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Persistent link: https://www.econbiz.de/10012895583
Purpose - The purpose of this study is to evaluate the effect of some internal features that influence the efficiency … of non-bank financial institutions (NBFIs) in Bangladesh. Design/methodology/approach - The study selected the top 15 … operational efficiency. The ordinary least square regression technique was applied to measure the impact of firm-specific factors …
Persistent link: https://www.econbiz.de/10014445523
We assess the relationship between finance and growth over the period 1980-2014. We estimate a cross-country growth regression for 48 countries during 20 periods of 15 years starting in 1980 (to 1995) and ending in 1999 (to 2014). We use OLS and IV estimations and we find that: 1) overall...
Persistent link: https://www.econbiz.de/10011918936
The offerings of financial products to investors have evolved considerably over the last decades. This study was undertaken to understand the importance of financial products in Portugal for banks and private clients. Different financial products can provide to banks an important role on their...
Persistent link: https://www.econbiz.de/10012101469
Joseph A. Schumpeter is one of the most famous economists of the 20th century and the ’patron saint’ of the finance and growth literature. We have discovered that the prevailing literature has, however, misinterpreted Schumpeter, which leads to puzzling empirical results and difficulties in...
Persistent link: https://www.econbiz.de/10013201693
This paper argues that bank runs on the shadow banking system was a significant factor in the spread of subprime losses …
Persistent link: https://www.econbiz.de/10013008924
establishing the growth enhancing role of bank-based financial intermediation through empirical evidence has also found that access … period from 1975 to 2007. The theoretical and empirical analysis leads us to conclude that bank led financial inclusion has …
Persistent link: https://www.econbiz.de/10013102296
The paper explores whether a theory of banks doing ‘finance through money creation' implies a reconsideration of demand-side macro theory as well. To this aim, a simple methodological accounting model of the influence of financial markets over the real economy is presented. The model allows a...
Persistent link: https://www.econbiz.de/10012930485
Persistent link: https://www.econbiz.de/10002093533
Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …
Persistent link: https://www.econbiz.de/10013132794