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Die 40. Auflage des gut benutzten Klassikers ist in Umfang und vor allem im Preis wesentlich erweitert (zuletzt BA 10/93). Teile des Buches wurden völlig neu konzipiert, um den tiefgreifenden Veränderungen in der nationalen und internationalen Finanzwirtschaft Rechnung zu tragen. Gleiches gilt...
Persistent link: https://www.econbiz.de/10001455653
This paper assesses how the financial system influences the strength of the liquidity effect in a calibrated limited participation model of the monetary transmission mechanism. The model suggests that bankbased systems should be characterized by smaller liquidity effects since monetary...
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Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …
Persistent link: https://www.econbiz.de/10013132794
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other. Despite the limited catching up of the region the ECE5 countries has a much less deep and more bank-based financial … ECE5 countries other non-bank financial institutions are those that potentially exposed to shadow banking risk. …
Persistent link: https://www.econbiz.de/10012517244
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Even though the sector of Non-bank financial intermediaries (NBFI) or shadow banks represent a large part of the …
Persistent link: https://www.econbiz.de/10009526259
This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...
Persistent link: https://www.econbiz.de/10011290078