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This study examines the nature of the relationship between financial liberalization and private investment in Nigeria … was a structural break between financial liberalization and private investment in Nigeria within the period under review …
Persistent link: https://www.econbiz.de/10010927780
The global crisis exposed weaknesses in the Hungarian financial system that pose risks to financial stability. Excessive risk-taking by banks and households had been masked by relatively stable exchange rates, the expected early adoption of the euro and unusually lax credit conditions in...
Persistent link: https://www.econbiz.de/10008552864
purposes, we construct an agent-based simulation model with asset traders, commercial banks and a central bank. Our …
Persistent link: https://www.econbiz.de/10005343012
What is the impact of foreign bank entry on the pricing and availability of credit in developing economies? The Mexican … 2007. We construct and analyze a panel of Mexican bank financial data covering this period and find no evidence that …
Persistent link: https://www.econbiz.de/10010762708
The document estimates the risk embraced by Colombian commercial banks, and establishes a measurement of excessive risk-taking that is consistent with such estimation. The construction of the excessive-risk measurement follows the basic efficient-portfolio framework, in which the variance of an...
Persistent link: https://www.econbiz.de/10010763443
between financial development and economic growth using bank credit to private sector (BCP). When stock market variables are …
Persistent link: https://www.econbiz.de/10008691672
This paper analyzes the effects of fiscal convergence on business cycle volatility and growth. Using a panel 21 OECD countries (including 11 EMU countries) and 40 years of data, we find that countries with similar government budget positions tend to have smoother business cycles. That is, fiscal...
Persistent link: https://www.econbiz.de/10005045629
This paper reformulates the well known financial development conjecture (FDC) and supplies some new empirical evidence in its favour. The financial development conjecture, namely, that there exist strong feedback effects between real and financial development, is described in this paper by use...
Persistent link: https://www.econbiz.de/10005498084
This paper examines the implications of foreign bank penetration on economic growth from the perspective of resource … allocation in host countries. We use aggregate banking data, constructed from bank-level balance sheets and income statement … effect of gross fixed capital formation on output growth is higher in an economy with a more pronounced level of foreign bank …
Persistent link: https://www.econbiz.de/10009372576
Economists may need to change their tools of analysis from analysing income and expenditure contributors (GDP) to asset value contributors -the net worth levels of individual households-. Assessment of the latter requires a balance sheet analysis. Why; because the level of individual...
Persistent link: https://www.econbiz.de/10011257702