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Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the political...
Persistent link: https://www.econbiz.de/10013117353
Abstract: Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the...
Persistent link: https://www.econbiz.de/10011092153
Financial systems all over the world have grown dramatically over recent decades. But is more finance necessarily better? And what concept of finance – the size of the financial sector, including both intermediation and other auxiliary 'non-intermediation' activities, or a focus on traditional...
Persistent link: https://www.econbiz.de/10013103381
Informality is a wide-spread phenomenon across the globe. We show that firms in countries with better information sharing systems and greater financial sector outreach evade taxes to a lesser degree, an effect that is stronger for smaller firms, firms in smaller cities and towns, and firms in...
Persistent link: https://www.econbiz.de/10013138702
, while cross-country studies point mostly to a positive relationship between competition and stability in the banking system …. Where liberalization and unfettered competition have resulted in fragility, this has been mostly the consequence of … regulatory and supervisory failures. The advantages of competition for an efficient and inclusive financial system are strong …
Persistent link: https://www.econbiz.de/10010521103
, while cross-country studies point mostly to a positive relationship between competition and stability in the banking system …. Where liberalization and unfettered competition have resulted in fragility, this has been mostly the consequence of … regulatory and supervisory failures. The advantages of competition for an efficient and inclusive financial system are strong …
Persistent link: https://www.econbiz.de/10012552447
Persistent link: https://www.econbiz.de/10011283895
Persistent link: https://www.econbiz.de/10012163698
Persistent link: https://www.econbiz.de/10009767406
This paper provides an analysis of financial development and inclusion in developing Asia using data from a wide array of sources. We show that in terms of aggregate measures of financial development, the region as a whole has superior banking sector depth compared to other developing regions;...
Persistent link: https://www.econbiz.de/10011346230