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Growth effects of financial market instruments : the Ghanaian experience

Mesagan, Ekundayo P.; Ogbuji, Isaac A.; Alimi, Yasiru O.; … - 2019

bounds testing approach to analyse data on real GDP per capita, monetary policy rate, treasury bill rate, stocks traded, bank … growth in Ghana. We recommend that the bank of Ghana should consider lowering the bank rate further from the current annual … rate of 16.0% to enhance bank credits, boosts domestic investment, and improve growth in the long-run. …

Persistent link: https://www.econbiz.de/10012137631

The effect of enterprise and household credit on economic growth and real exchange rate dynamics : evidence from SEE countries

Angjelkovska, Tijana; Hani, Egzona; Eliskovski, Milan - Narodna Banka na Republika Makedonija - 2016

decomposing bank credit into households and enterprises so that we can assess their effects on both, the economic growth and REER …

Persistent link: https://www.econbiz.de/10011620078

Creditless recovery in Eastern Europe

Olteanu, Dan - 2014

This paper aims to investigate the presence of a creditless economic recovery in Eastern Europe, after de 2008-2009 output collapse. To this end, we use three variables: credit stock, credit flow and money supply M1. We find that the changes in the credit flow, as percentage of GDP, are the most...

Persistent link: https://www.econbiz.de/10010529024

Does low inflation pose a risk to economic growth and central banks reputation?

Dąbrowski, Marek - 2020

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the reputation of central banks. Thus, central banks should not...

Persistent link: https://www.econbiz.de/10012230450

Theory and evidence on the finance-growth relationship : the virtuous and unvirtuous cycles

Lauretta, Eliana; Chaudhry, Sajid M.; Mullineux, Andrew W. - 2016

Since the 1980s, financial crises have tended to reoccur with increasing frequency and growing intensity. They are endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance fosters the correct allocation of financial...

Persistent link: https://www.econbiz.de/10012010378

Economic recovery and inflation : this policy contribution was prepared for the Committee on Economic and Monetary Affairs of the European Parliament (ECON) as an input for the Mon...

Dąbrowski, Marek - 2018

In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....

Persistent link: https://www.econbiz.de/10011852813

Seven replies to the critiques of Modern Money Theory

Tymoigne, Éric - 2021

fiscal deficits or that the relation between the central bank and the treasury ought to be radically changed to allow direct … direct financing of the treasury by the central bank; others have not but have developed equivalent ways to coordinate their …

Persistent link: https://www.econbiz.de/10012795769

Goldilocks : American precious metals and the rise of the west

Chen, Yao; Palma, Nuno; Ward, Felix - 2022

We estimate the contribution of the American precious metal windfall to West Europe's growth performance in the early modern period. The exogenous nature of American money arrivals allows for identification of monetary effects. We find that more than half of West Europe's growth can be...

Persistent link: https://www.econbiz.de/10013375305

Remittance inflows, institutional quality, and economic growth in Nepal

Panthi, Pradeep; Devkota, Jeevanath - 2023

This study examines the impact of remittance inflows on the economic growth of Nepal using annual time series data spanning from 1993 to 2020. Moreover, it investigates the moderating role of institutional quality in this relationship. The analysis adopts the bound test approach of the...

Persistent link: https://www.econbiz.de/10014445529

Financial crisis, economic recovery, and banking development in Russia, and other FSU countries

Huang, Haizhou; Marin, Dalia; Xu, Chenggang - 2004

bank to nonbank finance, including trade credits and barter trade, generating an externality on banks' interest rates. The …

Persistent link: https://www.econbiz.de/10010371086

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