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the study indicate that bank competition inspires industrial growth, particularly the growth of the financially dependent …
Persistent link: https://www.econbiz.de/10013492424
Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the political...
Persistent link: https://www.econbiz.de/10013117353
The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …
Persistent link: https://www.econbiz.de/10014067598
whether mobile phones, economic growth, bank competition and stability matter for financial inclusion. Data from 49 countries …. There was evidence to show that financial inclusion responds positively and significantly to shocks in bank competition …
Persistent link: https://www.econbiz.de/10012023995
In response to the COVID-19 pandemic, Congress introduced foreclosure moratorium. We show that this moratorium stabilizes the housing market, lowers the Loan-to-value ratio (LTV) of households, reduces their refinancing costs, and increases equity extraction. We estimate that the moratorium...
Persistent link: https://www.econbiz.de/10012832211
The objective of this paper is to examine the influence of financial development consisting of financial depth, investment share and inflation on economic growth of ASEAN during 2002 through 2011. Using the fixed effect panel data OLS regression estimations, the study shows that share investment...
Persistent link: https://www.econbiz.de/10011183542
The asset management industry widely assumes that asset growth in a fund automatically follows superior performance. In this paper, we illustrate that while there is truth to this, it is not as straight forward as many would imagine. Performance is important, but is not sufficient to guarantee...
Persistent link: https://www.econbiz.de/10013032889
The existing weight of evidence suggests that financial structure (the classification of a financial system as bank-based versus market-based) is irrelevant for economic growth. This contradicts the common belief that the institutional structure of a financial system matters. We re-examine this...
Persistent link: https://www.econbiz.de/10011471744
Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of 'market socialism with Chinese characteristics.' The Chinese Communist Party (CCP), by controlling the career advancement...
Persistent link: https://www.econbiz.de/10013091974
The present survey aims to summarize the most relevant findings of the theoretical models on finance and growth and to relate them to the empirical evidence. Since it is too ambitious to provide a complete understanding of the existing debate, this survey describes the most relevant...
Persistent link: https://www.econbiz.de/10013157725