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Banks As Coordinators of Economic Growth
Ueda, Kenichi - 2006
quantity, banks control firms'' investments. Each bank forms a firm group endogenously and internalizes externalities directly …This paper formally identifies an important role of banks: Banks competitively internalize production externalities and … facilitate economic growth. I formulate a canonical growth model with externalities as a game among consumers, firms, and banks …
Persistent link: https://www.econbiz.de/10014399670
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Dollarization and financial development
Bannister, Geoffrey J.; Gardberg, Malin; Turunen, Jarkko - 2018
Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization,...
Persistent link: https://www.econbiz.de/10011932543
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Financial Deepening, Inequality, and Growth : A Model-Based Quantitative Evaluation
Townsend, Robert M. - 2003
We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With...
Persistent link: https://www.econbiz.de/10014400139
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Financial Development and Economic Growth : An Overview
Khan, Mohsin S. - 2000
In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial...
Persistent link: https://www.econbiz.de/10014403474
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Financial Development and Economic Growth
Guidotti, Pablo Emilio - 1992
by the ratio of bank credit to the private sector as a fraction of GDP. We find that this proxy enters significantly and …
Persistent link: https://www.econbiz.de/10014397886
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Financial Development and Economic Growth : An Economic Analysis for Singapore
Leigh, Lamin - 1996
With the emergence of the rapidly expanding literature on endogenous growth, the relationship between financial development and economic growth has received a new source of inspiration. Recent cointegration techniques that focus on the estimation and the identification of long-run economic...
Persistent link: https://www.econbiz.de/10014398751
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Linkages Between Financial Variables, Financial Sector Reform and Economic Growth and Efficiency
Johnston, R. B. - 1995
This paper analyzes the different channels through which financial variables and financial sector reform can affect economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector reform is hypothesized to affect economic growth and...
Persistent link: https://www.econbiz.de/10014395836
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Market Phoenixes and Banking Ducks Are Recoveries Faster in Market-Based Financial Systems?
Allard, Julien - 2011
Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies … and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in … particular the more bank-based economies of continental Europe). Further, stronger recoveries also tend to be associated with …
Persistent link: https://www.econbiz.de/10014398329
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The Impact of External Indebtednesson Poverty in Low-Income Countries
Kalonji, Kadima D. - 2003
This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty,...
Persistent link: https://www.econbiz.de/10014403859
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Financial inclusion : what have we learned so far? : what do we have to learn?
Barajas, Adolfo; Beck, Thorsten; Belhaj, Mohamed; Ben … - 2020
, such as encouraging banking competition or channeling government payments through bank accounts, play an important role …
Persistent link: https://www.econbiz.de/10012300650