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Financing the capital development of the economy: A Keynes-Schumpeter-Minsky synthesis
Mazzucato, Mariana; Wray, Larry Randall - 2015
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular … emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital … the United States. To a large degree, this was because finance, instead of financing the capital development of the …
Persistent link: https://www.econbiz.de/10011545297
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Bundling Governance: Finance versus Institutions in Private Investment Promotion
Asongu, Simplice; Batuo, Enowbi; Tchamyou, Vanessa - 2015
Purpose – The study extends the debate on finance versus institutions in the promotion of investment documented by … finance and governance as substitutes in their impact on investment implies that good governance fuels private investment and … issues on the other hand. Originality/value – The paper extends the debate on the substitution of finance and institutions in …
Persistent link: https://www.econbiz.de/10011596324
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Inequality, Finance and Pro-Poor Investment in Africa
Asongu, Simplice; Tchamyou, Vanessa - 2015
This study complements existing literature by investigating how investment-driven finance affects inequality in Africa …
Persistent link: https://www.econbiz.de/10011596325
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Dynamic effect of a change in the exchange rate system: From a fixed regime to a basket-peg or a floating regime
Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2015
This paper theoretically evaluates the dynamic effects of a shift in an exchange rate system from a fixed regime to a basket peg, or to a floating regime, and obtains transition paths for the shift based on a dynamic stochastic general equilibrium model of a small open economy. We apply...
Persistent link: https://www.econbiz.de/10011311015
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Productivity, Exporting and Financial Constraints of Chinese SMEs
Van Biesebroeck, Johannes - 2014
to expand output and exploit all scale economies that the production technology allows. With access to finance problems …
Persistent link: https://www.econbiz.de/10011314142
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Types of banking institutions and economic growth: An endogenous growth model
Elmawazini, Khaled; Khiyar, Khiyar Abdalla; Al Galfy, Ahmad - 2015
There is mixed support for the hypothesis that the banking sector is a channel for economic growth. While most studies on economic growth in Gulf Cooperation Council (GCC) countries have not distinguished between conventional banks and Islamic banks, this study contributes to the empirical...
Persistent link: https://www.econbiz.de/10011327916
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Financing the capital development of the economy: A Keynes-Schumpeter-Minsky synthesis
Mazzucato, Mariana; Wray, L. Randall - 2015
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular … emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital … the United States. To a large degree, this was because finance, instead of financing the capital development of the …
Persistent link: https://www.econbiz.de/10011335945
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Did scarce global savings finance the US real estate bubble? The "Global Saving Glut" thesis from a stock flow consistent perspective
Lindner, Fabian - 2015
finance the US real estate boom. Using simple accounting rules, the article shows however that credit is never limited by … of payment - which only the US can produce - Americans give credit to themselves to finance their current account …
Persistent link: https://www.econbiz.de/10011372379
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New financial intermediary development indicators for developing countries
Asongu, Simplice A. - 2011
Financial development indicators are often applied to countries/regions without taking into account specific financial development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development context. This paper introduces complementary...
Persistent link: https://www.econbiz.de/10011390768
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Law and Finance in Africa
Asongu, Simplice A. - 2011
This paper assesses how legal origin influences financial development through regulation quality and the rule of law. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law channels are instrumented with legal origins to account...
Persistent link: https://www.econbiz.de/10011390772