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This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking … risk are the main determinants of banking sector development in Africa, and that stock market liquidity, domestic savings …, banking sector development, and political risk are the main determinants of stock market development. We also find that …
Persistent link: https://www.econbiz.de/10012677837
Intro -- Contents -- I. INTRODUCTION -- II. MODEL SETTING AND CHARACTERISTICS -- III. UNIQUE EQUILIBRIUM CANDIDATE WITH STRATEGIC INTERMEDIATION -- IV. EXISTENCE OF AN EQUILIBRIUM WITH FREE RECONTRACTING OPPORTUNITY -- V. DISCUSSION -- VI. CONCLUDING REMARKS -- REFERENCES -- APPENDIX I. PROOFS...
Persistent link: https://www.econbiz.de/10012691170
banking system. Domestic and external macro-financial variables are found to be closely associated with banking soundness. At …
Persistent link: https://www.econbiz.de/10012677777
The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa …
Persistent link: https://www.econbiz.de/10012677506
As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in...
Persistent link: https://www.econbiz.de/10012677735
indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … analysis of bank-to-bank linkages suggests that any 'globalization' of the euro area crisis is likely to be channelled through …
Persistent link: https://www.econbiz.de/10014409425
Contents -- I. INTRODUCTION -- II. METHODOLOGY AND DATA -- III. DYNAMIC FACTORS AND EPISODES OF BUSINESS CYCLES -- IV. SOURCES OF BUSINESS CYCLE FLUCTUATIONS: 1960-2005 -- V. GLOBALIZATION AND THE EVOLUTION OF INTERNATIONAL BUSINESS CYCLES -- VI. SENSITIVITY EXPERIMENTS -- VII. CONCLUSION --...
Persistent link: https://www.econbiz.de/10012682176
Persistent link: https://www.econbiz.de/10012682178
Contents -- I. INTRODUCTION -- II. THEORETICAL LITERATURE AND EMPIRICAL EVIDENCE -- III. THEORETICAL MODEL -- IV. DATA SOURCES AND VARIABLE CONSTRUCTION -- V. ESTIMATION METHODOLOGY AND RESULTS -- VI. CONCLUSIONS -- APPENDIXES
Persistent link: https://www.econbiz.de/10012682183
Persistent link: https://www.econbiz.de/10012690987