Regional Financial Development And Bank Competition Effects On Economic Growth
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Finance, Financial Sector Policies, and Long-run Growth
| Author | : Asli Demirguc-Kunt |
| Publisher | : World Bank Publications |
| Total Pages | : 82 |
| Release | : 2008 |
| Genre | : Access to Finance |
| ISBN | : |
Abstract: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.
Finance and Growth
| Author | : Ross Levine |
| Publisher | : |
| Total Pages | : 130 |
| Release | : 2004 |
| Genre | : Economic development |
| ISBN | : |
"This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research"--NBER website
Cost-Benefit Analysis of Leaning Against the Wind
| Author | : Mr.Lars E. O. Svensson |
| Publisher | : International Monetary Fund |
| Total Pages | : 76 |
| Release | : 2016-01-11 |
| Genre | : Business & Economics |
| ISBN | : 1498314783 |
“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of higher unemployment and lower inflation, importantly including a higher cost of a crisis when the economy is weaker. For existing empirical estimates, costs exceed benefits by a substantial margin, even if monetary policy is nonneutral and permanently affects real debt. Somewhat surprisingly, less effective macroprudential policy and generally a credit boom, with resulting higher probability, severity, or duration of a crisis, increases costs of LAW more than benefits, thus further strengthening the strong case against LAW.
Geospatial Analysis
| Author | : Michael John De Smith |
| Publisher | : Troubador Publishing Ltd |
| Total Pages | : 417 |
| Release | : 2007 |
| Genre | : Mathematics |
| ISBN | : 1905886608 |
Addresses a range of analytical techniques that are provided within modern Geographic Information Systems and related geospatial software products. This guide covers: the principal concepts of geospatial analysis; core components of geospatial analysis; and, surface analysis, including surface form analysis, gridding and interpolation methods.
Finance and Growth
| Author | : Asli Demirgüç-Kunt |
| Publisher | : |
| Total Pages | : 1616 |
| Release | : 2018-07-27 |
| Genre | : Economic development |
| ISBN | : 9781785367427 |
This two-volume collection brings together major contributions to the study of finance and growth. It includes conceptual and empirical papers that use a range of methodologies to discover the connections between financial systems - including financial contracts, markets, and intermediaries - and the functioning of the economy - including economic growth, entrepreneurship, technological innovation, poverty alleviation, the distribution of income, and the structure and volatility of economies. It also discusses contributions to the study of the legal, political, institutional, social capital and policy determinants of financial development. With an original introduction by the editors, this collection is an important resource for students, academics and practitioners.
Mobilization Effects of Multilateral Development Banks
| Author | : Chiara Broccolini |
| Publisher | : International Monetary Fund |
| Total Pages | : 51 |
| Release | : 2019-02-15 |
| Genre | : Business & Economics |
| ISBN | : 1498301061 |
We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling for a large set of fixed effects. We find evidence of positive and significant direct and indirect mobilization effects of multilateral lending on the number of deals and on the total size of bank inflows. The number of lending banks and the average maturity of syndicated loans also increase after MDB lending. These effects are present not only on impact, but they last up to three years and are not offset by a decline in bond financing. There is no evidence of anticipation effects and the results are not driven by confounding factors, such as the presence of large global banks, Chinese lending and aid flows. Finally, the economic effects are sizable, suggesting that MBDs can play a vital role to mobilize private sector financing to achieve the goals of the 2030 Development Agenda.
Foreign Banks
| Author | : Mr.Stijn Claessens |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 2012-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1463939027 |
This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20 percent in OECD countries and 50 percent elsewhere. Foreign banks have higher capital and more liquidity, but lower profitability than domestic banks do. Only in developing countries is foreign bank presence negatively related with domestic credit creation. During the global crisis foreign banks reduced credit more compared to domestic banks, except when they dominated the host banking systems.
Financial Structure and Economic Growth
| Author | : Aslı Demirgüç-Kunt |
| Publisher | : MIT Press |
| Total Pages | : 452 |
| Release | : 2001 |
| Genre | : Business & Economics |
| ISBN | : 9780262541794 |
CD-ROM contains: World Bank data.
Financial Inclusion: What Have We Learned So Far? What Do We Have to Learn?
| Author | : Adolfo Barajas |
| Publisher | : |
| Total Pages | : 51 |
| Release | : 2020-08-07 |
| Genre | : |
| ISBN | : 9781513553009 |
The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among others. It points out that structural, as well as policy-related, factors, such as encouraging banking competition or channeling government payments through bank accounts, play an important role, and describes the potential macro and microeconomic benefits that can be derived from greater financial inclusion. It argues that policy should aim to identify and reduce frictions holding back financial inclusion, rather than targeting specific levels of inclusion. Finally, it suggests areas for future research.
