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Financial Inclusion and Inclusive Growth : A Review of Recent Empirical Evidence

Demirgüç-Kunt, Asli - 2017

There is growing evidence that appropriate financial services have substantial benefits for consumers, especially women and poor adults. This paper provides an overview of financial inclusion around the world and reviews the recent empirical evidence on how the use of financial products -- such...

Persistent link: https://www.econbiz.de/10012957773

Finance and Economic Development : Policy Choices for Developing Countries

Demirgüç-Kunt, Asli - 2016

The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development - as captured by size, depth, efficiency, and reach of financial systems - varies sharply around the world, with large...

Persistent link: https://www.econbiz.de/10012748025

Are Large Firms Born or Made? Evidence from Developing Countries

Ayyagari, Meghana - 2017

This paper uses survey data from 120 developing countries to compare the role of institutions with firm characteristics …

Persistent link: https://www.econbiz.de/10012971131

The Evolving Importance of Banks and Securities Markets

Demirgüç-Kunt, Asli - 2017

This paper examines the evolving importance of banks and securities markets during the process of economic development. As economies develop, they increase their demand for the services provided by securities markets relative to those provided by banks, such that securities markets become...

Persistent link: https://www.econbiz.de/10012975752

Small vs. Young Firms Across the World : Contribution to Employment, Job Creation, and Growth

Ayyagari, Meghana - 2016

This paper investigates the contribution of small firms to employment, job creation, and growth in developing countries. While small firms (20 employees) have the smallest share of aggregate employment, the SME sector's (100 employees) contribution is comparable to that of large firms. Small...

Persistent link: https://www.econbiz.de/10013008648

Bank Regulation and Supervision Ten Years after the Global Financial Crisis

Anginer, Deniz - 2020

This paper summarizes the latest update of the World Bank Bank Regulation and Supervision Survey. The paper explores and summarizes the evolution in bank capital regulations, capitalization of banks, market discipline, and supervisory power since the global financial crisis. It shows that...

Persistent link: https://www.econbiz.de/10012846812

Determinants of International Buyout Investments

Aldatmaz, Serdar - 2020

Using a comprehensive and proprietary data set on international private equity activity, this paper studies the determinants of buyout investments across 61 countries and 19 industries over 1990-2017. The study finds evidence that macroeconomic conditions, development of stock and credit...

Persistent link: https://www.econbiz.de/10012838894

The Microfinance Business Model : Enduring Subsidy and Modest Profit

Cull, Robert - 2017

depend on low costs. This paper uses proprietary data on 1,335 microfinance institutions between 2005 and 2009, jointly … percentile. These data suggest that, for some institutions, even modest benefits could yield impressive cost-benefit ratios. At … the same time, the data show that the subsidy is large for some institutions. Counter to expectations, the most heavily …

Persistent link: https://www.econbiz.de/10012968214

Saving for Old Age

Demirgüç-Kunt, Asli - 2017

Countries around the world face a retirement crisis brought on by aging populations, declining birthrates, and fiscal shortfalls. As a result, policy makers increasingly seek to understand retirement savings patterns, a crucial component of the safety net for the elderly. Drawing on the 2014...

Persistent link: https://www.econbiz.de/10012968757

How Does Long-Term Finance Affect Economic Volatility?

Demirgüç-Kunt, Asli - 2017

risk. Institutions that facilitate the availability of credit information and contract enforcement mitigate the refinancing …

Persistent link: https://www.econbiz.de/10012970254