Showing 1 - 10 of 440
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
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
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 Russian banking sector includes approximately 1,000 banks, but is it competitive? This paper analyzes bank … across different groups of banks within Russia. Contestability in Russia is obstructed by uneven supervisory practices and an … unclear exit process. Non-structural measures reveal that banks in Russia are less competitive than those in Brazil. Within …
Persistent link: https://www.econbiz.de/10012976334
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
This paper examines the evolving importance of banks and securities markets during the process of economic development … provided by banks, such that securities markets become increasingly important for future economic development. Some exploratory … evidence further suggests that deviations of a country?s actual financial structure -- the mixture of banks and markets …
Persistent link: https://www.econbiz.de/10012975752
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 allows financially dependent firms to grow faster. In addition, the results show that lower restrictions on banks …
Persistent link: https://www.econbiz.de/10012968763
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
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
This paper estimates the impact of informality on firm profits using a new firm-level survey designed specifically for this study. The survey was administered to about 1,200 firms with 50 employees or less in Ecuador's two largest cities, Quito and Guayaquil, plus two main centers of economic...
Persistent link: https://www.econbiz.de/10012974435