The picture of the securities exchanges and financial sectors in CEE countries is still relatively unfavorable. The CEE securities exchanges - with the only exception ofthe Warsaw Stock Exchange - are, in comparison with their western counterparts, underdeveloped and less important for the...

In recent years, pension funds and other institutional investors have begun to give more attention to the environmental and social behaviour of the companies in which they invest. A recent movement for socially responsible investment (SRI) seeks to exclude companies that pollute or ignore human...

China's 1993 Austerity Plan and the 1995 Bank Law basically attempts to limit the use of bank loans for unproductive investments. In particular, the 1995 Bank law firmly establishes the Central Bank, thereby facilitating the effective deployment of monetary policy. However, the reform concerns...

Il sistema bancario e finanziario italiano utilizza l'innovazione per modificare la propria struttura e per cogliere nuove occasioni di profittabilitagrave; e di miglioramento della performance. Le banche italiane, sottoposte ad una crescente pressione concorrenziale a causa delle mutate...

There is increasing emphasis on the importance of efficient financial markets for sustained real investment and economic growth, yet limited empirical research on the effects of the deregulation of financial markets on the firm`s investment decisions. To test the ability of the 1980 financial...

This study presents a theory of financial infrastructure - or the set of rules, institutions, and systems within which agents carry out financial transactions. It investigates the effects of financial infrastructure development on financial architecture and real capital accumulation, taking into...

Green bonds emerged as a new form of environmental financing. While most investors still view them as a niche product in the overall fixed income market. Green bonds have grown rapidly to nearly USD 62.6 billion in issuance till Oct 2016 globally. The share of issuances by Indian entities was...

In response to the limited engagement with critical social science concerning the governance of Islamic banking and finance (IBF), this paper examines the development and governance of IBF in Malaysia and Singapore through the entanglements of conventional ‘market-disciplinary rule regimes',...

We estimate a panel Bayesian vector autoregression model for a cross-section of seven advanced European economies and produce out-of-sample forecasts of GDP conditionally on observed developments of interest rates and credit. We show that by using a smooth transition version of the model and...

Use of technology innovation and digital inclined financial services has seen a remarkable endorsement in Africa. Mobile money accounts are growing and could overcome the number to those of financial institutions in Africa. The paper examines generally the opportunities for sub-Saharan African...