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Financial markets banks and growth: disenttangling the links
Giovannini, Alessandro; Iacopetta, Maurizio; Minetti, Raoul - Sciences économiques, Sciences Po - 2013
The paper reviews the state of the economic literature on the link between _nancial development and growth. We first … growth. Next, we extensively discuss the various channels through which the financial sector can affect growth, including the …
Persistent link: https://www.econbiz.de/10010932906
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Financial markets banks and growth: disenttangling the links
Iacopetta, Maurizio; Giovannini, Alessandro; Minetti, Raoul - Department of Economics, Sciences économiques - 2013
The paper reviews the state of the economic literature on the link between _nancial development and growth. We first … growth. Next, we extensively discuss the various channels through which the financial sector can affect growth, including the …
Persistent link: https://www.econbiz.de/10010757925
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Bankruptcy Codes and Innovation
Acharya, Viral V; Subramanian, Krishnamurthy - C.E.P.R. Discussion Papers - 2007
Do legal institutions governing financial contracts affect the nature of real investments in the economy? We develop a simple model and provide evidence that the answer to this question is yes. We consider a levered firm's choice of investment between innovative and conservative technologies, on...
Persistent link: https://www.econbiz.de/10005136739
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Impact of Financial Development on Exchange Rate Volatility and Long-Run Growth Relationship of Bangladesh
Bristy, Humyra Jabeen - In: International Journal of Economics and Financial Issues 4 (2014) 2, pp. 258-263
Empirical results show that exchange rate volatility has a negative impact on the economic growth of Bangladesh. In … rate volatility and growth relationship. To test this, Ordinary Least Square technique has been used considering the … interaction between financial development and exchange rate volatility. The findings of the study confirm that growth of this …
Persistent link: https://www.econbiz.de/10010764483
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FINANCIAL AND LEGAL CONSTRAINTS TO FIRM GROWTH: THE CASE OF ITALY
Sarno, Domenico - In: Journal of Applied Economic Sciences 3 (2008) 3(5)_Fall2008, pp. 293-305
The aim of this study is to confirm empirically the implications of the theory about the law-financegrowth nexus. In … are referred to Italian provinces. The empirical analysis shows that between firms� growth and financial development … there is a first-order relationship, while between firms� growth and legal enforcement as measured by the efficiency of …
Persistent link: https://www.econbiz.de/10005687859
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The Cost of Banking Regulation
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - Department of Economics, European University Institute - 2007
We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was higher and - contrary to expectations - access to...
Persistent link: https://www.econbiz.de/10005557718
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Growing up to Financial Stability
Bordo, Michael D. - 2007
This lecture revisits the evidence on the incidence and severity of different varieties of financial crises within the context of globalization then (pre-1914) and now (1980 to the present). I then discuss the determinants of emerging market crises from the perspective of the recent balance...
Persistent link: https://www.econbiz.de/10010295241
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Growing up to Financial Stability
Bordo, Michael D. - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-12, pp. 1-17
This lecture revisits the evidence on the incidence and severity of different varieties of financial crises within the context of globalization then (pre-1914) and now (1980 to the present). I then discuss the determinants of emerging market crises from the perspective of the recent balance...
Persistent link: https://www.econbiz.de/10010295310
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10 Years after the Crisis: Thailand's Financial System Reform
Menkhoff, Lukas; Suwanaporn, Chodechai - 2007
This paper uses the framework of long-term financial system development to describe and assess the reform process in Thailand after 1997. The present financial reforms are well in line with the pattern of financial development found in the academic literature. A detailed analysis of capital...
Persistent link: https://www.econbiz.de/10010327274
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Does financial literacy improve financial inclusion? Cross country evidence
Grohmann, Antonia; Klühs, Theres; Menkhoff, Lukas - 2017
While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional...
Persistent link: https://www.econbiz.de/10011719361