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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...
Persistent link: https://www.econbiz.de/10012973555
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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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Job Growth and Finance : Are Some Financial Institutions Better Suited to Early Stages of Development than Others?
Cull, Robert - 2017
investment. These findings are consistent with predictions from new structural economics. In high-income countries, labor growth …
Persistent link: https://www.econbiz.de/10012975631
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Access to Financial Services and the Financial Inclusion Agenda Around the World : A Cross-Country Analysis with a New Data Set
Ardic, Oya Pinar - 2017
at the core of policymakers? agendas. The Consultative Group to Assist the Poor and the World Bank Group, in response … inform the policy debate. Using this database, this paper (i) counts the number of unbanked adults around the world at 56 …) discusses the state of financial inclusion mandates around the world …
Persistent link: https://www.econbiz.de/10012976198
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Financial Development, Exchange Rate Regimes, and Growth Dynamics
Kassa, Woubet - 2018
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
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Banking Sector Competition in Russia
Anzoategui, Diego - 2017
The Russian banking sector includes approximately 1,000 banks, but is it competitive? This paper analyzes bank competition in Russia during 2002-2008. The authors examine indicators of concentration and contestability, and compute non-structural measures of competition. They compare competition...
Persistent link: https://www.econbiz.de/10012976334
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Sharing the Benefits of Innovation-Digitization : A Summary of Market Processes and Policy Suggestions
Islam, Roumeen - 2018
Governments play a very important role in supporting innovation, managing the disruptive effects of innovation, and ensuring that the benefits of innovation are broadly shared in the long run. This paper reviews the literature on market mechanisms that translate innovation into jobs and policies...
Persistent link: https://www.econbiz.de/10012921429
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Savings, Financial Development, and Economic Growth in the Arab Republic of Egypt Revisited
Hussein, Khaled - 2017
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
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Benchmarking Financial Systems : Introducing the Financial Possibility Frontier
Beck, Thorsten - 2017
Across the world, supply for financial services rarely matches the demand, given multiple market frictions. This paper …
Persistent link: https://www.econbiz.de/10012973979
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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