Showing 1 - 10 of 1,086
Persistent link: https://www.econbiz.de/10009747218
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
This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970–2010. The empirical results vary with estimation methodology and model specification, but indicate the lack of long-run relationship between financial...
Persistent link: https://www.econbiz.de/10014395239
This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit...
Persistent link: https://www.econbiz.de/10014404211
This paper studies the relationship between economic growth and financial development in China during the post-1978 … find that while a positive correlation between growth and financial intermediation exists in China, the association is more … apparent than real. The nonstate sector, which contributed most to China''s remarkable growth during this period, did not use …
Persistent link: https://www.econbiz.de/10014401495
In this paper, we develop an alternative approach to estimate the size of the shadow banking system, using official data reported to the IMF complemented by other data sources. We base our alternative approach on the expansion of the noncore liabilities concept developed in recent literature to...
Persistent link: https://www.econbiz.de/10010479339
This study investigates the relationship between production efficiency in financial intermediation and financial system size. The study predicts and tests for the existence of ""systemic scale economies"" (SSEs), whereby value-maximizing intermediaries operating in large systems are expected to...
Persistent link: https://www.econbiz.de/10014399577
Persistent link: https://www.econbiz.de/10009756798
An endogenous growth model with financial intermediation demonstrates how deposit insurance and prudential regulatory forbearance lead to banking crises and growth declines. The model assumptions are based on features of the Japanese financial system and regulation. The model demonstrates how...
Persistent link: https://www.econbiz.de/10014404180
This paper investigates the potential relationships between financial structures and economic outcomes. The empirical results that withstand a battery of methods suggest that some financial intermediation structures are likely to be more closely related to positive economic outcomes than others....
Persistent link: https://www.econbiz.de/10014395179