Showing 1 - 10 of 417
This paper investigates the drivers of growth and prosperity in a group of eleven European countries -- Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovenia, and Slovakia (the EU11). Since the EU11 began the transformation process, this group of...
Persistent link: https://www.econbiz.de/10012975019
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
institutions. This paper describes the developments in the Czech banking sector and explains how the tough macroeconomic …
Persistent link: https://www.econbiz.de/10012975816
This paper discusses the evolution of the Egyptian banking sector and the main trends in financial development in the …. Second; access to and the efficiency of banking services are not associated with real per capita income. Third, the Financial … 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
In Eastern Europe and Central Asia, the link from growth to jobs was tenuous in the first decade of the transition, giving rise to the notion of jobless growth. Yet, European countries suffered large job losses during the recent recession, suggesting that jobs and growth are closely entwined....
Persistent link: https://www.econbiz.de/10012973557
-performing loans compared with pre-crisis bank profitability suggests that debt overhang in the banking sector is a threat in Ukraine …
Persistent link: https://www.econbiz.de/10012975793