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While substantial research finds that financial development boosts overall economic growth, the authors study whether financial development is pro-poor: Does financial development disproportionately raise the income of the poor? Using a broad cross-country sample, the authors find that the...
Persistent link: https://www.econbiz.de/10012559755
Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a … systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance … importance of institutions in explaining the variation in economic development and growth across transition economies during the …
Persistent link: https://www.econbiz.de/10012554115
recent trends in structure and development of financial institutions and markets across countries. The authors add indicators … on banking structure and financial globalization. They find a deepening of both financial markets and institutions, a …
Persistent link: https://www.econbiz.de/10012551886
This paper presents data on 76 partial credit guarantee schemes across 46 developed and developing countries. Based on theory, the authors discuss different organizational features of credit guarantee schemes and their variation across countries. They focus on the respective role of government...
Persistent link: https://www.econbiz.de/10012552206
Using data from a survey of 91 banks in 45 countries, the authors characterize bank financing to small and medium enterprises (SMEs) around the world. They find that banks perceive the SME segment to be highly profitable, but perceive macroeconomic instability in developing countries and...
Persistent link: https://www.econbiz.de/10012552217
of development in both financial institutions and financial markets. Such a broad-based approach helps reveal important …
Persistent link: https://www.econbiz.de/10012552427
Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and...
Persistent link: https://www.econbiz.de/10012553681
There is a wide cross-country variation in the institutional structure of bank failure resolution, including the role of the deposit insurer. The authors use quantitative analysis for 57 countries and discuss specific country cases to illustrate this variation. Using data for over 1,700 banks...
Persistent link: https://www.econbiz.de/10012553743
Using information from 193 banks in 58 countries, the authors develop and analyze indicators of physical access, affordability, and eligibility barriers to deposit, loan, and payment services. They find substantial cross-country variation in barriers to banking and show that in many countries...
Persistent link: https://www.econbiz.de/10012553900
The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size...
Persistent link: https://www.econbiz.de/10012553939