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Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya
Allen, Franklin - 2012
With extensive country- and firm-level data sets we first document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We also find that population density appears to be considerably more important...
Persistent link: https://www.econbiz.de/10013107224
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China'S Post Accession WTO Stance
Mallon, Glenda; Whalley, John - 2021
We discuss China's stance in the WTO post-accession, noting the many issues with implementation of China's accession … terms by 2007. We evaluate how much benefit China can realistically receive from WTO membership given current problems with … dumping actions against China and trade restrictions against textile and apparel exports. We discuss emerging WTO and non …
Persistent link: https://www.econbiz.de/10013248436
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China's WTO Entry : Antidumping, Safeguards, and Dispute Settlement
Bown, Chad P. - 2013
This chapter assesses China's integration into the global trading system by examining areas of international political … associated with its rapidly increasing trade and the trade policy commitments that China and its trading partners have undertaken … as part of its 2001 WTO accession. With respect to China's exports, we examine data on WTO members' use of antidumping …
Persistent link: https://www.econbiz.de/10012753854
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Can the Doha Round Be a Development Round? Setting a Place at the Table
Bagwell, Kyle - 2014
A fundamental objective of the Doha Round of WTO negotiations is to improve the trading prospects of developing countries. The 2001 declaration from the WTO Ministerial Conference in Doha, Qatar, commits the member governments to negotiations aimed at substantial improvements in market access...
Persistent link: https://www.econbiz.de/10013067007
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Pitfalls of a State-Dominated Financial System : The Case of China
Boyreau-Debray, Genevieve; Wei, Shang-Jin - 2021
also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state … within China is low. Furthermore, to the extent some capital moves around the country, the government (as opposed to the …
Persistent link: https://www.econbiz.de/10013215373
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Has the U.S. Finance Industry Become Less Efficient? on the Theory and Measurement of Financial Intermediation
Philippon, Thomas - 2014
I provide a quantitative interpretation of financial intermediation in the U.S. over the past 130 years. Measuring separately the cost of intermediation and the production of financial services, I find that: (i) the quantity of intermediation varies a lot over time; (ii) intermediation is...
Persistent link: https://www.econbiz.de/10013066115
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Risk Management in Financial Institutions
Rampini, Adriano A. - 2019
We study risk management in financial institutions using data on hedging of interest rate and foreign exchange risk. We find strong evidence that institutions with higher net worth hedge more, controlling for risk exposures, both across institutions and within institutions over time. For...
Persistent link: https://www.econbiz.de/10012889497
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The Fintech Opportunity
Philippon, Thomas - 2016
This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory...
Persistent link: https://www.econbiz.de/10012985592
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Banking and Insurance
Haubrich, Joseph G.; King, Robert G. - 2021
This paper studies the economic role of financial institutions in economies where agents' incomes are subject to privately observable, idiosyncratic random events. The information structure precludes conventional insurance arrangements. However, a financial institution -- perhaps best viewed as...
Persistent link: https://www.econbiz.de/10013249178
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Financial Risk Measurement for Financial Risk Management
Andersen, Torben G. - 2012
Current practice largely follows restrictive approaches to market risk measurement, such as historical simulation or RiskMetrics. In contrast, we propose flexible methods that exploit recent developments in financial econometrics and are likely to produce more accurate risk assessments, treating...
Persistent link: https://www.econbiz.de/10013106309