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Financial Development in Asia : Beyond Aggregate Indicators
Didier, Tatiana - 2017
This paper documents the major trends in financial development in Asia since the early 1990s and the spillovers to … firms. It compares Asia with advanced and emerging countries and uses both aggregate and disaggregate indicators. Financial … systems in Asia remain less developed than in advanced countries but more developed than in Eastern Europe and Latin America …
Persistent link: https://www.econbiz.de/10012973555
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Financial Development, Growth, and Crisis : Is There a Trade-Off?
Loayza, Norman - 2017
This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnect -- with one literature focusing on the effect of financial deepening on long -- run growth and another studying its impact on volatility...
Persistent link: https://www.econbiz.de/10012943988
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Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya
Allen, Franklin - 2017
With extensive country and firm-level data sets, this paper first documents that the financial sectors of most Sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. The paper also finds that population density appears to be considerably...
Persistent link: https://www.econbiz.de/10012974025
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Financial Development in Latin America and the Caribbean : Stylized Facts and the Road Ahead
Didier, Tatiana - 2017
. The paper compares trends in Latin America and the Caribbean with those in Asia, Eastern Europe, and advanced countries … the advanced economies and several other emerging economies, most notably those in Asia …
Persistent link: https://www.econbiz.de/10012974057
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Job Growth and Finance : Are Some Financial Institutions Better Suited to Early Stages of Development than Others?
Cull, Robert - 2017
This paper combines firm-level data from 89 countries with updated country-level data on financial structure, and uses two estimation approaches. It finds that in low-income countries, labor growth is swifter in countries with a higher level of private credit/gross domestic product; the positive...
Persistent link: https://www.econbiz.de/10012975631
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Financial Development : Structure and Dynamics
de la Torre, Augusto - 2017
This paper analyzes the bright and dark sides of the financial development process through the lenses of the four fundamental frictions to which agents are exposed -- information asymmetry, enforcement, collective action, and collective cognition. Financial development is shaped by the efforts...
Persistent link: https://www.econbiz.de/10012975681
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The Evolving Importance of Banks and Securities Markets
Demirgüç-Kunt, Asli - 2017
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
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The Impact of China?S Slowdown on the Asia Pacific Region : An Application of the Gvar Model
Inoue, Tomoo - 2017
An export-oriented development strategy fostered the Asia Paci?c region?s economic success, making it the fastest … demand from China boosted intraregional trade in Asia. Although China?s Asian trading partners bene?t from increasing exports …
Persistent link: https://www.econbiz.de/10012970834
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Diversification, Growth, and Volatility in Asia
Papageorgiou, Chris - 2017
extended period, developing Asia has on average been particularly successful in diversifying its exports, particularly in … is, through entry into completely new products. In addition, developing Asia has on average benefited significantly from …
Persistent link: https://www.econbiz.de/10012971321
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Good Countries or Good Projects? Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance
Bulman, David Janoff - 2017
This paper examines the micro and macro correlates of aid project outcomes in a sample of 3,821 World Bank projects and 1,342 Asian Development Bank projects. Project outcomes vary much more within countries than between countries: country-level characteristics explain only 10?25 percent of...
Persistent link: https://www.econbiz.de/10012971850