Similar Search Results

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

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

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

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

Shadow Banking; Economics and Policy

Claessens, Stijn; Ratnovski, Lev; Singh, Manmohan - International Monetary Fund (IMF) - 2012

This note outlines the basic economics of the shadow banking system, highlights (systemic) risks related to it, and …

Persistent link: https://www.econbiz.de/10011245881

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

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

Is There a Diversification Discount in Financial Conglomerates?

Laeven, Luc; Levine, Ross - C.E.P.R. Discussion Papers - 2005

This paper investigates whether the diversity of activities conducted by financial institutions influences their market valuations. We find that there is a diversification discount: The market values financial conglomerates that engage in multiple activities, e.g., lending and non-lending...

Persistent link: https://www.econbiz.de/10005124492

Liquidity and Transparency in Bank Risk Management

Ratnovski, Lev - International Monetary Fund (IMF) - 2013

Banks may be unable to refinance short-term liabilities in case of solvency concerns. To manage this risk, banks can accumulate a buffer of liquid assets, or strengthen transparency to communicate solvency. While a liquidity buffer provides complete insurance against small shocks, transparency...

Persistent link: https://www.econbiz.de/10010790317

Competition Policy for Modern Banks

Ratnovski, Lev - International Monetary Fund (IMF) - 2013

services provision. Modern banking is largely market-based and contestable. Consequently, banks in advanced economies today …

Persistent link: https://www.econbiz.de/10010790360