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Financial Sector and Economic Growth in India
MacDonald, Margaux; Xu, TengTeng - 2022
and analyze the link between bank balance sheets, credit growth, and long-term growth using bank-level panel regressions …
Persistent link: https://www.econbiz.de/10013404160
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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 of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to...
Persistent link: https://www.econbiz.de/10012950363
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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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The Riskiness of Credit Allocation and Financial Stability
Brandao-Marques, Luis - 2019
We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we show that the riskiness of credit allocation, captured by Greenwood and Hanson...
Persistent link: https://www.econbiz.de/10012859862
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Financial Soundness Indicators and the Characteristics of Financial Cycles
Che, Natasha - 2014
Better “financial soundness” of banks could help mitigate the volatility of financial cycles by reducing banks' risk exposure. But trying to improve financial soundness in the midst of a downturn can do the opposite—further aggravating the contraction of credit. Consistent with this...
Persistent link: https://www.econbiz.de/10013058441
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A Comprehensive Multi-Sector Tool for Analysis of Systemic Risk and Interconnectedness (Syrin)
Cortes, Fabio - 2018
This paper presents the Systemic Risk and Interconnectedness (SyRIN) tool. SyRIN allows a comprehensive assessment of systemic risk via quantification of the impact of risk amplification mechanisms, due to interconnectedness structures across banks and other financial intermediaries-insurance,...
Persistent link: https://www.econbiz.de/10012927459
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Tech in Fin Before FinTech : Blessing or Curse for Financial Stability?
Pierri, Nicola - 2020
adoption for financial stability. We estimate bank-level intensity of IT adoption before the global financial crisis using a … novel dataset that provides information on hardware used in US commercial bank branches after mapping them to their parent … bank. We find that higher intensity of IT-adoption led to significantly lower non-performing loans when the crisis hit …
Persistent link: https://www.econbiz.de/10012831611
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South Africa : The Financial Sector-Sovereign Nexus
Hesse, Heiko; Miyajima, Ken - 2022
Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the “financial sector-sovereign nexus,” during the ongoing COVID-19 pandemic. In South Africa, the...
Persistent link: https://www.econbiz.de/10013294996
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Macrofinancial Linkages and Growth at Risk in the Dominican Republic
Bespalova, Olga - 2019
This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook and its probability distribution. Using this approach, we evaluate risks to GDP growth in the Dominican Republic using quarterly data for 1996-2018. We group macrofinancial...
Persistent link: https://www.econbiz.de/10012858379