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Does Openness Matter for Financial Development in Africa?
David, Antonio C. - 2014
This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...
Persistent link: https://www.econbiz.de/10013050666
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Capital Inflows, Financial Development, and Domestic Investment : Determinants and Inter-Relationships
Luca, Oana - 2012
We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment … macroeconomic policy. Both private capital inflows and domestic credit exert a positive effect on investment; they also mediate most … of the investment impact of the global price of risk and domestic borrowing costs. Surprisingly, neither greater domestic …
Persistent link: https://www.econbiz.de/10013102284
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Systemic Risk Assessment in Low Income Countries : Balancing Financial Stability and Development
Marchettini, Daniela - 2015
We propose a toolkit for the assessment of systemic risk buildup in low income countries. We show that, due to non-linearity in the relationship between credit and financial stability, the assessment should be conducted with different tools at different stages of financial development. In...
Persistent link: https://www.econbiz.de/10013015592
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Taming Financial Development to Reduce Crises
Ben Naceur, Sami - 2019
This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...
Persistent link: https://www.econbiz.de/10012868462
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What Matters for Financial Development and Stability?
Almarzoqi, Raja - 2015
This study aims to identify policies that influence the development of financial institutions as measured across three dimensions: depth, efficiency, and stability. Applying the concept of the financial possibility frontier, developed by Beck & Feyen (2013) and formalized by Barajas et al...
Persistent link: https://www.econbiz.de/10013015608
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Financial Development and Inclusion in the Caribbean
Li, Chuan - 2018
Many Caribbean financial systems are relatively well developed for their size but benefits are concentrated in a small part of the population. In several large countries, the financial development levels are below what is warranted by that country's own macroeconomic fundamentals. SMEs, in...
Persistent link: https://www.econbiz.de/10012922629
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Dollarization and Financial Development
Bannister, Geoffrey J. - 2018
Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization,...
Persistent link: https://www.econbiz.de/10012909419
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Financial Development and Growth in the Caucasus and Central Asia
Poghosyan, Tigran - 2022
This paper presents stylized facts on financial development in the CCA countries relative to their EM and LIC peers and assesses how financial development can boost growth in the CCA. Drawing on IMF’s multidimensional index of financial development, we find that CCA countries have made...
Persistent link: https://www.econbiz.de/10014030320
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Finance, Growth, and Inequality
Levine, Ross - 2022
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...
Persistent link: https://www.econbiz.de/10013306793
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Financial Development and Source of Growth : New Evidence
Ben Naceur, Sami - 2017
This paper examines how financial development affects the sources of growth-productivity and investment-using a sample …, investment, and productivity. The relationship is more complex. The influence of the different dimensions of financial …
Persistent link: https://www.econbiz.de/10012950363