Similar Search Results

Financial development and growth in the short and long run

Fisman, Raymond - 2004

"We analyze the relationship between financial development and inter-industry resource allocation in the short- and long-run. We suggest that in the long-run, economies with high rates of financial development will devote relatively more resources to industries with a 'natural' reliance on...

Persistent link: https://www.econbiz.de/10010523015

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/10012462427

Finance and Growth : Theory and Evidence

Levine, Ross - 2004

This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial...

Persistent link: https://www.econbiz.de/10012467924

Financial Development and Growth in the Short and Long Run

Fisman, Raymond - 2004

We analyze the relationship between financial development and inter-industry resource allocation in the short- and long-run. We suggest that in the long-run, economies with high rates of financial development will devote relatively more resources to industries with a 'natural' reliance on...

Persistent link: https://www.econbiz.de/10012468457

Bank-Based or Market-Based Financial Systems : Which is Better?

Levine, Ross - 2002

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/10012469571

Financial Systems, Economic Growth, and Globalization

Rousseau, Peter L. - 2001

This paper brings together two strands of the economic literature -- that on the finance-growth nexus and that on capital market integration -- and explores key issues surrounding each strand through both institutional/country histories and formal quantitative analysis. We begin with studies of...

Persistent link: https://www.econbiz.de/10012470401

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/10012459193

The Evolving Importance of Banks and Securities Markets

Demirguc-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/10012460656

Financial Innovation and the Management and Regulation of Financial Institutions

Merton, Robert C. - 1995

New security designs, improvements in computer telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and...

Persistent link: https://www.econbiz.de/10012473791

Bank Relationships, Business Cycles, and Financial Crises

Hale, Galina - 2011

established through bank-to-bank lending and provide evidence to support this claim. To analyze dynamics of formation of such …

Persistent link: https://www.econbiz.de/10012461302

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