Digital financial services and more importantly, mobile money, have become an important financial innovation to advance financial inclusion in developing and emerging economies. While digital financial services have improved the lives of many Kenyans, to the growing betting segment of the Kenyan...

Digital financial services and more importantly, mobile money, have become an important financial innovation to advance financial inclusion in developing and emerging economies. While digital financial services have improved the lives of many Kenyans, to the growing betting segment of the Kenyan...

As of the reserve maintenance period commencing in November 2010, Hungarian credit institutions will be free to decide whether to apply the previously valid 2% reserve ratio, or to apply a higher mandatory reserve ratio. Credit institutions required to hold reserves may select from reserve...

En el presente trabajo se analiza, por medio del multiplicador monetario, el hipotético papel que pueda llegar a tener el dinero electrónico en el conjunto de la oferta monetaria. Suponiendo una sustitución o compra de efectivo tradicional o depósitos a la vista por dinero electrónico, y...

In this study, the relationship between total domestic credit volume and current account deficit in Turkey is investigated with the unit root test with multiple structural breaks of Carrion-i-Silvestre (2009) and cointegration test with multiple structural breaks of Maki (2012) by using...

We review the literature regarding the impact of financial innovation on the monetary transmission mechanism and on the way the central bank can achieve its ultimate goal, that is to control the price level. We argue that, although the form ofcentral bank instruments and current methods for...

We review the literature regarding the impact of financial innovation on the monetary transmission mechanism and on the way the central bank can achieve its ultimate goal, that is to control the price level. We argue that, although the form ofcentral bank instruments and current methods for...

A közelmúltban több olyan tanulmány, publicisztika látott napvilágot Magyarországon, amely a pénzügyi rendszer .eltorzult. fejlődését, a .pénzvilág. túlzott befolyását elemezte. E tanulmány megírásának célja a .pénzvilággal kapcsolatos félelmek. összetevőinek...

This paper contributes relevant empirical evidence which indicates the existence of difference in default rate of loans between male and female. It concludes that independent of type of loans, the default rate of female is less than male. Moreover this paper analyzes the effect of other...

Conventional monetary theory suggests that a closed system banking regime may lead to in-concert overexpansions of circulation by its banks. However, Selgin (2001, 2010) argues that this is unlikely as long as there are enough banks to ensure (i) routine interbank settlement and (ii) no...