Financial Fragility And Economic Performance In Developing Economies PDF Download
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| Author | : Mr.Marco Rossi |
| Publisher | : International Monetary Fund |
| Total Pages | : 33 |
| Release | : 1999-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1451848773 |
Download Financial Fragility and Economic Performance in Developing Economies Book in PDF, ePub and Kindle
Little empirical investigation exists of the links among capital account liberalization, prudential regulation and supervision, financial crises, and economic development, mainly because of the lack of comparable measures to describe regulatory practices for different countries. This paper examines empirically, albeit in a preliminary manner, these links using new measures of capital controls, prudential regulation, supervision, and depositors’ safety for a sample of 15 developing economies over the period 1990–97. Results confirm the importance of the degree of capital account convertibility and the regulatory and supervisory framework in affecting financial fragility and economic performance.
| Author | : Sunanda Sen |
| Publisher | : Springer |
| Total Pages | : 273 |
| Release | : 2016-07-27 |
| Genre | : Business & Economics |
| ISBN | : 1349138010 |
Download Financial Fragility, Debt and Economic Reforms Book in PDF, ePub and Kindle
The present volume articulates a state of concern with the destabilising and the growth retarding effects of current world finance relations. Emphasis laid in this volume on finance is justified, not only in terms of its dominance over real activities in the world economy but also with its influence on the pace of economic reforms in the debt-ridden countries. A large number of essays in this volume deals with the recent pattern of capital flows in the world economy. The latter has been of a high priority in the agenda for research in economics in recent times, especially with tendencies for financial fragility in the major financial markets and the enforcing of the structural adjustment programmes in the developing countries as a part of loan conditionalities. The volume provides a rich analysis of contemporary international finance relations, with individual chapters contributed by reputed economists who have made significant contributions to the literature.
| 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 | : Yasushi Suzuki |
| Publisher | : Routledge |
| Total Pages | : 284 |
| Release | : 2017-03-31 |
| Genre | : Business & Economics |
| ISBN | : 1317192362 |
Download Banking and Economic Rent in Asia Book in PDF, ePub and Kindle
A stable and sound financial system plays a critical role in mediating funds from surplus units to investors, making it a prerequisite for economic development. Financial intermediaries have been vulnerable to adverse changes in the local and global economy and experienced frequent bubble-and-bust episodes historically. Analyses of financial crises reveal that the incentive created by neo-liberal financial principles is inconsistent with stable financial systems, and viable solutions require structuring institutions in a way that incentives are well aligned with the fundamental principles of financial systems. By drawing on the theoretical framework of the financial restraint model, this book analyses financial sectors’ rents or bank rents and their effects on banks’ performance and stability, and presents evidence on the relationship between rent and incentive through case studies of both developed and developing countries.
| Author | : Ben Bernanke |
| Publisher | : |
| Total Pages | : 42 |
| Release | : 1987 |
| Genre | : Capital market |
| ISBN | : |
Download Financial Fragility and Economic Performance Book in PDF, ePub and Kindle
Applied macroeconomists (e.g., Eckstein and Sinai (1986)) have stressed the role of financial variables, such as firm balance sheet positions, in the determination of investment spending and output. Our paper presents a formal analysis of this link. We develop a model of the process of investment finance in which there is asymmetric information between borrowers and lenders about the quality of investment projects and about the borrower's effort. In this model, the cost of external investment finance under the optimal contract is higher, the worse the borrower's balance sheet position (i.e., the lower his net worth). In general equilibrium, the lower is borrower net worth, the further the number of projects initiated and the average quality of undertaken projects will be from the unconstrained first-best. We characterize a "financially fragile" situation as one in which balance sheets are so weak that the economy experiences substantial underinvestment, misallocation of investment resources, and possibly even a complete investment collapse. Our policy analysis suggests that, under some circumstances, government "bailouts" of insolvent debtors may be a reasonable alternative in periods of extreme financial fragility.
| Author | : James M. Boughton |
| Publisher | : OUP Oxford |
| Total Pages | : 336 |
| Release | : 2009-06-25 |
| Genre | : Business & Economics |
| ISBN | : 0191553662 |
Download Finance, Development, and the IMF Book in PDF, ePub and Kindle
This book provides an assessment of the role of the International Monetary Fund in poor countries. In recent years, a large portion of the work of the IMF has focused on the economies of low-income countries by aiming to create conditions conducive to poverty reduction and stable economic growth. More than two fifths of the IMF's 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reduction of poverty are the most important economic challenges that these countries face, how can the IMF best help them? How can the imperative of macroeconomic and financial stability be reconciled with the requirements for sustained economic growth? This volume brings together the research of leading economists, political scientists, and historians to suggest ways for the IMF to address these issues effectively
| Author | : James M. Boughton |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 330 |
| Release | : 2009-06-25 |
| Genre | : Business & Economics |
| ISBN | : 019923986X |
Download Finance, Development, and the IMF Book in PDF, ePub and Kindle
This book seeks to provide objective analysis of the role and effectiveness of multilaterals in general and the IMF and World Bank in particular. The IMF is a multilateral financial institution with a mandate to promote financial and macroeconomic stability, cooperative economic policies, and a balanced growth of international trade. More than two fifths of its 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reduction of poverty are the most important economic challenges that these countries face, how can the IMF best help them? How can the imperative of macroeconomic and financial stability be reconciled with the requirements for sustained economic growth? This volume brings together the research of leading economists, political scientists, and historians to suggest ways for the IMF to address these issues effectively.
| Author | : Mr.Martin Cihak |
| Publisher | : International Monetary Fund |
| Total Pages | : 50 |
| Release | : 2020-01-17 |
| Genre | : Business & Economics |
| ISBN | : 1513526545 |
Download Finance and Inequality Book in PDF, ePub and Kindle
The study examines empirical relationships between income inequality and three features of finance: depth (financial sector size relative to the economy), inclusion (access to and use of financial services by individuals and firms), and stability (absence of financial distress). Using new data covering a wide range of countries, the analysis finds that the financial sector can play a role in reducing inequality, complementing redistributive fiscal policy. By expanding the provision of financial services to low-income households and small businesses, it can serve as a powerful lever in helping create a more inclusive society but—if not well managed—it can amplify inequalities.
| 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 | : 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.
