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We study how banking competition may affect the stability of banking systems. We develop our study by expanding the failure-determinant methodology to include panel-data techniques and by controlling the effects of financial structure and development. We use indicators for 47 countries between...
Persistent link: https://www.econbiz.de/10005787149
We study how competition may affect the stability of banking systems. We modify the failure-determinant methodology to include panel-data techniques. We use indicators for 47 countries between 1990 and 1997. The main findings show that banking concentration and foreign ownership are associated...
Persistent link: https://www.econbiz.de/10004991444
This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically....
Persistent link: https://www.econbiz.de/10005046080
Many authors underlined the convergence of financial structures towards a model which combines elements of the Anglo … predominant. The goal of this paper is to study financial systems convergence through the lens of household asset allocation. We … analyze s and ß convergence of total household financial assets and their main components: deposits, securities other than …
Persistent link: https://www.econbiz.de/10004962953
We examine the impacts of both domestic and international financial market development on R&D intensities in 22 manufacturing industries in 18 OECD countries for the period 1990–2003. We take account of such industry characteristics as the need for external financing and the amount of tangible...
Persistent link: https://www.econbiz.de/10010688147
The objective of this paper is to study the issue of convergence of financial systems through the lens of asset … allocation. It examines β- and σ-convergence of the most important financial instruments: deposits, debt securities, shares and … existence of β-convergence of shares and insurance products, confirming an increasing importance of capital markets all over the …
Persistent link: https://www.econbiz.de/10011052830
This paper investigates the growth effects of financial integration and financial deepening in selected SSA economies, using a panel dataset of 10 SSA countries from 1970-2012. We use ratio of net FDI inflow to GDP (proxy for financial integration), ratio of gross capital formation to GDP (proxy...
Persistent link: https://www.econbiz.de/10011259904
The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters and national regulators response has been a global concerted effort to overhaul and tighten financial regulations. However, at a time of designing stricter...
Persistent link: https://www.econbiz.de/10009363822
There have been lively political debates about savings banks as long as this type of financial institutions has existed. The focus of these debates have been two of the characteristic features of savings banks: They have always pursued financial as well as non-financial objectives, and until a...
Persistent link: https://www.econbiz.de/10008636392
Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...
Persistent link: https://www.econbiz.de/10005813742