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Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe
Barajas, Adolfo; Beck, Thorsten; Dabla-Norris, Era; … - International Monetary Fund (IMF) - 2013
This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and...
Persistent link: https://www.econbiz.de/10010790428
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Exploring the causality links between financial markets and foreign direct investment in Africa
Agbloyor, Elikplimi Komla; Abor, Joshua; Adjasi, … - In: Research in International Business and Finance 28 (2013) C, pp. 118-134
This paper sets out to explore the causality links between financial markets and foreign direct investment (FDI) in …SLS panel instrumental variable approach to obviate simultaneous causality bias. Our results suggest that a more advanced …
Persistent link: https://www.econbiz.de/10010616905
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Evidence on the volatility of Indian and Japanese stock markets
Singh, Tarika; Mehta, Seema; Gupta, Deepali - In: American Journal of Finance and Accounting 2 (2010) 1, pp. 53-64
The purpose of the present study is to find out the historical volatility of the CNX S&P Nifty and Nikkie225 stock exchanges of India and Japan, respectively. The researchers have also tried to find out the impact of treasury bond rates changes on insurance companies in Japan and banking...
Persistent link: https://www.econbiz.de/10008755393
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Bank Capital; Lessons From the Financial Crisis
Merrouche, Ouarda; Detragiache, Enrica; … - International Monetary Fund (IMF) - 2010
Using a multi-country panel of banks, we study whether better capitalized banks experienced higher stock returns during … associated with better stock market performance, most markedly for larger banks; (iii) the relationship between stock returns and …
Persistent link: https://www.econbiz.de/10008777012
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Nonperforming Loans in the GCC Banking System and their Macroeconomic Effects
Espinoza, Raphael A.; Prasad, Ananthakrishnan - International Monetary Fund (IMF) - 2010
According to a dynamic panel estimated over 1995 - 2008 on around 80 banks in the GCC region, the NPL ratio worsens as …
Persistent link: https://www.econbiz.de/10008680279
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Financial Markets, Banks, and Growth : Disentangling the links
Giovannini, Alessandro; Iacopetta, Maurizio; Minetti, Raoul - In: Revue de l'OFCE N° 131 (2013) 5, pp. 105-147
examine the issue of measurement of financial development and the debate on the direction of causality between finance and …
Persistent link: https://www.econbiz.de/10011187026
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Reexamining the Finance–Growth Relationship for a Developing Economy: A Time Series Analysis of Post-reform India
Kar, Sabyasachi; Mandal, Kumarjit - eSocialSciences - 2012
The cross-country empirical literature on the finance-growth relationship has debated three propositions: (i) financial deepening has a strong impact on the growth process; (ii) measures of financial “activity†rather than the “size†of the sector plays a more significant...
Persistent link: https://www.econbiz.de/10011133124
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How Did Markets React to Stress Tests?
Candelon, Bertrand; Sy, Amadou N. R. - International Monetary Fund (IMF) - 2015
We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a positive impact on stressed banks’ returns. While the 2009 U.S. stress test had a large positive outcome, the impact of subsequent U.S....
Persistent link: https://www.econbiz.de/10011242203
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Stock market volatility and bank performance in China
Tan, Yong; Floros, Christos - In: Studies in Economics and Finance 29 (2012) August, pp. 211-228
/methodology/approach – The sample comprises a total of 11 banks (four state-owned and seven joint-stock commercial banks) listed in the Chinese … state-owned and joint-stock banks, while the capital level is negatively related to joint-stock commercial banks. With … productivity improve the performance of both state-owned and joint-stock commercial banks. Large volume of non-traditional activity …
Persistent link: https://www.econbiz.de/10010561132
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Stock markets and the costs of banking crises
DeLean, Tess; P. Joyce, Joseph - In: Journal of Financial Economic Policy 6 (2014) 4, pp. 342-361
Purpose – This paper aims to investigate whether stock markets can reduce the output costs of banking crises. The work is motivated by Alan Greenspan’s claim that capital markets serve as a financial “spare tire” in the event of a banking crisis. Design/methodology/approach – We test...
Persistent link: https://www.econbiz.de/10014866898