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The relationship between bank competition, firm access to finance, and economic growth is a much debated topic in the economic literature and in policy circles. This paper uses a panel of 23 manufacturing sectors over 2002-10 to investigate the impact of bank competition on industry growth in...
Persistent link: https://www.econbiz.de/10012968763
The insurance sector can play a critical role in financial and economic development. By reducing uncertainty and the … with long investment horizons, insurance companies can contribute to the provision of long-term instruments to finance … corporate investment and housing. There is evidence of a causal relationship between insurance sector development and economic …
Persistent link: https://www.econbiz.de/10012976136
The paper provides evidence on the number and volume of financial transactions undertaken by agents (local businesses that double as more convenient, lower cost alternatives to formal branches) of the largest microfinance institution operating in the Democratic Republic of Congo. More important...
Persistent link: https://www.econbiz.de/10012962051
Although a growing body of literature emphasizes that the poor may benefit from better access to financial services through more growth and employment opportunities, there is a continuing debate about the mechanism and extent to which such access would reduce inequalities. Considering that labor...
Persistent link: https://www.econbiz.de/10012906329
Theory suggests that the effect of banking market concentration on financial stability is mediated by several competing … concentration, increasing concentration improves banking system stability via profitability. At higher levels of concentration …, increasing concentration makes the banking system more fragile because of the cost of credit, diversification and the ease of …
Persistent link: https://www.econbiz.de/10012909356
, particularly in Europe; now worry centers on a potential global credit crunch led by European banking institutions. Overall, credit …
Persistent link: https://www.econbiz.de/10012975194
consistent with the history-based political economy view that banking systems in low-income countries serve the interests of the … depend heavily on external finance; and banking development is positively associated with more physical and human capital …
Persistent link: https://www.econbiz.de/10012975631
This paper examines the evolving importance of banks and securities markets during the process of economic development. As economies develop, they increase their demand for the services provided by securities markets relative to those provided by banks, such that securities markets become...
Persistent link: https://www.econbiz.de/10012975752
The Russian banking sector includes approximately 1,000 banks, but is it competitive? This paper analyzes bank …
Persistent link: https://www.econbiz.de/10012976334
Interest rate caps can have far-reaching consequences on the composition and maturity of commercial bank loans and deposits. This paper carefully documents these impacts on the formal financial sector in Kenya after the recent interest rate caps of 2016. Using bank-level panel data from before...
Persistent link: https://www.econbiz.de/10012922884