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Since 1992 Ethiopia has been engaged in liberalizing its financial sector. The hallmark of the strategy is gradualism. The approach is not without problems especially from Bretton Woods Institutions that saw the reform as a sluggish process. This study examines this liberalization program by...
Persistent link: https://www.econbiz.de/10010333062
Many emerging markets have undertaken significant financial sector reforms especially in their banking sectors that have been quite critical for both financial development and real economic activity. In this paper, we investigate the success of banking reforms in India where significant banking...
Persistent link: https://www.econbiz.de/10011493763
This paper studies the bank-level (size and access to funds) and market-based (interest rate, inflation rate, GDP) variables’ impact on bank lending behavior in Turkey using quarterly bank level data of 15 private commercial banks and 3 state-owned banks for the 2003-2012 period. The empirical...
Persistent link: https://www.econbiz.de/10009788619
The Reserve Bank of India (RBI) has stipulated the Prompt Corrective Action (PCA) Framework in order to ensure the adequacy of banks' internal control system and improve their quality. The PCA framework for Indian bank complies with the Core Banking Principles laid down by the Bank for...
Persistent link: https://www.econbiz.de/10013131907
A Chinese subsidiary of a foreign bank issued yuan-denominated bonds on China's domestic interbank bond market for the first time on 20 May 2010. China's corporate bond market, although split between an exchange and an OTC market, has been growing since 2008, but total corporate bonds...
Persistent link: https://www.econbiz.de/10013136398
In this paper we study the relationship between firm age, the use of external finance and new investment decisions, in a sample of European firms. We find that younger firms use less bank financing than older firms only in non-EU countries, suggesting that greater financial development and a...
Persistent link: https://www.econbiz.de/10013115696
The main goal of this paper is to present practical application of taxonomy (Multidimensional Comparative Analysis - MCA) to measure the level of intellectual capital of banks using VAIC™ (Value Added of Intellectual Coefficient) and MV/BV (Market Value to Book Value) ratio. The study includes...
Persistent link: https://www.econbiz.de/10013089494
formal financing and support firm growth. In this study, we systematically compare the relative importance of bank loans and … trade credit in promoting firm performance and firm growth, and find that access to bank loans is more important than does … channels, and suggest that it is an imperative to dismantle the financial repression regime so as to promote firm growth and …
Persistent link: https://www.econbiz.de/10013155248
This paper aims to examine and compare the profitability of Islamic and conventional banks located in 20 African countries over the period 2009-2018. Based on a sample of 21 Islamic banks and 297 conventional banks, this study shows that Islamic banks perform better than conventional banks in...
Persistent link: https://www.econbiz.de/10012833816
that the relationship between state ownership and lending is nonlinear. While overall loan growth decreased and interest …
Persistent link: https://www.econbiz.de/10012937756