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How national and international financial development affect industrial R&D

Maskus, Keith E.; Neumann, Rebecca; Seidel, Tobias - In: European Economic Review 56 (2012) 1, pp. 72-83

We examine the impacts of both domestic and international financial market development on R&D intensities in 22 manufacturing industries in 18 OECD countries for the period 1990–2003. We take account of such industry characteristics as the need for external financing and the amount of tangible...

Persistent link: https://www.econbiz.de/10010688147

How National and International Financial Development Affect Industrial R&D

Maskus, Keith E.; Neumann, Rebecca; Seidel, Tobias - CESifo - 2011

We examine the impacts of both domestic and international financial market development on R&D intensities in 22 manufacturing industries in 18 OECD countries for the period 1990-2003. We take account of such industry characteristics as the need for external financing and the amount of tangible...

Persistent link: https://www.econbiz.de/10009150632

Do financial systems converge? New evidence from financial assets in OECD countries

Bruno, Giuseppe; De Bonis, Riccardo; Silvestrini, Andrea - In: Journal of Comparative Economics 40 (2012) 1, pp. 141-155

The objective of this paper is to study the issue of convergence of financial systems through the lens of asset … allocation. It examines β- and σ-convergence of the most important financial instruments: deposits, debt securities, shares and … existence of β-convergence of shares and insurance products, confirming an increasing importance of capital markets all over the …

Persistent link: https://www.econbiz.de/10011052830

ReâDesigning Financial Systems: A Review of the Role of Stock Markets in Developing Economies

Sharma, Parmendra; Roca, Eduardo - Department of Accounting, Finance and Economics, … - 2011

Persistent link: https://www.econbiz.de/10009371378

Finanzsystem und Komplementarität

Hackethal, Andreas; Schmidt, Reinhard H. - 2000

strong, there is a real possibility that the convergence of real-world financial systems, which many practitioners and … scholars currently believe will take place, is a convergence towards an inefficient system. …

Persistent link: https://www.econbiz.de/10010316263

Diversity in Finance: An Overview

Schmidt, Reinhard H. - In: Vierteljahrshefte zur Wirtschaftsforschung 87 (2018) 4, pp. 9-23

This paper aspires to provide an overview of the issue of diversity of banking and financial systems and its development over time from a positive and a normative perspective. In other word: how different are banks within a given country and how much do banking systems and entire financial...

Persistent link: https://www.econbiz.de/10012151381

Diversity in finance : an overview

Schmidt, Reinhard H. - In: Vierteljahrshefte zur Wirtschaftsforschung 87 (2018) 4, pp. 9-23

Persistent link: https://www.econbiz.de/10012153474

Why do financial systems differ? History matters

Monnet, Cyril; Quintin, Erwan - European Central Bank - 2005

We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different...

Persistent link: https://www.econbiz.de/10005530714

Cooperative Credit Banks and Economic Fluctuations: The Italian Case

Caporale, Guglielmo Maria; Alessi, Matteo - 2024

This paper analyses lending behaviour and economic fluctuations in the Italian banking system as a whole and in the case of the Cooperative Credit Banks (CCBs) using time series data from 2000Q1 to 2022Q4. The specified models include the main determinants of loans to households and firms. In...

Persistent link: https://www.econbiz.de/10014534307

Complementarity and Financial Systems

Hackethal, A.; Tyrell, Marcel - 1999

Individual financial systems can be understood as very specific configurations of certain key elements. Often these configurations remain unchanged for decades. We hypothesize that there is a specific relationship between key elements, namely that of complementarity. Thus, complementarity seems...

Persistent link: https://www.econbiz.de/10010316267