In the absence of appropriate remedial measures, financial instability can cause the collapse of even more financial institutions, problems in the financial system infrastructure and it can ultimately affect all the financial markets. The contagion effect threats to spread internationally and it...

In discussions about the efficacy of monetary policy instruments, attention is often focused on analysing the money supply process. Monetarists, in general, argue that the monetary authorities can exercise effective control over the stock of money; others, especially those who share the new view...

This paper is an attempt to examine the relationship between financial development and income inequality. In doing so, we have used Bangladeshi data for the period 1985-2006. We have employed Autoregressive Distributed Lag (ARDL) methodology for cointegration. We have also carried out...

A number of existing studies have examined the theoretical link between financial development and economic growth. Kose et al. (2010), among others, have argued that financial development can affect the extent of the benefits from foreign direct investment. Other studies, such as Huang (2010)...

This paper analyzes optimal monetary policy in a standard New-Keynesian model augmented with a financial sector. The banks in the model are subject to shocks which impede their ability and willingness to produce financial assets. We show these financial market supply shocks decrease both the...

The recent shift in policy towards market-oriented systems has led to increasing attention towards the development of efficient financial systems in developing countries. The key role of the financial sector in the savings-investment growth bond is to provide a channel for promoting investment...

The Caribbean is at a crossroads. The Economic Partnership Agreement (EPA) and the CARICOM Single Market Economy (CSME) herald a more liberalized trading environment with all of the potential benefits that come with the freer movement of goods, services, and labor. At the same time, the loss of...

The study presents the results of an analysis of credit risk factors of the Jordanian banking system. The objective of the empirical analysis is to establish which some factors influence the systematic credit risk of the Jordanian banking loan portfolio The sample consists of a panel of 14...

The concept of the internal marketing was defi ned in order to stress the role of employees as the key element in determining service quality. Although the origin of the term is in the service marketing literature of the 70s, many authors stress that both general and particular problems are not...

The study explores the contributory powers of urbanisation, services sector expansion and development assistance on per worker income in Fiji over the periods 1981-2009 using the ARDL bounds approach. The results show that sectors like tourism, information and communications technology,...