Showing 1 - 10 of 87
The financial sector in advanced economies has undergone significant evolution driven by restructuring, globalization, and the digital revolution, which have profoundly shaped its developmental dynamics. This study investigates the forces behind the growth and convergence of the financial sector...
Persistent link: https://www.econbiz.de/10014339316
recent trends in the world economy: the global financial crisis and the 2011 Japanese natural disasters (tsunami, earthquake …
Persistent link: https://www.econbiz.de/10011409896
This study evaluates the economic impact of severe natural disasters in Africa using the generalized synthetic control … method. In other words, it assesses how gross domestic product (GDP) would have been affected if severe natural disasters did … capital. We find that severe natural disasters induce a significant and continuous reduction of GDP many years after the event …
Persistent link: https://www.econbiz.de/10012799847
This study examines conditional financial development from information sharing in 53 African countries for the period 2004-2011, using contemporary and non-contemporary quantile regressions (QR) which enable the assessment of the effect of information sharing throughout the conditional...
Persistent link: https://www.econbiz.de/10011417477
The paper assesses how remittances directly and indirectly affect industrialisation in a panel of 49 African countries for the period 1980-2014. The indirect impact is assessed through financial development channels. The empirical evidence is based on three interactive and non-interactive...
Persistent link: https://www.econbiz.de/10011542423
Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographic isolation and financial development across the globe. We find that pre-historic geographical isolation has been beneficial to...
Persistent link: https://www.econbiz.de/10011496342
This study investigates the effect information sharing has on financial sector development in 53 African countries for the period 2004-2011. Information sharing is measured with private credit bureaus and public credit registries. Hitherto unexplored dimensions of financial sector development...
Persistent link: https://www.econbiz.de/10011496420
The present inquiry contributes to extant literature by simultaneously accounting for variations in financial development and financial globalisation in the assessment of hypothetical initial financial development conditions for the rewards of financial globalisation. The policy relevance for...
Persistent link: https://www.econbiz.de/10011407925
Purpose - We investigate if financial development benefits from financial globalisation are questionable until certain thresholds of financial globalisation are attained. Design/methodology/approach - Financial globalisation is proxied with Net Foreign Direct Investment Inflows as a percentage...
Persistent link: https://www.econbiz.de/10011407934
We examine policy thresholds of information sharing for financial development in 53 African countries for the period 2004-2011. Public credit registries (PCR) and private credit bureaus (PCB) are used as proxies for reducing information asymmetry whereas financial development includes all...
Persistent link: https://www.econbiz.de/10011408485