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China passed a law of trusts in 2001 intending it to be useful to financial market participants. Drawing heavily from literature on economic institutions and economic development, this article assesses the potential success of the trust's becoming institutionalized in China. The conclusion is...
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. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate … sector for many countries is indeed granular, as the right tail of the bank size distribution follows a power law. We then … concentration is associated with a positive and significant relationship between bank-level credit growth and aggregate growth of …
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right tail of the bank size distribution follows a power law. Also, the presence of big banks as measured by high market …
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greater relative volatility in bank credit and consumption. The effects of fintech entry on macro outcomes and volatility …
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a reduction in output volatility, greater fintech entry also leads to greater volatility in bank credit, thereby …
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Political economy theories of financial development argue that in countries where a narrow elite controls political decisions, financial development may be obstructed to deny access to finance to potential competitors. We use panel data on developed and developing countries from 1975ndash;2000...
Persistent link: https://www.econbiz.de/10012758320
Following the severe financial crises of the 1990s and early 2000s, substantial efforts have been undertaken in Russia and Turkey to diversify and deepen the financial systems. However, despite unquestionable improvements, financial deepening in Russia and Turkey has taken place at a slower pace...
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