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Economic Growth in Nigeria for the period 1970-2005. The econometric methodology employed was the Cointegration and Granger …
Persistent link: https://www.econbiz.de/10013149593
The finance sector is the lifeblood of any economy and its smooth functioning is central to rapid and inclusive economic growth. A well-functioning financial system must intermediate efficiently between savers and borrowers; manage risks prudently; provide a wide variety of financial services to...
Persistent link: https://www.econbiz.de/10011281272
This paper reviews the theoretical and empirical literature on links between domestic financial development and economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial regimes. First McKinnon and Shaw advocated financial...
Persistent link: https://www.econbiz.de/10011335226
economic growth? Economic Inquiry 49, 276-288] find a weakening effect of bank finance on growth for more recent periods in …
Persistent link: https://www.econbiz.de/10013116650
high number of bank branches and are readily accessible for economic agents. By pooling savings and acting as delegated … the private sector, a higher number of ATMs, bank accounts, and bank branches increases economic growth and reduces income …
Persistent link: https://www.econbiz.de/10012834770
This study discusses the current state of knowledge on the financial development and economic growth by reviewing the most decisive theoretical and empirical contributions. It is obvious that financial development is at least correlated with economic development and that a sound and refined...
Persistent link: https://www.econbiz.de/10012907618
to tell. The Bank of Thailand as well as regulatory and supervisory authorities have played a pivotal role in achieving …
Persistent link: https://www.econbiz.de/10012870897
channel. Using quarterly data on short to medium term real GDP growth and cross-border bank lending flows from G-10 countries … foreign bank credit supply and economic growth are compounded in countries with more corruption and less competitive banking …
Persistent link: https://www.econbiz.de/10012855698
The paper attempts to test empirically the hypothesis of Finance-led growth in India. For this it traces the relationship between growth rate of GDP and the M3/GDP ratio, well researched indicator of Financial Deepening for the period of 39 years (i.e, 1971-2010) with the help of recently...
Persistent link: https://www.econbiz.de/10013058954
state-owned banks not subject to bank runs. Financial intermediation is found to be surprisingly high and is consistent with … versus minimal presence in the People's Republic of China). Differing national structures are identified (bank dominated … state-owned banks or reduce their dominance; pursuing bank capitalization targets at least as ambitious as those of Basel …
Persistent link: https://www.econbiz.de/10013025059