financial development are considered: financial access, efficiency, stability, and liberalization. Each aspect is represented by … income inequality and poverty, except financial liberalization, which tends to exacerbate them. Also, banking sector …

One of the challenges of financial stability analysis and bank stress testing is how to establish scenarios with … capital positions. The outcome suggests that spillover effects have a highly non-linear impact on bank soundness, both in …

By combining industry-level data on output and prices with monetary policy rates for a panel of 88 countries, this …

redistribution, and Anthony Atkinson, who showed how equity and efficiency canbe measured simultaneously and summarized in a single …

With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … costs and other pressures. Estimating investment efficiency, however, presents many methodological pitfalls. Using various … methods—–stochastic frontier analysis, data envelopment analysis (DEA), and bootstrapped DEA—this paper estimates efficiency …

We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We … first develop a theoretical model of the relationship between bank profitability and financial stability by exploring the … role of non-interest income and retail-oriented business models. We then conduct panel regression analysis to examine the …

We examine the effect of bank capital levels on firm investment drawing on a sample of 11,106 non-financial firms from … 2007 to 2013 in 16 advanced economies. We examine two measures of bank capital adequacy, the Tier 1 ratio and a simple …, suggesting that bank balance sheets and their willingness to extend credit can be an important factor in determining aggregate …