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Financial structure and stability: An empirical exploration
Singh, Shikha; Sarma, Mandira - In: Journal of Central Banking Theory and Practice 9 (2020) S1, pp. 9-32
This paper attempts to investigate empirically whether financial and macroeconomic stability of economies are … significantly affected by the structure of their financial systems, viz., bank-based and market-based structures. Using panel data … estimations based on data from 82 countries for the period of 1996-2012, we find that in general, bank-based financial system …
Persistent link: https://www.econbiz.de/10014558479
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Changes in the structure of financial intermediation : Eastern-Central European developments in the light of global and European trends
Bethlendi, András; Mérő, Katalin - In: Danube : law and economics review 11 (2020) 4, pp. 283-299
other. Despite the limited catching up of the region the ECE5 countries has a much less deep and more bank-based financial … ECE5 countries other non-bank financial institutions are those that potentially exposed to shadow banking risk. …
Persistent link: https://www.econbiz.de/10012517244
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The political economy of financial systems
Haber, Stephen H.; Perotti, Enrico C. - 2008
This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...
Persistent link: https://www.econbiz.de/10011374399
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A Climate Stress-Test of the Financial System
Battiston, Stefano; Mandel, Antoine - 2020
The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a...
Persistent link: https://www.econbiz.de/10012855741
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Financial Structure and Growth
Gambacorta, Leonardo - 2014
Up to a point, banks and markets both foster economic growth. Beyond that limit, expanded bank lending or market … with financial crises, we find that the impact on GDP has been three times as severe for bank-oriented economies as it has …
Persistent link: https://www.econbiz.de/10013052174
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Financial Jeorpardy
Madan, Dilip B. - 2016
Learning the pre limited liability value process of equity claims and its relationship to the stock price is an answer to the financial jeorpardy question when observed option prices are the answer being given by the market. Constant dollar equity holder values, prior to the imposition of...
Persistent link: https://www.econbiz.de/10013004139
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The effect of economic growth determinants on economic growth : a study on different financial systems
Ferdaous, Jannatul - In: Journal of business and economic analysis : (JBEA) 5 (2022) 3, pp. 241-253
is any difference in the effects of the factors of economic growth across two distinct financial systems (bank-based and …
Persistent link: https://www.econbiz.de/10014461486
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The conceptual framework for the operation of financial systems in the context of global structural transformations of business models of banking
Melnyk, Tetiana; Melnychenko, Svitlana; Reznikova, Natalya - In: Baltic Journal of Economic Studies 5 (2019) 4, pp. 148-154
Persistent link: https://www.econbiz.de/10012291314
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Finance for growth : does a balanced financial structure matter?
Cuadro-Sáez, Lucía (contributor);  … - 2007
In this paper we explore empirically a long-standing question in the literature on finance for growth, namely whether the financial structure -in terms of the size of the banking system relative to the capital market- matters for economic growth. We build upon the existing literature by...
Persistent link: https://www.econbiz.de/10003504583
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AI and Finance
Eisfeldt, Andrea L. - 2024
We provide evidence that the development and adoption of Generative AI is driving a significant technological shift for firms and for financial research. We review the literature on the impact of ChatGPT on firm value and provide directions for future research investigating the impact of this...
Persistent link: https://www.econbiz.de/10015094918