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Granularity in Banking and Growth : Does Financial Openness Matter?

Bremus, Franziska - 2013

We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...

Persistent link: https://www.econbiz.de/10013077036

The Volatility Curse : Revisiting the Paradox of Plenty

van der Ploeg, Rick - 2013

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/10012753136

GDP Growth, Private Debt and Monetary Policy

Cafiso, Gianluca - 2017

Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the objective of this work is to understand how much of the GDP response to a monetary shock is due to the variation of private debt. This is the marginal contribution of private...

Persistent link: https://www.econbiz.de/10012953691

Does Pension Privatization Increase Economic Growth? Evidence from Latin America and Eastern Europe

Altiparmakov, Nikola - 2016

Analyses of pension funding effects on economic growth need to differentiate between ‘carve-out' pension privatization … evidence that pension privatization in Latin America and Eastern Europe was associated with higher economic growth. The result … particularly unlikely in countries resorting to debt-financed privatization. Furthermore, we note the lack of positive pension …

Persistent link: https://www.econbiz.de/10012980582

Why is China Investing in Africa? Evidence from the Firm Level

Chen, Wenjie - 2016

China's increased trade with and investment in Africa have boosted the continent's economic growth but have also generated considerable controversy. In this paper we investigate China's outward direct investment ODI in Africa using macro and micro data. The aggregate data on China's ODI in...

Persistent link: https://www.econbiz.de/10012987345

Growth, Foreign Direct Investment and Urban Concentrations : Unbundling Spatial Lags

Poelhekke, Steven - 2014

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...

Persistent link: https://www.econbiz.de/10012751105

How Should Financial Intermediation Services Be Taxed?

Lockwood, Ben - 2010

This paper considers the optimal taxation of savings intermediation and payment services in a dynamic general equilibrium setting, when the government can also use consumption and income taxes. When payment services are used in strict proportion to final consumption, and the cost of...

Persistent link: https://www.econbiz.de/10013136605

Indirect Taxation of Financial Services

Christiansen, Vidar - 2017

An important question is whether VAT exemption of financial services is a desirable property or whether it is justified only due to practical and administrative necessity. This paper singles out a number of financial services for discussion of this issue in a context allowing for other taxes and...

Persistent link: https://www.econbiz.de/10012944948

Determinants of Financial Inclusion of Urban Poor in India : An Empirical Analysis

Bhattacharyay, Biswa N. - 2016

Financial inclusion is crucial for the inclusive and sustainable economic growth of developing countries. Access to financial services to all citizens, particularly to low income and poor people is a key to promote inclusive growth. While rural financial inclusion assumes importance from policy...

Persistent link: https://www.econbiz.de/10012979589

How Do Banks Interact with Fintech Startups?

Hornuf, Lars - 2020

The increasing pervasiveness of technology-driven firms that offer banking services has led to a growing pressure on traditional banks to modernize their core business activities. Many banks tackle the challenges of digitalization by cooperating with startup firms that offer technology-driven...

Persistent link: https://www.econbiz.de/10012851315

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