Financial Development Financial Fragility And Growth PDF Download
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| Author | : Norman Loayza |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 2005-08 |
| Genre | : Business & Economics |
| ISBN | : |
Download Financial Development, Financial Fragility, and Growth Book in PDF, ePub and Kindle
This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit and liquid liabilities. On the other hand, the banking and currency crisis literature finds that monetary aggregates, such as domestic credit, are among the best predictors of crises and their related economic downturns. This paper accounts for these contrasting effects based on the distinction between the short- and long-run effects of financial intermediation.
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2002 |
| Genre | : |
| ISBN | : |
Download Financial Development, Financial Fragility & Growth Book in PDF, ePub and Kindle
| Author | : Thorsten Beck |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 615 |
| Release | : 2018-07-27 |
| Genre | : Business & Economics |
| ISBN | : 1785360515 |
Download Handbook of Finance and Development Book in PDF, ePub and Kindle
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.
| Author | : Romain Gilles Ranciere |
| Publisher | : |
| Total Pages | : 236 |
| Release | : 2003 |
| Genre | : |
| ISBN | : |
Download Essays on Financial Development, Financial Fragility and Growth Book in PDF, ePub and Kindle
| Author | : C. Goodhart |
| Publisher | : Springer |
| Total Pages | : 248 |
| Release | : 2004-06-13 |
| Genre | : Business & Economics |
| ISBN | : 0230374271 |
Download Financial Development and Economic Growth Book in PDF, ePub and Kindle
The most successful economies have the best working financial markets. While causation obviously runs in both directions, current research has increasingly emphasized the role of finance in promoting growth. Here seven leading financial economists explore the links between financial development and growth. The book seeks to answer the question of the role of finance in promoting sustainable growth and in the reduction of poverty, for example via micro-financial institutions.
| Author | : Asli Demirgüç-Kunt |
| Publisher | : World Bank Publications |
| Total Pages | : 53 |
| Release | : 1998-06-01 |
| Genre | : Bancos |
| ISBN | : |
Download Financial Liberalization and Financial Fragility Book in PDF, ePub and Kindle
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. the data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper’s results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved.
| Author | : Niels Hermes |
| Publisher | : Routledge |
| Total Pages | : 381 |
| Release | : 2013-04-15 |
| Genre | : Business & Economics |
| ISBN | : 1135635447 |
Download Financial Development and Economic Growth Book in PDF, ePub and Kindle
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.
| Author | : Mr.Pablo Emilio Guidotti |
| Publisher | : International Monetary Fund |
| Total Pages | : 38 |
| Release | : 1992-12-01 |
| Genre | : Business & Economics |
| ISBN | : 1451852452 |
Download Financial Development and Economic Growth Book in PDF, ePub and Kindle
This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of GDP. We find that this proxy enters significantly and with a positive sign in growth regressions on a large cross–country sample, but with a negative sign using panel data for Latin America. Our findings suggest that the main channel of transmission from financial development to growth is the efficiency of investment, rather than its volume. We also present a model where the negative correlation between financial intermediation and growth results from financial liberalization in a poor regulatory environment.
| Author | : Ross Levine |
| Publisher | : |
| Total Pages | : 130 |
| Release | : 2004 |
| Genre | : Economic development |
| ISBN | : |
Download Finance and Growth Book in PDF, ePub and Kindle
"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
| Author | : |
| Publisher | : World Bank Publications |
| Total Pages | : 28 |
| Release | : |
| Genre | : |
| ISBN | : |
Download Financial Development and Growth in the Short- and Long-Run Book in PDF, ePub and Kindle
