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International financial integration of Mediterranean economies : A bird’s-eye view

Peeters, Marga; Sabri, Nidal Rachid - Volkswirtschaftliche Fakultät, … - 2012

In light of the unprecedented developments in the financial sectors of developed economies in the years 2008-2009 and in view of the current political Arab upheaval, this paper reviews the pros and cons of financial integration of the South-Mediterranean region. Our analyses includes Morocco,...

Persistent link: https://www.econbiz.de/10011257867

The effects of mutual guarantee consortia on the quality of bank lending

Columba, Francesco; Gambacorta, Leonardo; Mistrulli, … - Volkswirtschaftliche Fakultät, … - 2009

In this paper we investigate whether or not mutual guarantee consortia (MGC), a financial institution well developed in Italy, alleviate the difficulties that Small and Medium Enterprises (SMEs) face when they ask for a bank loan. We find that the probability of a small firm affiliated to a MGC...

Persistent link: https://www.econbiz.de/10005109557

Performance and corporate governance in microfinance institutions

Mersland, Roy; Strøm, Reidar Øystein - Volkswirtschaftliche Fakultät, … - 2007

We trace the relationship between firm performance and corporate governance in microfinance institutions (MFI) utilising a self constructed global data set on MFIs, collected from third-party rating agencies. We study the effect of board characteristics, ownership type, competition and...

Persistent link: https://www.econbiz.de/10005617094

Firms as monitor of other firms: mutual guarantee institutions and SME finance

Columba, Francesco; Leonardo, Gambacorta; Paolo Emilio, … - Volkswirtschaftliche Fakultät, … - 2008

A large body of literature has shown that small firms, due to their opaqueness, may find it difficult to access the credit market. Informational asymmetries may be mitigated by posting collateral or by building relationships with lenders (relationship lending). However, in some cases, due to a...

Persistent link: https://www.econbiz.de/10005835569

Performance and corporate governance in microfinance institutions

Mersland, Roy; Strøm, Reidar Øystein - Volkswirtschaftliche Fakultät, … - 2007

Persistent link: https://www.econbiz.de/10005836719

Globalized Banking Sectors: Features and Policy Implications amidst Global Uncertainties

Siregar, Reza - Volkswirtschaftliche Fakultät, … - 2013

Amidst the global financial uncertainties since 2007, the East and Southeast Asian economies continued to attract a significant bulk of the global banks’ loans to emerging markets, albeit at a decelerating rate. The alleged advantages of these lending are wellknown. Yet the recent interruption...

Persistent link: https://www.econbiz.de/10011261126

Challenges for Systemic Risk Assessment in Low-Income Countries

Catalan, Mario; Demekas, Dimitri - Volkswirtschaftliche Fakultät, … - 2015

Assessing and monitoring systemic risk is a challenge for policy makers and supervisors in all countries. It is particularly challenging in low-income countries (LICs), owing to a number of characteristics shared to a greater or lesser extent by most of them. This paper discusses these common...

Persistent link: https://www.econbiz.de/10011274386

Firm Leverage and the Financial Crisis

Altunok, Fatih; Oduncu, Arif - Volkswirtschaftliche Fakultät, … - 2013

The firm growth dynamics is an important topic since the growth performance of firms is the main source of the economic growth in countries. Generally, crises produce a sharp decline in firms’ growth and this leads to a decline in both the level of employment and the income of households. This...

Persistent link: https://www.econbiz.de/10011258514

The Diversification Potential Offered by Emerging Markets in Recent Years

Camilleri, Silvio John; Galea, Gabriella - Volkswirtschaftliche Fakultät, … - 2009

This paper investigates the diversification prospects which may be reaped when investing in a mixture of emerging and … diversification potential and therefore risk reduction. Yet, the latter may be counterbalanced by the fact that emerging markets … that emerging markets have offered diversification potential. However we also find evidence of features which make it more …

Persistent link: https://www.econbiz.de/10011189011

Financial Openness and Financial Development: An Analysis Using Indices

Ozkok, Zeynep - Volkswirtschaftliche Fakultät, … - 2010

This paper examines the link between financial openness and financial development through panel data analysis on advanced and emerging market countries. Using indices, financial openness together with institutional and educational variables explains a large part of the variation in financial...

Persistent link: https://www.econbiz.de/10011107291