Financial Development and Economic Growth

Financial Development and Economic Growth
Author: Niels Hermes
Publisher: Routledge
Total Pages: 381
Release: 2013-04-15
Genre: Business & Economics
ISBN: 1135635447

This collection brings together a collection of theoretical and empirical findings on aspects of financial development and economic growth in developing countries. The book is divided into two parts: the first identifies and analyses the major theoretical issues using examples from developing countries to illustrate how these work in practice; the second part looks at the implications for financial policy in developing countries.

Economic Growth and Financial Development

Economic Growth and Financial Development
Author: Muhammad Shahbaz
Publisher: Springer Nature
Total Pages: 245
Release: 2021-09-21
Genre: Business & Economics
ISBN: 3030790037

This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.

Financial Development and Economic Growth in Malaysia

Financial Development and Economic Growth in Malaysia
Author: James B. Ang
Publisher: Routledge
Total Pages: 214
Release: 2008-11-25
Genre: Business & Economics
ISBN: 113403511X

This book sheds new light on the evolutionary role of financial system and the interacting mechanisms between financial development and economic growth in the context of Malaysia.

Handbook of Finance and Development

Handbook of Finance and Development
Author: Thorsten Beck
Publisher: Edward Elgar Publishing
Total Pages: 615
Release: 2018-07-27
Genre: Business & Economics
ISBN: 1785360515

This Handbook provides a comprehensive overview of the relationship between financial and real sector development. The different chapters, written by leading contributors in the field, survey research on the importance of financial development for economic growth, the causes and consequences of financial fragility, the historic development of financial systems in several major economies and regions of the world, and the regulatory and supervisory underpinnings of financial sector development.

Understanding Long-Run Economic Growth

Understanding Long-Run Economic Growth
Author: Dora L. Costa
Publisher: University of Chicago Press
Total Pages: 400
Release: 2011-10
Genre: Business & Economics
ISBN: 0226116344

The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.

Financial Dependence, Banking Sector Competition, and Economic Growth

Financial Dependence, Banking Sector Competition, and Economic Growth
Author: Stijn Claessens
Publisher: World Bank Publications
Total Pages: 49
Release: 2005
Genre: Banks and banking
ISBN:

"The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization theory. They then relate this competition measure to growth of industries and find that greater competition in countries' banking systems allows financially dependent industries to grow faster. These results are robust under a variety of tests. The results suggest that the degree of competition is an important aspect of financial sector funding. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to study competition in banking"--World Bank web site.

Political Institutions and Financial Development

Political Institutions and Financial Development
Author: Stephen H. Haber
Publisher: Stanford University Press
Total Pages: 330
Release: 2008
Genre: Business & Economics
ISBN: 9780804756921

The essays in this volume employ the insights and techniques of political science, economics and history to provide a fresh answer to this question.

Financial Systems and Economic Growth

Financial Systems and Economic Growth
Author: Peter L. Rousseau
Publisher: Cambridge University Press
Total Pages: 309
Release: 2017-09
Genre: Business & Economics
ISBN: 1107141095

This volume presents essays that take a historical look at aspects of the finance-growth nexus.

Too Much Finance?

Too Much Finance?
Author: Mr.Jean-Louis Arcand
Publisher: International Monetary Fund
Total Pages: 50
Release: 2012-06-01
Genre: Business & Economics
ISBN: 1475526105

This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a negative effect on output growth when credit to the private sector reaches 100% of GDP. We show that our results are consistent with the "vanishing effect" of financial development and that they are not driven by output volatility, banking crises, low institutional quality, or by differences in bank regulation and supervision.