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Using a firm-level survey database covering 48 countries, the authors investigate whether differences in financial and legal development affect the way firms finance their investments. The results indicate that external financing of investments is not a function of institutions, although the...
Persistent link: https://www.econbiz.de/10012573228
This paper introduces the updated and expanded version of the Financial Development and Structure Database and presents recent trends in structure and development of financial institutions and markets across countries. The authors add indicators on banking structure and financial globalization....
Persistent link: https://www.econbiz.de/10012551886
This paper presents new data on the depth and penetration of mortgage markets across countries. There is a large variation across both dimensions of mortgage market development, across countries, but also -- in terms of depth -- within countries. Mortgage markets seem to develop only at...
Persistent link: https://www.econbiz.de/10012560862
portfolio might also enhance stability. This paper finds that sectoral specialization increases volatility and systemic risk …
Persistent link: https://www.econbiz.de/10012560205
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
The authors (1) present new indicators of banking sector penetration across 99 countries based on a survey of bank regulatory authorities, (2) show that these indicators predict household and firm use of banking services, (3) explore the association between the outreach indicators and measures...
Persistent link: https://www.econbiz.de/10012554209
Using a unique firm-level survey data base, covering fifty four countries, the authors investigate whether different financial, legal, and corruption issues that firms report as constraints, actually affect their growth rates. The results show that the extent to which these factors constrain a...
Persistent link: https://www.econbiz.de/10012559546
countries. They focus on the respective role of government and the private sector and different pricing and risk reduction tools … and management, but less so in risk assessment and recovery. There is a surprisingly low use of risk-based pricing and … limited use of risk management mechanisms. …
Persistent link: https://www.econbiz.de/10012552206
enterprises (SMEs) around the world. They find that banks perceive the SME segment to be highly profitable, but perceive … have set up dedicated departments and decentralized the sale of products to the branches. However, loan approval, risk …
Persistent link: https://www.econbiz.de/10012552217