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The finance-growth nexus revisited: From origins to a modern theoretical landscape
Stolbov, Mikhail - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-2, pp. 1-22
The paper recounts the history of the finance-growth nexus research from its origins to the yearly 1990s. The contributions are analyzed in connection with the socioeconomic context and advances in economic theory. Many ideas first expressed decades ago are still subject to constant discussions...
Persistent link: https://www.econbiz.de/10010311172
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Efficiency and profitability of European banks: how important is operational efficiency?
Werner, Karl; Moormann, Jürgen - 2009
the empirical relation between efficiency and profitability in five large economies of the European Union during the … period 1998-2005 and discusses the results from the perspective of corporate bank strategy. Methodologically the existing … literature is expanded by the use of DEA super-efficiency values to regress profitability, the incorporation of risk by …
Persistent link: https://www.econbiz.de/10010298954
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Pension Funds and Financial Stability: The Case of the UK Gilt Crisis
Gudjonsson, Jon; Hougaard Jensen, Svend Erik - In: Intereconomics 58 (2023) 3, pp. 155-159
While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important …
Persistent link: https://www.econbiz.de/10014334701
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Effizienz und Wettbewerb im deutschen Bankensektor
Fiorentino, Elisabetta; Herrmann, Heinz - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 114-126
. Furthermore significant differences existed between small and large banks. The business model of small banks was often more …
Persistent link: https://www.econbiz.de/10010377872
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Complementarity and Financial Systems
Hackethal, A.; Tyrell, Marcel - 1999
ability of a bank to restructure the borrower's firm in the case of distress, the possibility to appropriate private benefits …
Persistent link: https://www.econbiz.de/10010316267
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Profitability in Turkish Banking Sector: Panel Data Analysis (The period 1990-1999)
Güneş, Nizamülmülk - In: Journal of Economic and Social Thought 1 (2014) 1, pp. 15-26
explore the factors that affect bank profitability and to develop policy suggestions based on the findings. In the literature … section of the study, domestic and foreign sources concerning bank profitability are scanned. In the section of econometric …In this study, the factors determining profitability in the Turkish banking sector are examined. Return on assets (ROA …
Persistent link: https://www.econbiz.de/10010458086
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Does financial activity cause economic growth?
Graff, Michael; Karmann, Alexander - 2001
To clarify the causal links between financial activity and economic growth, three theoretical models are analyzed and a structural equation path models is estimated. In the modeling part, poverty traps result from large fixed costs or high proportions of real investment to run a financial...
Persistent link: https://www.econbiz.de/10010305424
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Financial development and economic growth: evidence from ten new EU members
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2009
This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...
Persistent link: https://www.econbiz.de/10010271094
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Finance-Growth Nexus and the P-Bias. Evidence from OECD Countries
Hahn, Franz R. - 2004
Recent empirical OECD studies provide new empirical evidence confirming that financial development is closely linked to economic growth in OECD countries. Using new dynamic panel regression techniques, these appraisals indicate that within the group of high income countries stock market size as...
Persistent link: https://www.econbiz.de/10011435140
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Two to tangle: financial development, political instability and economic growth in Argentina (1896 - 2000)
Campos, Nauro F.; Karanasos, Menelaos G.; Tan, Bin - 2008
This paper investigates the effects of financial development and political instability on economic growth in a power-ARCH framework with data for Argentina from 1896 to 2000. Our findings suggest that (i) informal or unanticipated political instability (e.g., guerrilla warfare) has a direct...
Persistent link: https://www.econbiz.de/10010268984