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The relationship between bank competition, firm access to finance, and economic growth is a much debated topic in the … impact of bank competition on industry growth in the Gulf Cooperation Council economies. The results show that greater … competition. These results are robust to a variety of checks. The findings suggest that improving bank competition should be an …
Persistent link: https://www.econbiz.de/10012968763
Private savings play a pivotal role in financing development and sustaining growth. Recently, there have been many theoretical developments that underpin key determinants of savings behavior, many of which merit empirical investigation. Understanding the dynamics of the determinants of savings...
Persistent link: https://www.econbiz.de/10012959137
growth, much less work has dealt with the importance of bank-based versus market-based financial systems for poverty and …. Some theories, however, claim that, by reducing information and transaction costs, the development of bank-based financial … through 2008. The results suggest that when institutions are weak, bank-based financial systems are better at reducing poverty …
Persistent link: https://www.econbiz.de/10012975555
The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial institutions. This paper describes the...
Persistent link: https://www.econbiz.de/10012975816
services industry in Egypt. There is an especially critical role for bank financing to support the private sector to maintain …
Persistent link: https://www.econbiz.de/10012859532
Joseph Schumpeter argued in 1911 that the services provided by financial intermediaries - mobilizing savings, evaluating projects, managing risk, monitoring managers, and facilitating transactions -stimulate technological innovation and economic development. The authors present evidence that...
Persistent link: https://www.econbiz.de/10012746925
This paper utilizes data for African countries to analyze the extent to which financial development affects the dynamics of the relationship between exchange rate flexibility and economic growth. The findings indicate that financial development exerts a positive influence on the relationship...
Persistent link: https://www.econbiz.de/10012912272
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
Theory suggests that the effect of banking market concentration on financial stability is mediated by several competing variables. Using a sample of 68 countries from 1997 to 2015, this paper proposes a unified empirical framework to test for the simultaneous presence and impact of the mediators...
Persistent link: https://www.econbiz.de/10012909356
of private credit/gross domestic product; the positive effect of bank credit is especially pronounced in industries that …
Persistent link: https://www.econbiz.de/10012975631