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Financial Development and Economic Growth : An Overview
Khan, Mohsin S. - 2000
In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial...
Persistent link: https://www.econbiz.de/10014403474
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The non-U.S. bank demand for U.S. dollar assets
Adrian, Tobias; Xie, Peichu - 2020
The USD asset share of non-U.S. banks captures the demand for dollars by these investors. An instrumental variable strategy identifies a causal link from the USD asset share to the USD exchange rate. Cross-sectional asset pricing tests show that the USD asset share is a highly significant...
Persistent link: https://www.econbiz.de/10012252026
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Is mobile money part of money? : understanding the trends and measurement
Shirono, Kazuko; Das, Bidisha; Fan, Yingjie; Chhabra, Esha - 2021
The rapid uptake of mobile money in recent years has generated new data needs and growing interest in understanding its … impact on broad money. This paper reviews mobile money trends using mobile money data from the Financial Access Survey (FAS …) and examines the statistical treatment of mobile money under the IMF's Monetary and Financial Statistics (MFS) framework …
Persistent link: https://www.econbiz.de/10012605686
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Managing the impact of resource booms on the real effective exchange rate : the role of financial sector development
Herderschee, Han; Li, Ran; Ouedraogo, Abdoulaye; … - 2021
Whereas most of the literature related to the so-called 'resource curse' tends to emphasize on institutional factors and public policies, in this research we focus on the role of the financial sector, which has been surprisingly overlooked. We find that countries that have financial systems with...
Persistent link: https://www.econbiz.de/10012518905
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The term effect of financial cycle variables on GDP growth
Wang, Bo; Xiao, Yang - In: Journal of international money and finance 139 (2023), pp. 1-30
Persistent link: https://www.econbiz.de/10014478241
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Monetary Policy, Monetary Areas, and Financial Development with Electronic Money
Arnone, Marco - 2004
Electronic money (e-money), as a network good, could become an important form of currency in the future. Such a … development could affect monetary policy effectiveness. If an increased use of e-money substantially limits the demand for central … bank reserves, this limitation would require changes in the central bank operational target and a closer coordination of …
Persistent link: https://www.econbiz.de/10014400854
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Assessing cross-border interconnectedness between shadow banking systems
Fong, Tom; Sze, Kin Wan; Ho, Ho Cheung - In: Journal of international money and finance 110 (2021), pp. 1-13
Persistent link: https://www.econbiz.de/10012795432
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In Finance, Size Matters
Lee, Jong-Kun - 2002
This study investigates the relationship between production efficiency in financial intermediation and financial system size. The study predicts and tests for the existence of ""systemic scale economies"" (SSEs), whereby value-maximizing intermediaries operating in large systems are expected to...
Persistent link: https://www.econbiz.de/10014399577
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Should Banks Be Narrowed?
Bossone, Biaggio - 2001
the real economy. The study also runs an empirical exercise to estimate the costs of bank narrowness and draws policy …
Persistent link: https://www.econbiz.de/10014403522
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Money is the root of asset bubbles
Awaya, Yu; Iwasaki, Kohei; Watanabe, Makoto - 2024
not created due to a hold-up problem. Monetary expansion increases buyers' money holdings, and then, dealers are willing …
Persistent link: https://www.econbiz.de/10014467370