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The Evolving Importance of Banks and Securities Markets
Demirgüç-Kunt, Asli - 2012
the size of the economy, (2) the association between an increase in economic output and an increase in bank development …
Persistent link: https://www.econbiz.de/10013107516
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Financial Sector Regulation and Reforms in Emerging Markets : An Overview
Prasad, Eswar S. - 2010
This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...
Persistent link: https://www.econbiz.de/10013137321
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Financial Intermediation and Aggregate Fluctuations : A Quantative Analysis
Cooper, Russell - 2010
This paper investigates the quantitative implications of two business cycle models in which aggregate fluctuations arise in response to variations in the process of financial intermediation. In the first, fundamental shocks in the capital accumulation process lead to fluctuations in the real...
Persistent link: https://www.econbiz.de/10013138142
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Central Banks and the Financial System
Giavazzi, Francesco - 2010
Financial systems are inherently fragile because of the very function which makes them valuable: liquidity transformation. Regulatory reforms can strengthen the financial system and decrease the risk of liquidity crises, but they cannot eliminate it completely. This leaves monetary policy with a...
Persistent link: https://www.econbiz.de/10013139754
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The Real Effects of Financial Markets
Bond, Philip - 2011
A large amount of activity in the financial sector occurs in secondary financial markets, where securities are traded among investors without capital flowing to firms. The stock market is the archetypal example, which in most developed economies captures a lot of attention and resources. Is the...
Persistent link: https://www.econbiz.de/10013117118
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Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya
Allen, Franklin - 2012
positive and significant impact of Equity Bank, a leading private commercial bank on financial access, especially for under …-privileged households. Equity Bank's business model--providing financial services to population segments typically ignored by traditional …
Persistent link: https://www.econbiz.de/10013107224
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Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling
Ng, Serena - 2013
This paper provides a survey of business cycle facts, updated to take account of recent data. Emphasis is given to the Great Recession which was unlike most other post-war recessions in the US in being driven by deleveraging and financial market factors. We document how recessions with financial...
Persistent link: https://www.econbiz.de/10013075147
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Finance and Inequality : Theory and Evidence
Demirgüç-Kunt, Asli - 2010
empirical research on the potentially enormous impact of formal financial sector policies, such as bank regulations and …
Persistent link: https://www.econbiz.de/10013151135
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Bank-Based or Market-Based Financial Systems : Which is Better?
Levine, Ross - 2008
For over a century, economists and policy makers have debated the relative merits of bank-based versus market …-based financial systems. Recent research, however, argues that classifying countries as bank-based or market is not a very fruitful … robustly linked with economic growth, there is no support for either the bank-based or market-based view …
Persistent link: https://www.econbiz.de/10012774642
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Financial Markets' Assessment of Emu
Bates, David S. - 2008
inferred from financial data regarding future policies of the European Central Bank …
Persistent link: https://www.econbiz.de/10012774808