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This document provides empirical evidence about the role of the financial system on the growth of developing economies … financial development and economic growth was found. The estimates suggest that the financial system contributes to increase … economic growth by improving investment allocation. Therefore, a properly functioning financial system is a necessary but not a …
Persistent link: https://www.econbiz.de/10010603898
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...
Persistent link: https://www.econbiz.de/10011902705
While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional...
Persistent link: https://www.econbiz.de/10011716181
This would seem an opportune moment to reshape banking systems in the Americas. But any effort to rethink and improve banking must acknowledge three major barriers. The first is a crisis of vision: there has been too little consideration of what kind of banking system would work best for...
Persistent link: https://www.econbiz.de/10010281752
This would seem an opportune moment to reshape banking systems in the Americas. But any effort to rethink and improve banking must acknowledge three major barriers. The first is a crisis of vision: there has been too little consideration of what kind of banking system would work best for...
Persistent link: https://www.econbiz.de/10008542712
This would seem an opportune moment to reshape banking systems in the Americas. But any effort to rethink and improve banking must acknowledge three major barriers. The first is a crisis of vision: there has been too little consideration of what kind of banking system would work best for...
Persistent link: https://www.econbiz.de/10013141546
This would seem an opportune moment to reshape banking systems in the Americas. But any effort to rethink and improve banking must acknowledge three major barriers. The first is a crisis of vision: there has been too little consideration of what kind of banking system would work best for...
Persistent link: https://www.econbiz.de/10003996775
funds, and, presumably, capital investment decisions and economic growth …
Persistent link: https://www.econbiz.de/10012737924
Johnson, McMillan and Woodruff (2002) examine the relative importance of property rights and external finance in several Eastern European countries, and find property rights to be overwhelmingly important, while external finance explains very little of firm reinvestment. McMillan and Woodruff...
Persistent link: https://www.econbiz.de/10014071540
Although, Islamic law has been in existence for more than fourteen hundred years, but its implementation have been … institutional and contract theory literatures. The study that link finance and growth takes many dimensions. One of the dimensions … is law and finance view. In the beginning, the studies that link the former only look at the finance variables and …
Persistent link: https://www.econbiz.de/10015215873