Showing 1 - 10 of 45
This paper investigates the impact of remittances on financial inclusion. This is an important issue given recent studies showing that financial inclusion can have significant beneficial effects on households. Using household-level survey data for El Salvador, the authors examine the impact of...
Persistent link: https://www.econbiz.de/10009320165
This paper documents and analyzes gender differences in the use of financial services using individual-level data from 98 developing countries. The data, drawn from the Global Financial Inclusion (Global Findex) database, highlight the existence of significant gender gaps in ownership of...
Persistent link: https://www.econbiz.de/10010829568
Despite the rising volume of remittances flowing to developing countries, their impact on banking sector breadth and depth in recipient countries has been largely unexplored. The authors examine this topic using municipio-level data on the fraction of households that receive remittances and on...
Persistent link: https://www.econbiz.de/10004983383
This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature …. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a … rich set of predictions concerning both the impact of finance on inequality and about the relevant mechanisms. Although …
Persistent link: https://www.econbiz.de/10004979100
The Global Financial Inclusion (Global Findex) database, launched by the World Bank in 2011, provides comparable indicators showing how people around the world save, borrow, make payments, and manage risk. The 2014 edition of the database reveals that 62 percent of adults worldwide have an...
Persistent link: https://www.econbiz.de/10011261538
This paper investigates the contribution of small firms to employment, job creation, and growth in developing countries. While small firms (20 employees) have the smallest share of aggregate employment, the SME sector's (100 employees) contribution is comparable to that of large firms. Small...
Persistent link: https://www.econbiz.de/10008914098
This paper provides empirical evidence on firm recoveries from financial system collapses in developing countries (systemic sudden stops episodes), and compares them with the experience in the United States in the 2008 financial crisis. Prior research found that economies recover from systemic...
Persistent link: https://www.econbiz.de/10009318584
This paper examines time-series and cross-country variations in default risk co-dependence in the global banking system. The authors construct a default risk measure for all publicly traded banks using the Merton contingent claim model, and examine the evolution of the correlation structure of...
Persistent link: https://www.econbiz.de/10009318944
Combining two unique data sets, this paper explores the relationship between the relative importance of different financial institutions and their average size and firms'access to financial services. Specifically, the authors explore the relationship between the share in total financial assets...
Persistent link: https://www.econbiz.de/10009319874
This paper examines the evolving importance of banks and securities markets during the process of economic development. As economies develop, they increase their demand for the services provided by securities markets relative to those provided by banks, such that securities markets become...
Persistent link: https://www.econbiz.de/10009319876