Narrow search
Showing 1 - 10 of 578
Cover Image
Fair and Inclusive Markets : Why Dynamism Matters
Aghion, Philippe; Cherif, Reda; Hasanov, Fuad - 2021
We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income inequality are characterized by dynamism-a drive...
Persistent link: https://www.econbiz.de/10013243057
Cover Image
Competition, Innovation, and Inclusive Growth
Aghion, Philippe; Hasanov, Fuad; Cherif, Reda - 2022
We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad-based growth. However, new technologies and trends in...
Persistent link: https://www.econbiz.de/10013306810
Cover Image
Consolidation and Market Structure in Emerging Market Banking Systems
Gelos, R.; Roldos, Jorge - 2021
significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this … increased participation of foreign banks, appears to have prevented a decline in competitive pressures associated with …
Persistent link: https://www.econbiz.de/10013212306
Cover Image
International Trade and Corporate Market Power
Gonzalez-Garcia, Jesus - 2020
This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff data by sector and aggregate indicators of international...
Persistent link: https://www.econbiz.de/10012826015
Cover Image
Government Intervention and Bank Market Power : Lessons from the Global Financial Crisis for the COVID-19 Crisis
Tan, Brandon; Igan, Deniz; Martinez Peria, Maria Soledad; … - 2021
government interventions in more than 800 banks across 27 countries between 2007 and 2017. For identification, we use a … multivariate matching method. We find that intervened banks experience a significant decline in market power with respect to … matched non-intervened banks. This effect is more pronounced for larger and longer interventions and is driven by a rise in …
Persistent link: https://www.econbiz.de/10013250086
Cover Image
Monetary Policy Implications Central Bank Digital Currencies : Perspectives on Jurisdictions with Conventional and Islamic Banking Systems
Lukonga, Inutu - 2023
moderate disintermediation risks, but they are not sufficient. Central banks will need to ensure that unintended macroeconomic …
Persistent link: https://www.econbiz.de/10014355809
Cover Image
Financial Inclusion and Bank Competition in Sub-Saharan Africa
Mengistu, Azanaw - 2019
In this paper we study how competition and financial soundness affect financial inclusion in Sub-Saharan Africa (SSA). We use detailed individual-level survey data, combined with key country-level indicators of bank competition and financial soundness, to study the effect on the adoption of...
Persistent link: https://www.econbiz.de/10012895126
Cover Image
Product Market Deregulation and Growth : New Country-Industry-Level Evidence
Bouis, Romain - 2016
The paper investigates the economic effects of major product market reforms in some of the historically most protected non-manufacturing industries. It relies on a unique mapping between new annual data on reform shocks and sector-level outcomes for five network industries (electricity and gas,...
Persistent link: https://www.econbiz.de/10012977853
Cover Image
On the First-Round Effects of International Food Price Shocks : The Role of the Asset Market Structure
Portillo, Rafael - 2015
We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...
Persistent link: https://www.econbiz.de/10013025650
Cover Image
A Simultaneous Equations Model for World Crude Oil and Natural Gas Markets
Krichene, Noureddine - 2021
A model for world crude oil and natural gas markets is estimated. It confirms low price and high income elasticities of demand for both crude oil and natural gas, which explains the market power of oil producers and price volatility following shocks. The paper establishes a relationship between...
Persistent link: https://www.econbiz.de/10013318085