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Financial Intermediaries, Markets and Growth
Fecht, Falko - 2016
We build a model in which financial intermediaries provide insurance to households against a liquidity shock. Households can also invest directly on a financial market if they pay a cost. In equilibrium, the ability of intermediaries to share risk is constrained by the market. This can be...
Persistent link: https://www.econbiz.de/10012991332
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Financial Intermediaries, Markets, and Growth
Fecht, Falko; Huang, Kevin X. D.; Martin, Antoine - 2019
-off between risk sharing and growth arises endogenously. In the model, financial intermediaries provide insurance to households …
Persistent link: https://www.econbiz.de/10014070836
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Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations
Kundu, Shohini; Vats, Nishant - 2021
relationship between foreign idiosyncratic shocks and domestic economic growth between 1978 and 2000. Contemporaneous changes in … associated with a 0.05-0.26 pp increase in economic growth. Lastly, this can potentially explain the Great Moderation. …
Persistent link: https://www.econbiz.de/10012694566
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Financial development, rule of law and wealth inequality : Bayesian model averaging evidence
Horváth, Roman; Horvatovay, Eva; Siranova, Maria - 2017
We examine the determinants of financial development using our global sample and employing a rich set of measures of financial development that assess the degree of depth, access, stability and efficiency of financial intermediaries. We use Bayesian model averaging to test competing theories...
Persistent link: https://www.econbiz.de/10011737445
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Impact of Khartoum Stock Exchange market performance on economic growth : an autoregressive distributed lag ARDL bounds testing model
Elhassan, Tomader; Braima, Bakhita - In: Economies : open access journal 8 (2020) 4/86, pp. 1-16
This study examines the impact of the Khartoum Stock Exchange market performance on economic growth in Sudan from Q1 … performance on economic growth. The results show that the Khartoum Stock Exchange market performance has a limited impact on … economic growth. The results of the ARDL test reveal that the speed of adjustment towards long-run equilibrium after a short …
Persistent link: https://www.econbiz.de/10012311623
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Institutions for the Selection of Entrepreneurs: Implications for Economic Growth and Financial Crises
Pelikan, Pavel - 1999
The search for growth-promoting policies is found to demand knowledge of how growth depends upon actions of …
Persistent link: https://www.econbiz.de/10010335169
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Financial intermediaries, markets and growth
Fecht, Falko; Huang, Kevin; Martin, Antoine - 2005
We build a model in which financial intermediaries provide insurance to households against a liquidity shock. Households can also invest directly on a financial market if they pay a cost. In equilibrium, the ability of intermediaries to share risk is constrained by the market. This can be...
Persistent link: https://www.econbiz.de/10010295671
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Inflation risk and the finance-growth nexus
Corhay, Alexandre; Tong, Jincheng - 2021
This paper shows that the effect of inflation on asset prices and real aggregates depends on the financial intermediation sector. When firms finance using nominal long-term debt issued by financial intermediaries, unexpected changes in inflation lead to a wealth transfer across sectors. Higher...
Persistent link: https://www.econbiz.de/10012595351
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Financial intermediation and economic growth : the post-liberalization Indian experience
Sarkar, Agnirup - In: Macroeconomics and finance in emerging market economies 6 (2013) 2, pp. 280-294
Persistent link: https://www.econbiz.de/10010203947
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Banks, financial markets and growth in developed countries : a survey of the empirical literature
Bijlsma, Michiel J.; Dubovik, Andrei - 2014
Persistent link: https://www.econbiz.de/10010388716