Showing 1 - 10 of 2,555
Persistent link: https://www.econbiz.de/10014459444
This paper reviews the theoretical and empirical literature on links between domestic financial development and economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial regimes. First McKinnon and Shaw advocated financial...
Persistent link: https://www.econbiz.de/10010325191
This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...
Persistent link: https://www.econbiz.de/10010325760
Persistent link: https://www.econbiz.de/10011886717
Das Geschehen auf den Finanzmärkten hängt vom individuellen Verhalten ab, wird aber auch wesentlich bestimmt durch die Ausgestaltung des Finanzsystems, das heisst durch die Rollen, die den einzelnen Akteure zugewiesen werden, und durch die Regeln für die Interaktion der verschiedenen Rollen....
Persistent link: https://www.econbiz.de/10010316833
Is there any interrelationship between firm level FDI in the form of cross border Mergers & Acquisitions and capital markets growth and quality? We addressed this question using panel data of cross border M&A for nine emerging economies. Our study period goes from 1987 to 2006. We find that the...
Persistent link: https://www.econbiz.de/10010320555
We discuss the current state of the European banking system and the major challenges for the future. The low interest rate environment may give rise to asset price bubbles and interest rate risk, which should be counteracted by macroprudential regulation. Overcapacities in banking should be...
Persistent link: https://www.econbiz.de/10010333226
We study the interplay between money market development and changes in monetary policy operating procedures in 11 European countries from c. 1980 up to the launch of EMU. Aspects of money market development such as the size and structure of different market segments, and institutional and...
Persistent link: https://www.econbiz.de/10010335629
rapidly in 2008-11 as the economies of the USA and Europe faltered, and other open economies recovered rapidly from the global …
Persistent link: https://www.econbiz.de/10011430887
This paper draws on the experience of emerging Europe and argues that foreign capital is an enviable development … led to a buildup of vulnerabilities and now exposes emerging Europe to prolonged uncertainty and financial deleveraging … emerging Europe pursue a policy of self-insurance. Instead, what we refer to as an acyclical fiscal policy stance could serve …
Persistent link: https://www.econbiz.de/10011430894