Showing 1 - 10 of 1,195
Expanding access to financial services holds the promise to help reduce poverty and spur economic development. But, as a practical matter, commercial banks have faced challenges expanding access to poor and low-income households in developing economies, and nonprofits have had limited reach. We...
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This paper analyzes the relations between social capital, institutions and trust. These concepts are full of ambiguity and confusion. This paper attempts to dissolve some of the confusion, by distinguishing trust and control, and analyzing institutional and relational conditions of trust. It...
Persistent link: https://www.econbiz.de/10012733578
In this paper we do a couple of things: discussing a way to measure the welfare cost of country risk, and measuring it for Argentina in the period 1875-2006. There are two conclusions: a) the welfare cost of Argentine risk has been huge: for example, in the period 1976-2006 it was around 20% of...
Persistent link: https://www.econbiz.de/10009413033
Since 2004 Egypt's growth has been accelerating in step with the launching of a series of ambitious reforms, reversing a trend during the preceding half-decade when Egypt's growth rate fell below that of most regional peers and well below that of the average developing country. This paper seeks...
Persistent link: https://www.econbiz.de/10012777362
This paper investigates the link between banking system expansion and economic growth. Contrary to evidence from the United States, several recent microeconomic studies from developing country settings do not find enduring effects of banking that carry over to the medium or long term. The paper...
Persistent link: https://www.econbiz.de/10012929904
This paper examines the impact of financial sector foreign direct investment (FSFDI) on economic growth by estimating a panel data model for 11 Central and Eastern European countries (CEECs) between 1996 and 2003 in a cross-country growth accounting framework. The analysis concentrates on the...
Persistent link: https://www.econbiz.de/10014060105
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We provide evidence on the growth patterns of microfinance clients. Our analysis is motivated by the debate on the … impact of microfinance on client income and growth. Based on loan-level data from close to 40,000 clients in Sub … our results provide econometric support for the largely anecdotal evidence presented by microfinance practitioners that …
Persistent link: https://www.econbiz.de/10010339390