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Does finance cause growth? Evidence from the origins of banking in Russia

Berkowitz, Daniel; Hoekstra, Mark; Schoors, Koen - 2012

This paper examines the effect of banking on economic growth in modern Russia. To overcome simultaneity and selection … uncorrelated with 15 predictors of future growth, including pre-banking income, education, anti-market sentiment, institutional …. Additional results indicate that spetsbanks increased growth in regions in which they were less connected to government and were …

Persistent link: https://www.econbiz.de/10012148665

Comparative models of capitalism in the areas of financial system and corporate governance: The diversity of capitalism approach perspective

Pisany, Paweł - In: International Journal of Management and Economics 52 (2016) 1, pp. 59-76

This article presents and assesses the methodology and results of a comparative analysis conducted by Bruno Amable in financial systems and corporate governance in the context of current policy and regulatory challenges. The article, which is based on a literature review and game theory...

Persistent link: https://www.econbiz.de/10015192165

What's different about bank holding companies?

Chami, Ralph; Cosimano, Thomas F.; Ma, Jun; Rochon, Céline - In: Journal of Risk and Financial Management 15 (2022) 5, pp. 1-32

We develop a dynamic model of a BHC that encompasses both a trading desk and a loan desk, and explore the role of risk attitude and overleveraging by the trading desk. We trace the impact of monetary policy and market innovations on bank behavior in the presence of Basel III type regulations. We...

Persistent link: https://www.econbiz.de/10014332407

Does Planning Belong to the Politics of the Past?

Czarniawska, Barbara - In: Contemporary Economics 6 (2012) 4, pp. 36-48

According to many authors, so-called 'central planning' had disappeared from European countries by 1989. However, this is by no means certain. Many former centrally planned economies still engage in central planning, in both the private and public sectors. Moreover, there is a striking...

Persistent link: https://www.econbiz.de/10010436023

Banking Firm, Equity and Value at Risk

Broll, Udo; Sobiech, Anna; Wahl, Jack E. - In: Contemporary Economics 6 (2012) 4, pp. 50-53

The paper focuses on the interaction between the solvency probability of a banking firm and the diversification potential of its asset portfolio when determining optimal equity capital. The purpose of this paper is to incorporate value at risk (VaR) into the firm-theoretical model of a banking...

Persistent link: https://www.econbiz.de/10010436089

Money, banking and financial markets

Andolfatto, David; Berentsen, Aleksander; Martin, … - 2017

The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical nature of this interaction, however, has not been fully explored. To this end, we integrate the Diamond (1997) model of banking and financial markets with the Lagos and Wright...

Persistent link: https://www.econbiz.de/10011969184

Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis

International Monetary Fund (IMF); International … - 2012

sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by …

Persistent link: https://www.econbiz.de/10011142021

Why are the G-20 Data Gaps Initiative and the SDDS Plus Relevant for Financial Stability Analysis?

Heath, Robert M. - International Monetary Fund (IMF) - 2013

In the wake of the recent global crisis the international community is giving an increased focus on stability of the financial system, so-called financial stability analysis. With the increasing need for data sets to undertake this analysis, the question naturally arises as to what types of data...

Persistent link: https://www.econbiz.de/10011142045

Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking

Nicoló, Gianni De; Gamba, Andrea; Lucchetta, Marcella - International Monetary Fund (IMF) - 2012

This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and liquidity risk. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare, with their benefits turning into costs beyond a...

Persistent link: https://www.econbiz.de/10011142059

A Dilution Cost Approach to Financial Intermediation and Securities Markets

Bolton, P.; Freixas, X. - Tilburg University, Center for Economic Research - 1998

Persistent link: https://www.econbiz.de/10011091806