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We examine how the development of the digital infrastructure known as the “India Stack”—including an interoperable payments system, a universal digital ID, and other features—is delivering on the government’s objective to expand the provision of financial services. While each...
Persistent link: https://www.econbiz.de/10013226443
Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships or have been successful in replacing lost CBRs. However, the cost of services has increased...
Persistent link: https://www.econbiz.de/10012944967
a tax onshadow bank profits …
Persistent link: https://www.econbiz.de/10012929925
equity and efficiency in mind …
Persistent link: https://www.econbiz.de/10012962090
More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its …, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher …
Persistent link: https://www.econbiz.de/10012977791
In this paper, we investigate how negative interest rate policy (NIRP) introduced in January2016 by the Bank of Japan …
Persistent link: https://www.econbiz.de/10012913933
This paper examines the determinants of net interest margins in four regional blocks in Sub-Saharan Africa and one … comparator block in the Eastern Caribbean. Using bank-level data, we find that countries with a high level of operating costs, a … operating costs are associated with low measures of institutional quality and a small size of bank operations. We find support …
Persistent link: https://www.econbiz.de/10013085138
This paper studies the relationship between banks' holdings of domestic sovereign securities and credit growth to the private sector in emerging market and developing economies. Higher banks' holdings of government debt are associated with a lower credit growth to the private sector and with a...
Persistent link: https://www.econbiz.de/10012858956
Whether and to what extent tougher bank regulation weighs on economic growth is an open empirical question. Using data … from 28 manufacturing industries in 50 countries, we explore the extent to which cross-country differences in bank … enterprises. This relationship, however, exists only for bank-based systems and emerging market economies. In the pre …
Persistent link: https://www.econbiz.de/10012828242
The COVID-19 pandemic could result in large government interventions in the banking industry. To shed light on the possible consequences on market power, we rely on the experience of the global financial crisis and exploit granular data on government interventions in more than 800 banks across...
Persistent link: https://www.econbiz.de/10013250086