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Deregulation of the financial system often proceeds in tandem with macroeconomic stabilization centered on monetary and other financial targets. This paper presents a model where there may be conflict between these processes. The indicator properties of some financial variables may be rendered...
Persistent link: https://www.econbiz.de/10014397928
is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 … percent in Africa. We explain cross-country differences in portfolio choice by variables that proxy differences in the risk … (HIPC) on capital repatriation; and why so much of Africa’s private wealth is held outside the continent …
Persistent link: https://www.econbiz.de/10014400936
Union but, when possible, transition countries, in Asia and Africa are also considered. The main findings are that …
Persistent link: https://www.econbiz.de/10014403596
Persistent link: https://www.econbiz.de/10009488691
Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy weaknesses in bank balance sheets, consumption-led economic growth, and relatively high net interest margins. Bank-level analysis suggests that interest margins in the Philippines rise...
Persistent link: https://www.econbiz.de/10014396582
Asian equity markets have grown significantly in size since the early 1990s, driven by strong international investor inflows, growing regional financial integration, capital account liberalization, and structural improvements to markets. The development of equity markets provides a more...
Persistent link: https://www.econbiz.de/10014399773
used as a leading indicator. Based on the FCI, financial conditions in Asia tightened substantially earlier in the global … crisis, reflecting losses in the stock markets and tighter credit conditions. In early 2010, financial conditions in Asia …
Persistent link: https://www.econbiz.de/10014398600
The paper compares trends in financial integration within Asia with those in industrialized countries and other …
Persistent link: https://www.econbiz.de/10014403155
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 …
Persistent link: https://www.econbiz.de/10014402464
Persistent link: https://www.econbiz.de/10009424778