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Guardians of Finance: Making Regulators Work for Us
Barth, James R.; Caprio, Gerard Jr.; Levine, Ross - The MIT Press
luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan. In Guardians of Finance …
Persistent link: https://www.econbiz.de/10010535228
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A Short-run Schumpeterian Trip to Embryonic African Monetary Zones
Asongu, Simplice A - In: Economics Bulletin 33 (2013) 1, pp. 859-873
With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...
Persistent link: https://www.econbiz.de/10010835849
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On the substitution of institutions and finance in investment
Asongu, Simplice A - In: Economics Bulletin 34 (2014) 3, pp. 1557-1574
The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … finance and institutions because they are less realistic to developing countries to which the resulting policy implications … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …
Persistent link: https://www.econbiz.de/10010800841
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Finance and growth: New evidence from Meta-analysis
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
Purpose – In a meta-study, we have bridged the gap between the pros and cons of a questionable finance-growth nexus … genuine effect exists between financial development and economic growth. A finance-growth nexus might not be appealing in our … consistent with the mainstream positive finance-growth nexus should provide new scholarly insights into the relationship …
Persistent link: https://www.econbiz.de/10011258243
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Liberalization and financial sector competition: a critical contribution to the empirics with an African assessment
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
This paper investigates how financial, trade, institutional and political liberalization policies have affected financial sector competition in Africa using updated data to appraise second generation reforms. The ‘freedom to trade’ and ‘economic freedom’ indices are employed. Hitherto,...
Persistent link: https://www.econbiz.de/10011258662
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How would monetary policy matter in the proposed African monetary unions? Evidence from output and prices
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
We analyze the effects of monetary policy on economic activity in the proposed African monetary unions. Findings broadly show that: (1) but for financial efficiency in the EAMZ, monetary policy variables affect output neither in the short-run nor in the long-term and; (2) with the exception of...
Persistent link: https://www.econbiz.de/10011260860
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Did the Basel Accord Cause a Credit Slowdown in Latin America?
Cosimano, Thomas F.; Chami, Ralph; Barajas, Adolfo - International Monetary Fund (IMF) - 2005
Drawing from a unique data set comprising 2,893 banks and 152 countries over the period 1987 to 2000, we test whether the adoption of the Basel Accord by Latin American and Caribbean countries was responsible for the serious slowdowns in credit growth experienced by these countries. We find...
Persistent link: https://www.econbiz.de/10005248279
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Depositor Behavior and Market Discipline in Colombia
Steiner, Roberto; Barajas, Adolfo - International Monetary Fund (IMF) - 2000
This study examines how depositors choose among different banks and over time in Colombia, focusing on whether they discipline bank behavior. By controlling for a more comprehensive set of risk/return factors, the study improves upon conventional market discipline tests. Panel data estimations...
Persistent link: https://www.econbiz.de/10005825773
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Credit Stagnation in Latin America
Barajas, Adolfo; Steiner, Roberto - International Monetary Fund (IMF) - 2002
This study examines the recent marked slowdown in bank credit to the private sector in Latin America. Based on the study of eight countries (Argentina, Bolivia, Brazil, Chile, Colombia, Peru, Mexico, and Venezuela), the magnitude of the slowdown is documented, comparing it to historical behavior...
Persistent link: https://www.econbiz.de/10005826373
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Banks During the Argentine Crisis; Were they All Hurt Equally? Did they All Behave Equally?
Juan-Ramon, V. Hugo; Basco, Emiliano; Quarracino, Carlos; … - International Monetary Fund (IMF) - 2006
that contributed to the banking system’s difficulties during the crisis: increasing dollarization of the balance sheet … market discipline in periods of stress and for banking regulation, which may have led banks to underestimate some of the …
Persistent link: https://www.econbiz.de/10005826664