Showing 1 - 10 of 1,145
India's financial sector has faced many challenges in recent decades, with a large, negative, and persistent credit to …
Persistent link: https://www.econbiz.de/10015060270
Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in which monetary policy operates. In light of these...
Persistent link: https://www.econbiz.de/10012677797
Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...
Persistent link: https://www.econbiz.de/10015058746
explaining China's and India's growth. Specific financial sector policies are shown to map well the size and changes in the …
Persistent link: https://www.econbiz.de/10012677577
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
This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets. The results show that income level, creditor rights protection, financial repression, and political risk are the main determinants of banking sector...
Persistent link: https://www.econbiz.de/10012677837
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 progress...
Persistent link: https://www.econbiz.de/10015060274
dangers and reasons for India's growth slowdown and proposes policy reforms for sustaining fast growth …
Persistent link: https://www.econbiz.de/10009620975
This paper analyzes the drivers of India's growth in the past five decades and considers baseline and upside scenarios … of India's medium-term potential growth. Using a production function approach, the paper assesses the impact of the …
Persistent link: https://www.econbiz.de/10015059507
While India’s growth has been strong in recent decades, its structural transformation remains incomplete. In this paper …, we first take stock of India’s growth to date. We find that economic activity has shifted from agriculture to services … consider India’s employment challenge going forward. We find that India needs to create between 143-324 million jobs by 2050 …
Persistent link: https://www.econbiz.de/10015080244