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This paper studies the bank credit and industry growth effects stemming from the introduction of a tax on bank debits … deposits and into using cash and other quasi-currencies. I find that taxing bank transactions has a significant negative effect …
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matter for the relative merits of bank-based and market-based financial systems. Market-based systems work better in low rule … of law countries, while bank-based systems are more efficient in high-rule of law countries. These results are consistent … with the premise that market-based systems’ superiority in solving the incomplete information problem dominates over bank …
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The present economic and financial crisis is taking place at the climax of a period in which mainstream economic theory, on the one hand, and global financial liberalization on the other, had given credit once again to the self-regulatory ability of markets, which also seemed to find...
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The growing finance wage premium is related to a modest net reallocation of skilled workers from non-finance sectors into finance in a broad sample of 24 countries over 35 years. The reallocation is higher when the finance wage premium grows faster than the contribution of the financial sector...
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. Specifically, we study the relaxation of bank branching restrictions in Spain which triggered off a remarkable inter … bank inter-regional branch deregulation have any positive effect, the most benefited provinces would be the least developed …
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curves and an inability to offer deposit rates significantly below zero combine to compress bank earnings in this environment …
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