10009652211
This paper presents empirical evidence from the Netherlands indicating that the current policy based on information is unlikely to help people make the pension choices required in a system in which employees are the ultimate bearers of asset market risk. This holds even if information is made...
Persistent link: https://www.econbiz.de/10010596089
Financial constraints and risk taking are two well-established determinants of firm performance, however, no research analyzes how these variables are connected in the context of a high risk environment. Using data from microfinance clients in Tanzania, we derive a novel financial constraints...
Persistent link: https://www.econbiz.de/10010757279
This paper reviews studies exploring how higher bank capital requirements affect economic growth. There is little evidence of a direct effect; research focuses on the indirect effects of capital requirements on credit supply, bank asset risk, and cost of bank capital, which in turn can affect...
Persistent link: https://www.econbiz.de/10011213677
We examine whether bank earnings volatility depends on bank size and the degree of concentration in the banking sector. Using quarterly data for non-investment banks in the United States for the period 2004Q1-2009Q4 and controlling for the quality of management, leverage, and diversification ,...
Persistent link: https://www.econbiz.de/10008861750
This paper discusses liquidity regulation when short-term funding enables credit growth but generates negative systemic risk externalities. It focuses on the relative merit of price versus quantity rules, showing how they target different incentives for risk creation. When banks differ in credit...
Persistent link: https://www.econbiz.de/10009018569
The crisis of 2007-2009 has shown that financial market turbulence can lead to huge funding liquidity problems for banks. This paper provides empirical evidence on banks' responses to wholesale funding shocks, using data of seventeen of the largest Dutch banks over the period January 2004 to...
Persistent link: https://www.econbiz.de/10009018572