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Bank deregulation, competition and economic growth : the US free banking experience
Ager, Philipp; Spargoli, Fabrizio - 2013
) leading to efficiency gains in the banking market. Our findings suggest that the more frequent bank failures occurring in a …We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of … removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic …
Persistent link: https://www.econbiz.de/10010227307
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Entry of foreign banks and their impact on host countries
Lehner, Maria; Schnitzer, Monika - 2006
Foreign bank entry is frequently associated with spillover effects for local banks and increasing competition in the … local banking market. We study the impact of these effects on host countries. In particular, we ask how these effects … interact and how they depend on the competitive environment of the host banking market. An increasing number of banks is more …
Persistent link: https://www.econbiz.de/10003412387
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Entry of foreign banks and their impact on host countries
Lehner, Maria; Schnitzer, Monika - 2006
spillovers and competition tend to weaken each other. -- foreign bank entry ; multinational bank ; competition in banking …Foreign bank entry is frequently associated with spillover effects for local banks and increasing competition in the … local banking market. We study the impact of these effects on host countries. In particular, we ask how these effects …
Persistent link: https://www.econbiz.de/10009744922
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Entry of foreign banks and their impact on host countries
Lehner, Maria; Schnitzer, Monika - 2006
Foreign bank entry is frequently associated with spillover effects for local banks and increasing competition in the … local banking market. We study the impact of these effects on host countries. In particular, we ask how these effects … interact and how they depend on the competitive environment of the host banking market. An increasing number of banks is more …
Persistent link: https://www.econbiz.de/10010365888
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Competing Lending Platforms, Endogenous Reputation, and Fragility in Microcredit Markets
Bardsley, Peter - 2015
This paper shows that market fragility and mass default can arise in microcredit markets as a result of the strategic interaction between a microlender using a reputation-based mechanism and a traditional lender using physical collateral. In our model, borrowers solve a dynamic programming...
Persistent link: https://www.econbiz.de/10013036447
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Financial Intermediaries and Economic Development – A Study of Transaction Costs of Borrowing for the Poor
Swamy, Vighneswara - 2012
This study while validating the increasing role for financial intermediaries in economic development has attempted to highlight the importance of reduction of transaction costs for financial deepening and consequent economic growth. It is elucidated that higher transaction costs of borrowing for...
Persistent link: https://www.econbiz.de/10013102298
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Mobile Money, Trade Credit and Economic Development : Theory and Evidence
Beck, Thorsten - 2015
Using a novel enterprise survey from Kenya (FinAccess Business), we document a strong positive association between the use of mobile money as a method to pay suppliers and access to trade credit. We develop a dynamic general equilibrium model with heterogeneous entrepreneurs, imperfect credit...
Persistent link: https://www.econbiz.de/10013025086
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Can Financial Infrastructures Foster Economic Development?
Amable, Bruno - 2010
In this paper, financial infrastructures increase the efficiency of the banking sector: they decrease the market power …
Persistent link: https://www.econbiz.de/10013134878
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Credit standards and capital allocation in a low interest rate environment
Andersen, Svend Greniman; Kuchler, Andreas - 2016
crisis. The analysis indicates that low interest rates and increased competition among financial intermediaries have not lead …
Persistent link: https://www.econbiz.de/10011489436
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Public Ownership of Banks and Economic Growth – The Role of Heterogeneity
Körner, Tobias - 2010
In an influential paper, La Porta, Lopez-De-Silanes and Shleifer (2002) argued that public ownership of banks is associated with lower GDP growth. We show that this relationship does not hold for all countries, but depends on a country's financial development and political institutions. Public...
Persistent link: https://www.econbiz.de/10013137631