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The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial institutions. This paper describes the...
Persistent link: https://www.econbiz.de/10011395060
Persistent link: https://www.econbiz.de/10009413457
The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial institutions. This paper describes the...
Persistent link: https://www.econbiz.de/10012975816
The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial institutions. This paper describes the...
Persistent link: https://www.econbiz.de/10012551265
We analyze 1,334 estimates from 67 studies that examine the effect of financial development on economic growth. Taken together, the studies imply a positive and statistically significant effect, but individual estimates vary a lot. We find that both research design and heterogeneity in the...
Persistent link: https://www.econbiz.de/10013078477
Persistent link: https://www.econbiz.de/10012793126
We estimate the causal effect of natural catastrophes on financial development. We focus on largest catastrophes in developing economies in 1960-2016, employ synthetic control method to compute the counterfactual and use the credit to GDP ratio as the measure of financial development. Our...
Persistent link: https://www.econbiz.de/10012242866
Persistent link: https://www.econbiz.de/10011959775