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Author : Asl? Demirgüç-Kunt,Ross Levine
Publisher : World Bank Publications
Page : 73 pages
File Size : 47,5 Mb
Release : 1999
Category : Bancos
ISBN : 8210379456XXX
Author : Asl? Demirgüç-Kunt,Vojislav Maksimovi?
Publisher : World Bank Publications
Page : 40 pages
File Size : 41,5 Mb
Release : 2000
Category : Bancos
ISBN : 8210379456XXX
How the relative development of a country's stock market and banking system affects firms' growth is closely tied to how well developed the country's contracting environment is. How differences in the contracting environment affect the relative development of the stock market or banking system may have implications for which firms and which projects get financing.
Author : Mr.Julien Allard,Mr.Rodolphe Blavy
Publisher : International Monetary Fund
Page : 28 pages
File Size : 41,8 Mb
Release : 2011-09-01
Category : Business & Economics
ISBN : 9781463902292
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 Europe). Further, stronger recoveries also tend to be associated with broader economic flexibility. Our findings suggest that dealing with bank sector vulnerabilities is paramount to support the recovery. In the medium term, structural policies to deepen financial markets are useful, but need to be complemented with structural measures to address rigidities more broadly in the real economy.
Author : Franklin Allen,Douglas Gale
Publisher : MIT Press
Page : 524 pages
File Size : 43,6 Mb
Release : 2000
Category : Business & Economics
ISBN : 0262011778
Why do different countries have such different financial systems? Is one system better than the other? This text argues that the view that market-based systems are best is simplistic, and suggests that a more nuanced approach is necessary.
Author : Iain Hardie,David Howarth
Publisher : Oxford University Press
Page : 285 pages
File Size : 52,7 Mb
Release : 2013-08-29
Category : Business & Economics
ISBN : 9780199662289
This edited volume offers a study of national banking systems and explains how banking developed in the years preceding the international financial crisis that erupted in 2007. Its analysis of market-based banking shows the impact of the financial crisis in eleven developed economies, including all of the G7 economies.
Author : Peter A. Hall,David W. Soskice
Publisher : Oxford University Press
Page : 557 pages
File Size : 47,5 Mb
Release : 2001
Category : Business & Economics
ISBN : 9780199247745
Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Author : Asli Demirgüç-Kunt
Publisher : Unknown
Page : 72 pages
File Size : 49,8 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290706061
Financial systems tend to ...
Author : Tobias Adrian,Bradley Jones
Publisher : International Monetary Fund
Page : 47 pages
File Size : 47,8 Mb
Release : 2018-08-01
Category : Business & Economics
ISBN : 9781484343883
Variants of nonbank credit intermediation differ greatly. We provide a conceptual framework to help distinguish various characteristics—structural features, economic motivations, and risk implications—associated with different forms of nonbank credit intermediation. Anchored by this framework, we take stock of the evolution of shadow banking and the extent of its transformation into market-based finance since the global financial crisis. In light of the substantial regulatory and supervisory responses of recent years, we highlight key areas of progress while drawing attention to elements where work still needs to be done. Case studies of policy challenges arising in different jurisdictions are also discussed. While many of the amplification forces that were at play during the global financial crisis have diminished, the post-crisis reform agenda is not yet complete, and policy makers must remain attentive to new challenges looming on the horizon.
Author : Asl? Demirgüç-Kunt,Harry Huizinga
Publisher : World Bank Publications
Page : 30 pages
File Size : 41,9 Mb
Release : 2000
Category : Bank profits
ISBN : 8210379456XXX
Countries differ in the extent to which their financial systems are bank-based or market-based. The financial systems of Germany and Japan, for example, are considered bank-based because banks play a leading role in mobilizing savings, allocating capital, overseeing investment decisions of corporate managers, and providing risk management vehicles. The systems of the United States, and the United Kingdom are considered more market-based. Using bank-level data for a large number of industrial and developing countries, the authors present evidence about the impact of financial development, and structure on bank performance. They measure the relative importance of bank or market finance by the relative size of stock aggregates, by relative trading or transaction volumes, and by indicators of relative efficiency. They show that in developing countries, both banks and stock markets are less developed, but financial systems tend to be more bank-based. The richer the country, the more active are all financial intermediaries. The greater the development of a country's banks, the tougher is the competition, the greater is the efficiency, and the lower are the bank margins, and profits. The more under-developed the stock market, the greater are the bank profits. But financial structure per se does not have a significant, independent influence on bank margins, and profits.
Author : Aslı Demirgüç-Kunt,Ross Levine
Publisher : MIT Press
Page : 452 pages
File Size : 49,9 Mb
Release : 2001
Category : Business & Economics
ISBN : 0262541793
CD-ROM contains: World Bank data.
Author : Vojislav Maksimovic
Publisher : Unknown
Page : 36 pages
File Size : 43,8 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290704779
How the relative development of a country's stock market and banking system affects firms' growth is closely tied to how well developed the country`s contracting environment is. How differences in the contracting environment affect the relative development of the stock market or banking system may have implications for which firms and which projects get financing.Demirguc-Kunt and Maksimovic investigate whether firms' access to external financing to fund growth differs between market-based and bank-based financial systems.Using firm-level data for 40 countries, they compute the proportion of firms in each country that relies on external finance and examine how that proportion differs across financial systems. They find that the development of a country's legal system predicts access to external finance and that stock markets and the banking system have different effects on access to external markets. The development of securities markets is related more to the availability of long-term financing, whereas the development of the banking sector is related more to the availability of short-term financing.They find no evidence, however, that firms' access to external financing is predicted by an index of the development of stock markets relative to the development of the banking system.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to study financial structure and development. The study was funded by the Bank's Research Support Budget under the research project Financial Structure and Economic Development (RPO 682-41). The author may be contacted at [email protected].
Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 85 pages
File Size : 50,8 Mb
Release : 2019-06-24
Category : Business & Economics
ISBN : 9781498321112
This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.
Author : Ross Levine
Publisher : Unknown
Page : 45 pages
File Size : 42,9 Mb
Release : 2002
Category : Electronic
ISBN : UOMDLP:b2062070:0001.001
Author : Tobias Adrian
Publisher : DIANE Publishing
Page : 35 pages
File Size : 51,9 Mb
Release : 2011
Category : Business & Economics
ISBN : 9781437930900
This is a print on demand edition of a hard to find publication. The financial crisis of 2007-09 highlighted the changing role of financial institutions and the growing importance of the ¿shadow banking system,¿ which grew out of the securitization of assets and the integration of banking with capital market developments. In a market-based financial system, banking and capital market developments are inseparable, and funding conditions are tied closely to fluctuations in the leverage of market-based financial intermediaries. This report describes the changing nature of financial intermediation in the market-based financial system, charts the course of the recent financial crisis, and outlines the policy responses that have been implemented by the Fed. Reserve and other central banks. Charts and tables.
Author : Robert E. Litan,Paul R. Masson,Michael Pomerleano
Publisher : Rowman & Littlefield
Page : 452 pages
File Size : 54,8 Mb
Release : 2004-05-13
Category : Business & Economics
ISBN : 081579813X
A Brookings Institution Press, the World Bank, and the International Monetary Fund publication The extensive reforms and liberalization of financial services in emerging markets worldwide call for cutting-edge strategies to capture the benefits of new investment opportunities. In Open Doors, a volume of papers from the third annual Financial Markets and Development conference, multidisciplinary financial sector experts analyze current economic and political trends and prescribe practical advice to the financial development community. The book addresses the key issues of concern regarding the emerging markets, including the trends, motivations, and scope of FDI in finance; policy options that will best capture the opportunities of foreign entry; and the role of foreign institutions in e-finance innovation. The authors focus on specific topics such as foreign participation in emerging market banking systems and securities industries, WTO policies and enforcement, the role of foreign banks, liberalization of insurance markets, the need for capital markets, and the policy, regulatory, and legal issues associated with e-finance. For policymakers and financial practitioners affected by the WTO's Financial Services Agreement, this timely book should be of particular interest. Contributors include Donald Mathieson (International Money Fund), Pierre Sauvé (Trade Directorate, OECD), George J. Vojta (formerly with Bankers Trust and Citibank), Harold D. Skipper (J. Mack Robinson College of Business, Georgia State University), Benn Steil (Council on Foreign Relations), Morris Goldstein and Edward M. Graham (Institute for International Economics), Nicolas Lardy (Brookings Institution), Phillip Turner (Bank of International Settlements), and Robert Ledig (Fried, Frank, Shriver & Jacobson).
