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Market Phoenixes and Banking Ducks Are Recoveries Faster in Market-Based Financial Systems?

Allard, Julien - 2011

Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in particular the more bank-based economies of continental...

Persistent link: https://www.econbiz.de/10014398329

Revisiting the link between finance and macroeconomic volatility

Dabla-Norris, Era; Srivisal, Narapong - 2013

This paper examines the impact of financial depth on macroeconomic volatility using a dynamic panel analysis for 110 advanced and developing countries. We find that financial depth plays a significant role in dampening the volatility of output, consumption, and investment growth, but only up to...

Persistent link: https://www.econbiz.de/10012671037

Can fintech foster competition in the banking system in Latin America and the Caribbean?

Suchanan Tambunlertchai; Bejar, Pablo; Ishi, Kotaro; … - 2021

This paper revisits the competitive environment of the banking system in Latin America and the Caribbean (LAC) and investigates the early impact of fintech development in the region thus far. Against the backdrop of high net interest margins (NIMs) and limited financial depth in the region,...

Persistent link: https://www.econbiz.de/10012605062

Financial Sector Evolution in the Central European Economies : Challenges in Supporting Macroeconomic Stability and Sustainable Growth

Wagner, Nancy L. - 2001

This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...

Persistent link: https://www.econbiz.de/10014399949

Financial System Standards and Financial Stability : The Case of Basel Core Principles

Marston, David - 2001

The relationship between the observance of financial system standards and financial stability is complex owing to the multitude of macroeconomic and structural factors affecting stability. Therefore, assessments of standards in terms of technical criteria for compliance needs to be reinforced...

Persistent link: https://www.econbiz.de/10014400104

Cooperative Banks and Financial Stability

Cihák, Martin - 2007

Cooperative banks are an important, and growing, part of many financial systems. This paper empirically analyzes the role of cooperative banks in financial stability. Contrary to some suggestions in the literature, we find that cooperative banks are more stable than commercial banks. This...

Persistent link: https://www.econbiz.de/10014400786

China's productivity convergence and growth potential : a stocktaking and sectoral approach

Zhu, Min; Zhang, Longmei; Peng, Daoju - 2019

transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China's convergence progress in … that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural …

Persistent link: https://www.econbiz.de/10012154921

Is military spending converging across countries? : an examination of trends and key determinants

Clements, Benedict J.; Gupta, Sanjeev; Khamidova, Saida - 2019

This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group, responsible for 90 percent of worldwide spending, outlays have remained...

Persistent link: https://www.econbiz.de/10012103746

Fintech in Latin America and the Caribbean : stocktaking

Berkmen, P.; Beaton, Kimberly; Gershenson, Dmitriy; … - 2019

In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially...

Persistent link: https://www.econbiz.de/10012009989

South Africa : the financial sector-sovereign nexus

Hesse, Heiko; Miyajima, Ken - 2022

Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the...

Persistent link: https://www.econbiz.de/10013170007