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Banking in Africa
Beck, Thorsten - 2017
This paper takes stock of the current state of banking systems across Sub-Saharan Africa and discusses recent developments including innovations that might help Africa leapfrog more traditional banking models. Using an array of different data, the paper documents that African banking systems are...
Persistent link: https://www.econbiz.de/10012973818
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Has the Global Banking System Become More Fragile Over Time?
Anginer, Deniz - 2017
This paper examines time-series and cross-country variations in default risk co-dependence in the global banking system. The authors construct a default risk measure for all publicly traded banks using the Merton contingent claim model, and examine the evolution of the correlation structure of...
Persistent link: https://www.econbiz.de/10012975691
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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 …
Persistent link: https://www.econbiz.de/10012976334
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Banking Sector Stability, Efficiency, and Outreach in Kenya
Beck, Thorsten - 2017
of Kenya's banking system, using aggregate, bank-level, and survey data. Banks' asset quality and liquidity positions … supervision of microfinance institutions and cooperatives is a priority. Maintaining an openness to new, and non-bank, providers …
Persistent link: https://www.econbiz.de/10012976347
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Bank Competition, Financial Dependence, and Economic Growth in the Gulf Cooperation Council
Caggiano, Giovanni - 2017
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
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Does Local Financial Development Matter for Firm Lifecycle in India?
Ayyagari, Meghana - 2017
The differences in financial development across Indian states, while seeming substantial, have a minor effect on firm lifecycle and growth. These results hold controlling for differences in labor regulations across states, capital intensity, and for firms born before and after the major reforms....
Persistent link: https://www.econbiz.de/10012972856
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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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How Does Foreign Entry Affect the Domestic Banking Market?
Claessens, Stijn - 2017
integration. Using bank-level data for 80 countries for 1988-95, the authors examine the extent of foreign ownership in national … because of a different customer base, different bank procedures, and different regulatory and tax regimes. In developing … foreign share of bank ownership does indeed reduce profitability and overhead expenses in domestically owned banks - so the …
Persistent link: https://www.econbiz.de/10012966173
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Capital Fundamentalism, Economic Development, and Economic Growth
Grigorian, David - 2017
Few economic ideas are as intuitive as the notion that increasing investment is the best way to raise future output. This idea was the basis for the theory quot;capital fundamentalism.quot; Under this view, differences in national stocks of capital were the primary determinants of differences in...
Persistent link: https://www.econbiz.de/10012746919