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The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the …) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing difference … the aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual …
Persistent link: https://www.econbiz.de/10011751875
The aggregate saving indicator does not directly reflect changes in individuals’ microeconomic behavior. From the … investment) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing … fluctuations in the aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual …
Persistent link: https://www.econbiz.de/10011806421
The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the …) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing difference … the aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual …
Persistent link: https://www.econbiz.de/10011752165
The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the …) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing difference … aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual propensity to …
Persistent link: https://www.econbiz.de/10012942283
private savings, private sector credit, public sector credit, interest rate spread, exchange rates and economic growth. We …
Persistent link: https://www.econbiz.de/10010556624
Macroprudential policy mainly aims to enhance financial stability and reduce the possibility of costly financial crises. However, to achieve this, macroprudential policy decisions may have some unintended side effects on economic growth. The paper provides an empirical framework for...
Persistent link: https://www.econbiz.de/10014581555
This paper presents empirical support for the existence of wealth effects in the contribution of financial intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques applied to study the growth-promoting effects of financial...
Persistent link: https://www.econbiz.de/10010547099
, which coincides with the period of financial openness. In addition, the substitution effect between credit and equity …
Persistent link: https://www.econbiz.de/10010572107
financing. In several transition countries credit has similar maturity structure to that in Western Europe, while in other … transition countries credit remains mostly short-term. Several factors explain these differences: the political and institutional … of credit information sharing institutions. In contrast, the share of foreign owned banks and banking sector competition …
Persistent link: https://www.econbiz.de/10008852026
Banking sector openness may directly increase growth by improving the quality of financial services and increasing funds available, or indirectly by improving the efficiency of financial intermediaries, both of which may reduce the cost of financing, in turn, increase capital accumulation and...
Persistent link: https://www.econbiz.de/10010781188