Financial Intermediation Investment And Industrial Development

Author : Colin Mayer,Xavier Vives
Publisher : Cambridge University Press
Page : 384 pages
File Size : 48,7 Mb
Release : 1995-09-29
Category : Business & Economics
ISBN : 0521558530

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Capital Markets and Financial Intermediation by Colin Mayer,Xavier Vives Pdf

Financial intermediation is currently a subject of active research on both sides of the Atlantic. The integration of European financial markets, in particular, highlights several important issues. In this volume, derived from a joint CEPR conference with the Fundacion Banco Bilbao Vizcaya (BBV), leading academics from Europe and North America review 'state-of-the-art' theories of banking and financial intermediation and discuss their policy implications. The principal focus is on the risks of increased competition, the appropriate regulation of banks, and the differences between Anglo-American and Continental European forms of financial markets. Relationship banking, stock markets and banks, banking and corporate control, financial intermediation in Eastern Europe, monetary policy and the banking system, and financial intermediation and growth are also discussed.

Author : Z. Mikdashi
Publisher : Springer
Page : 315 pages
File Size : 44,5 Mb
Release : 2001-08-08
Category : Business & Economics
ISBN : 9780230294127

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Financial Intermediation in the 21st Century by Z. Mikdashi Pdf

The increasing interdependence of the world economy has huge implications for global finance in the twenty-first century. This volume brings together leading scholars and practitioners to offer in-depth analyses of the new direction open to the financial services industry. They explore the challenges and opportunities of the new finance era, future development in financial markets, with particular emphasis on the role of new technologies and the industry's view of strengthening financial intermediation. The book concludes with an assessment of key managerial and regulatory issues.

Author : Saghir Ahmad Ansari
Publisher : APH Publishing
Page : 180 pages
File Size : 42,5 Mb
Release : 1998
Category : Business & Economics
ISBN : 8170249570

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Financial Intermediaries and Industrial Development by Saghir Ahmad Ansari Pdf

Author : Philip A. Wellons,Dimitri A. Germidis,Bianca Glavanis,Organisation for Economic Co-operation and Development. Development Centre
Publisher : Development Centre of the Organisation for Economic Co-operation and Development ; Washington, D.C. : OECD Publications and Information Centre
Page : 156 pages
File Size : 40,9 Mb
Release : 1986
Category : Banks and banking
ISBN : UCAL:B4393984

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Banks and Specialised Financial Intermediaries in Development by Philip A. Wellons,Dimitri A. Germidis,Bianca Glavanis,Organisation for Economic Co-operation and Development. Development Centre Pdf

Author : Jahangir Aziz,Christoph Duenwald
Publisher : International Monetary Fund
Page : 22 pages
File Size : 46,5 Mb
Release : 2002-11
Category : Business & Economics
ISBN : UCSD:31822032177099

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Growth-Financial Intermediation Nexus in China by Jahangir Aziz,Christoph Duenwald Pdf

This paper studies the relationship between economic growth and financial development in China during the post-1978 reform period. Recent studies, based on cross-country data, have found a positive association between these two variables. We find that while a positive correlation between growth and financial intermediation exists in China, the association is more apparent than real. The nonstate sector, which contributed most to China's remarkable growth during this period, did not use the domestic financial system in any substantial way for financing. The same appears to be true for the faster-growing provinces. Compared to foreign investment, domestic private credit played a relatively small, although statistically significant, role in financing the nonstate sector and fast-growing provinces.

Author : Donald R. Lessard,John Williamson
Publisher : Unknown
Page : 140 pages
File Size : 54,8 Mb
Release : 1985
Category : Intermediation (Finance).
ISBN : UCSD:31822002954824

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Financial Intermediation Beyond the Debt Crisis by Donald R. Lessard,John Williamson Pdf

Author : OECD
Publisher : OECD Publishing
Page : 424 pages
File Size : 54,5 Mb
Release : 2017-11-06
Category : Electronic
ISBN : 9789264281288

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Understanding Financial Accounts by OECD Pdf

Understanding Financial Accounts seeks to show how a range of questions on financial developments can be answered with the framework of financial accounts and balance sheets, by providing non-technical explanations illustrated with practical examples.

Author : Anjan V. Thakor,Arnoud W. A. Boot
Publisher : Elsevier
Page : 605 pages
File Size : 43,8 Mb
Release : 2008-07-07
Category : Business & Economics
ISBN : 9780080559926

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Handbook of Financial Intermediation and Banking by Anjan V. Thakor,Arnoud W. A. Boot Pdf

The growth of financial intermediation research has yielded a host of questions that have pushed "design" issues to the fore even as the boundary between financial intermediation and corporate finance has blurred. This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future. Original review articles offer valuable perspectives on research issues appearing in top journals Twenty articles are grouped by six major topics, together defining the leading research edge of financial intermediation Corporate finance researchers will find affinities in the tools, methods, and conclusions featured in these articles

Author : Organisation for Economic Co-operation and Development
Publisher : Unknown
Page : 152 pages
File Size : 43,7 Mb
Release : 1968
Category : Finance
ISBN : UOM:39015016727086

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The Financing of Industrial Development by Organisation for Economic Co-operation and Development Pdf

Author : Edward Peter Neufeld
Publisher : Unknown
Page : 680 pages
File Size : 46,9 Mb
Release : 1972
Category : Finance
ISBN : UCAL:B3376816

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The Financial System of Canada by Edward Peter Neufeld Pdf

Author : Charles R. Hulten,Marshall B. Reinsdorf
Publisher : University of Chicago Press
Page : 398 pages
File Size : 45,9 Mb
Release : 2015-02-05
Category : Business & Economics
ISBN : 9780226204260

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Measuring Wealth and Financial Intermediation and Their Links to the Real Economy by Charles R. Hulten,Marshall B. Reinsdorf Pdf

More than half a decade has passed since the bursting of the housing bubble and the collapse of Lehman Brothers. In retrospect, what is surprising is that these events and their consequences came as such a surprise. What was it that prevented most of the world from recognizing the impending crisis and, looking ahead, what needs to be done to prevent something similar? Measuring Wealth and Financial Intermediation and Their Links to the Real Economy identifies measurement problems associated with the financial crisis and improvements in measurement that may prevent future crises, taking account of the dynamism of the financial marketplace in which measures that once worked well become misleading. In addition to advances in measuring financial activity, the contributors also investigate the effects of the crisis on households and nonfinancial businesses. They show that households’ experiences varied greatly and some even experienced gains in wealth, while nonfinancial businesses’ lack of access to credit in the recession may have been a more important factor than the effects of policies stimulating demand.

Author : Diane-Laure Arjaliès,Philip Grant,Iain Hardie,Donald MacKenzie,Ekaterina Svetlova
Publisher : Oxford University Press
Page : 206 pages
File Size : 40,8 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198802945

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Chains of Finance by Diane-Laure Arjaliès,Philip Grant,Iain Hardie,Donald MacKenzie,Ekaterina Svetlova Pdf

Investment management and the investment chain -- Chains of freedom: the investment chain inside the investment management firm -- Fund managers and their investors -- Quantitative asset managers and their chains -- Entangled trading: fund managers and dark pools -- Bringing society back into the investment chain responsible investing during the financial crisis -- Trapped in resistance: collective struggles through the investment chain -- Conclusion -- Appendix A: a brief roster of intermediaries

Author : Vojislav Maksimovic,Asli Demirgüç-Kunt
Publisher : Unknown
Page : 0 pages
File Size : 45,8 Mb
Release : 2005
Category : Electronic
ISBN : OCLC:1375288298

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Financial Constraints, Uses of Funds and Firm Growth by Vojislav Maksimovic,Asli Demirgüç-Kunt Pdf

In this paper we focus on two issues. First, we examine whether firms in a thirty country sample finance long-term and short-term investment similarly. Second, we investigate whether perceived differences in the efficiency of the legal systems and in financial institutions across countries are reflected in the ability of firms to obtain external financing and grow at rates greater than they could attain by relying on their internal resources or short-term borrowing. Across our sample, we find positive correlations between investment in plant and equipment and retained earnings, and negative correlations between investment in plant and equipment and external financing. We find negative correlations between investment in short-term assets and retained earnings, and positive correlations between investment in short-term assets and external financing. The findings suggest that across different legal and financial systems, financial markets and intermediaries have a comparative advantage in funding short-term investment. For each firm our sample we estimate a predicted rate at which it can grow if it does not rely on long-term external financing. We show that the proportion of firms that grow at rates exceeding this predicted rate in each country is associated with specific features of the legal system, financial markets and institutions. In countries whose legal systems score high on the efficiency index a greater proportion of firms use long-term external financing, in particular, long-term debt. An active, though not necessarily large, stock market and a large banking sector are also associated with externally financed firm growth. In our sample government subsidies to industry to not increase the proportion of firms growing at rates that exceed the predicted rate.

Author : Jeremy Greenwood
Publisher : DIANE Publishing
Page : 46 pages
File Size : 51,6 Mb
Release : 2010-10
Category : Business & Economics
ISBN : 9781437933970

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Quantifying the Impact of Financial Development on Economic Development by Jeremy Greenwood Pdf

How important is financial development for economic development? A costly state verification model of financial intermediation is presented to address this question. The model is calibrated to match facts about the U.S. economy, such as intermediation spreads and the firm-size distribution for the years 1974 and 2004. It is then used to study the international data, using cross-country interest-rate spreads and per-capita GDP. The analysis suggests that a country like Uganda could increase its output by 140 to 180 percent if it could adopt the world's best practice in the financial sector. Still, this amounts to only 34 to 40 percent of the gap between Uganda's potential and actual output. Charts and tables.

Author : Mr. Ross Levine
Publisher : International Monetary Fund
Page : 80 pages
File Size : 42,7 Mb
Release : 2021-06-11
Category : Business & Economics
ISBN : 9781513583365

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Finance, Growth, and Inequality by Mr. Ross Levine Pdf

Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this paper, I review theoretical and empirical research on the connections between the operation of the financial system and economic growth and inequality. While subject to ample qualifications, the preponderance of evidence suggests that (1) financial development—both the development of banks and stock markets—spurs economic growth and (2) better functioning financial systems foster growth primarily by improving resource allocation and technological change, not by increasing saving rates. Some research also suggests that financial development expands economic opportunities and tightens income distribution, primarily by boosting the incomes of the poor. This work implies that financial development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation—improvements in the ability of financial systems to ameliorate information and transaction costs—may be necessary for sustaining growth.