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On the Stability of Different Financial Systems
Fecht, Falko - 2003
direct investment opportunities, a bank-dominated financial system arises, in which banks provide liquidity transformation … secondary financial markets. Secondly, we analyze the effect a run on a single bank has on the entire financial system …. Interestingly, we can show that a bank run on a single bank causes contagion via the financial market neither in market-oriented nor …
Persistent link: https://www.econbiz.de/10010295758
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Savings and financial sector development: Panel cointegration evidence from Africa
Kelly, Roger; Mavrotas, George - 2003
The paper uses different measures of financial sector development for a dynamic heterogeneous panel of 17 African countries to examine the impact of financial sector development on private savings. An innovative econometric methodology is also employed related to a series of cointegration tests...
Persistent link: https://www.econbiz.de/10010279075
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Financial sector development - futile or fruitful? An examination of the determinants of savings in Sri Lanka
Kelly, Roger; Mavrotas, George - 2003
Using dynamic econometric techniques the paper investigates the determinants of private saving in Sri Lanka with a primary focus on the role of financial sector development. Empirical evidence is obtained indicating the existence of the Ricardian equivalence hypothesis, and the significance of...
Persistent link: https://www.econbiz.de/10010279095
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Financial sector development and growth: The Chinese experience
Hasan, Iftekhar; Zhou, Mingming - 2006
This paper documents the financial and institutional developments of China during the past two decades, when China was successfully transformed from a rigid centralplanning economy to a dynamic market economy following its unique path. We empirically examine the relationship between financial...
Persistent link: https://www.econbiz.de/10010284671
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On the Stability of Different Financial Systems
Fecht, Falko - 2003
direct investment opportunities, a bank-dominated financial system arises, in which banks provide liquidity transformation … secondary financial markets. Secondly, we analyze the effect a run on a single bank has on the entire financial system …. Interestingly, we can show that a bank run on a single bank causes contagion via the financial market neither in market-oriented nor …
Persistent link: https://www.econbiz.de/10010316242