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the study indicate that bank competition inspires industrial growth, particularly the growth of the financially dependent …
Persistent link: https://www.econbiz.de/10013492424
Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the political...
Persistent link: https://www.econbiz.de/10013117353
The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …
Persistent link: https://www.econbiz.de/10014067598
whether mobile phones, economic growth, bank competition and stability matter for financial inclusion. Data from 49 countries …. There was evidence to show that financial inclusion responds positively and significantly to shocks in bank competition …
Persistent link: https://www.econbiz.de/10012023995
In response to the COVID-19 pandemic, Congress introduced foreclosure moratorium. We show that this moratorium stabilizes the housing market, lowers the Loan-to-value ratio (LTV) of households, reduces their refinancing costs, and increases equity extraction. We estimate that the moratorium...
Persistent link: https://www.econbiz.de/10012832211
The asset management industry widely assumes that asset growth in a fund automatically follows superior performance. In this paper, we illustrate that while there is truth to this, it is not as straight forward as many would imagine. Performance is important, but is not sufficient to guarantee...
Persistent link: https://www.econbiz.de/10013032889
The existing weight of evidence suggests that financial structure (the classification of a financial system as bank-based versus market-based) is irrelevant for economic growth. This contradicts the common belief that the institutional structure of a financial system matters. We re-examine this...
Persistent link: https://www.econbiz.de/10011471744
This study aimed to analyse the stock market capitalisation and financial growth nexus of Western European countries from 1989 to 2018 in order to understand the interactive relationship between the stock market and the economy to identify the specifc financial market channels through which...
Persistent link: https://www.econbiz.de/10012667644
We revisit the relationship between economic growth and financial development in OECD countries during the period 1990-2016, paying special attention to the recent economic crisis. Using a random effects model, we find that an increase in domestic credit provided by the financial-sector, in...
Persistent link: https://www.econbiz.de/10012913597
This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial...
Persistent link: https://www.econbiz.de/10014023775