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The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
The significance of financial education as a transformation agent in the financial inclusion agenda of the nation is undisputed in academic as well as practitioner’s circle. This paper discusses its impact on the financial well being of the people and further highlights the steps taken by...
Persistent link: https://www.econbiz.de/10011258745
This article empirically analyzes the role of finance in economic growth in Sub-Saharan Africa from the perspective of … what is termed herein “financial permeation”. By estimating panel data on 37 countries in Sub-Saharan Africa between 2004 … significant and robust effect on increasing economic growth in Sub-Saharan Africa. …
Persistent link: https://www.econbiz.de/10011259255
The two decades of post reform period in India witnessed transformation of the economy in to a higher growth plane signaling the arrival of the country in the global stage. But this robust growth failed to translate the economic well being of the large number of marginalized and excluded...
Persistent link: https://www.econbiz.de/10009322627
and data is collected from 26 Districts and 48 Public, Private and Regional Rural Banks through the Lead Bank System … Operationalisation, every parameter is assigned a score. The cumulative score for all the parameters for a bank or a district are added … the Cross Sectional Data and recommendations are made to the concerned Bank or District under study. Further, the No …
Persistent link: https://www.econbiz.de/10008694034
In crisis times, depositors get anxious, can run on banks, and withdraw their deposits. Correlated withdrawals of bank … deposits could be mitigated if bank deposits are more diversified, i.e. held by more individuals. This paper examines the link … between a broader access to bank deposits prior to the 2008 crisis and the dynamics of bank deposit growth in the crisis …
Persistent link: https://www.econbiz.de/10010678307
With the help of modern information communication technology, m-banking as a new type of banking services carrier can provide efficient and effective financial services for unbanked and rural peoples in India. Increased cellular service users in rural Indian provide wide opportunity to expand...
Persistent link: https://www.econbiz.de/10008839206
Enhancing financial inclusion or access to finance can make critical contributions to the economic development. Conventional mechanisms such as micro-finance, small-medium-enterprises (SME), and micro-insurance to enhance financial inclusion have been partially successful in enhancing the access...
Persistent link: https://www.econbiz.de/10011107700
establishing the growth enhancing role of bank-based financial intermediation through empirical evidence has also found that access … period from 1975 to 2007. The theoretical and empirical analysis leads us to conclude that bank led financial inclusion has …
Persistent link: https://www.econbiz.de/10011107742
As financial inclusion gains popularity in developed and developing economies, there is a need for a single index, (simple in computation with little or no assumptions) that pools together the financial inclusion indicators adopted by the IMF financial access survey. The various variants of...
Persistent link: https://www.econbiz.de/10011108177