Institutional Factors And Financial Sector Development PDF Download
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Author | : George C. Anayiotos |
Publisher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2009-11-01 |
Genre | : Business & Economics |
ISBN | : 1451874049 |
Download Institutional Factors and Financial Sector Development Book in PDF, ePub and Kindle
The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more critical role in each country. Results suggest that institutional factors affect financial depth and access to financial services more than asset quality and profitability (measured by nonperforming loans (NPL) and return on equity (ROE). The results also suggest that depth of credit information has the strongest influence on the NPL ratio, and political stability affects access the most. Based on model findings, policy implications on prioritizing institutional reforms to enhance financial sector development are suggested for individual countries and for country groups.
Author | : Stephen H. Haber |
Publisher | : Stanford University Press |
Total Pages | : 330 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 9780804756921 |
Download Political Institutions and Financial Development Book in PDF, ePub and Kindle
The essays in this volume employ the insights and techniques of political science, economics and history to provide a fresh answer to this question.
Author | : Mr.Adolfo Barajas |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 2013-03-28 |
Genre | : Business & Economics |
ISBN | : 1484320824 |
Download Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe Book in PDF, ePub and Kindle
This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and macroeconomic factors that impact financial system deepening. We operationalize this framework using a benchmarking exercise, which relates the difference between the actual level of financial development and the level predicted by structural characteristics, to an array of policy variables. We also show that an overshooting of the financial system significantly beyond levels predicted by its structural fundamentals is associated with credit booms and busts.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 24 |
Release | : 2021-03-12 |
Genre | : Business & Economics |
ISBN | : 1513572652 |
Download Managing the Impact of Resource Booms on the Real Effective Exchange Rate: The Role of Financial Sector Development Book in PDF, ePub and Kindle
Whereas most of the literature related to the so-called “resource curse” tends to emphasize on institutional factors and public policies, in this research we focus on the role of the financial sector, which has been surprisingly overlooked. We find that countries that have financial systems with more depth, as well as those that actively manage their central banks’ balance sheets experience less exchange-rate appreciation than countries that do not. We analyze the relationship between these two findings and suggest that they appear to follow separate mechanisms.
Author | : Manuela Francisco |
Publisher | : World Bank Publications |
Total Pages | : 38 |
Release | : 2008 |
Genre | : Access to Finance |
ISBN | : |
Download Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions Book in PDF, ePub and Kindle
Abstract: This paper develops and tests a proposed methodology that puts forward a new integrated method for evaluating the performance of development finance institutions. This methodology applies assessment criteria that take into account both the social objective that the development finance institution addresses and the subsidies it received in order to achieve such an objective. This methodology is applied to two pilot case studies-Banadesa (Honduras) and Banrural (Guatemala). The authors calculate the previously tested subsidy dependence index, which measures the degree of an institution's subsidy dependence. The paper develops and estimates a new measure-the output index- which indicates the level to which the institution fulfills the social objectives of the state. The analysis integrates the subsidy dependence index and the output index to assess the effectiveness associated with meeting the social objective. The findings suggest that the integration of the two indexes can constitute the basis of a meaningful evaluation framework for the performance of development finance institutions. This new methodology can also be a useful metric for policy makers who are seeking to decide on an optimal allocation of scarce funds for development finance institutions that pursue social goals and for management that seeks improved performance outcomes.
Author | : Takatoshi Ito |
Publisher | : University of Chicago Press |
Total Pages | : 402 |
Release | : 2009-05-15 |
Genre | : Business & Economics |
ISBN | : 0226386864 |
Download Financial Sector Development in the Pacific Rim Book in PDF, ePub and Kindle
The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. Financial Sector Development in the Pacific Rim provides a rich collection of theoretical and empirical analyses of the growing capital markets in the region. Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform. Financial Sector Development in the Pacific Rim offers the comparative analysis necessary to answer broad questions about economic development and the future of Asia.
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 | : Fatima Muhammad Abdulkarim |
Publisher | : Walter de Gruyter GmbH & Co KG |
Total Pages | : 127 |
Release | : 2019-11-18 |
Genre | : Business & Economics |
ISBN | : 3110600935 |
Download Financialization of the economy and income inequality in selected OIC and OECD countries Book in PDF, ePub and Kindle
Income inequality is a serious problem confronting not only the developed world but also developing countries. Recently, financialization has been one of the culprits identified in literature as one of the cause of income inequality. This book offers the only detailed presentation of the how financialization aided the spread of income inequality in Organization of Islamic Cooperation, OIC countries. Finance has taking a center stage in the affairs of most developing economies, surpassing the real sector of the economy. The result is the creation of an indebted society in which people are comfortable with financing their financial needs through credit. This creates a debt laden society that is trapped in the cycle of debt. This book represents a comprehensive and indispensable source for students, practitioners and the general public at large. It presents data which shows the buildup of debt and the rising income inequality in Muslim countries. It includes discussion of the rise in rentier income, financialization of everyday life, decline in physical capital accumulation and deregulation of the financial sector. The book therefore, proffers solutions on how Muslim countries can come out of the present economic problem facing them. The promotion and adoption of Islamic principles, which promotes risk sharing based contracts as against debt based transaction is the way to go. When financial contracts are based on the principles of risk sharing, any gains from economic activities get to be shared equitably. Hence, not only capital owners get to enjoy the benefit from the income derived from investments, but rather, all parties that partake in the contract. Distinguished by its clarity and readability as it is written in a very easy to understand language, it is an important reference work for any concerned individual interested on the recent causes of income inequality in Muslim World.
Author | : Adrian Alter |
Publisher | : International Monetary Fund |
Total Pages | : 31 |
Release | : 2015-11-09 |
Genre | : Business & Economics |
ISBN | : 1513570188 |
Download Financial Inclusion and Development in the CEMAC Book in PDF, ePub and Kindle
This paper examines financial inclusion and development in the CEMAC. We explore the level of financial inclusion in the CEMAC through a benchmarking exercise.We construct a measure of financial development gap and analyze its determinants. Using panel data regressions, we find that inflation, income, and natural resources explain most of the financial development level but that better financial sector governance and stronger economic governance are positively associated with financial sector development. Richer and poorer countries can be equally far from their expected financial development levels. Finally, we use a benchmarking exercise to identify countries that have successfully reduced the financial development gap and propose policy measures that CEMAC countries could use to boost financial inclusion.
Author | : James Atta Peprah |
Publisher | : Springer Nature |
Total Pages | : 321 |
Release | : 2023-01-20 |
Genre | : Business & Economics |
ISBN | : 3031093453 |
Download Financial Sector Development in Ghana Book in PDF, ePub and Kindle
This book investigates factors that contribute to the development of an efficient financial sector in Ghana. While sustainable finance has long been known to propel economic growth and development, and while many African countries have taken initiatives to develop integrated frameworks of their financial sectors that tackle developmental challenges, scholars and policymakers have always grappled with understanding of factors that enhance performance of the financial sector. In this book, an expert team of authors examines the financial landscape, central bank policies, competition, financial innovation, financial inclusion and banking stability in Ghana, while also exploring how financing models such as enterprise finance and microfinance can be more effective in sustaining financial markets. The authors discuss how Ghana can build fortified institutions, regulatory frameworks, and productive capacity to strengthen the financial sector and foster pathways that will enhance economic development. Empirical and scientific evidence give this book a unique approach that is both qualitative and quantitative.