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Author : Allen N. Berger,Leora F. Klapper,Iftekhar Hasan
Publisher : World Bank Publications
Page : 44 pages
File Size : 46,8 Mb
Release : 2003
Category : Community banks
ISBN : 9780308160408
Author : Mr.Sami Ben Naceur,Mr.Robert Blotevogel,Mr.Mark Fischer,Haiyan Shi
Publisher : International Monetary Fund
Page : 41 pages
File Size : 46,7 Mb
Release : 2017-06-30
Category : Business & Economics
ISBN : 9781484306321
This paper examines how financial development affects the sources of growth—productivity and investment—using a sample of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to capture the access, efficiency, stability, and openness dimensions of financial development. Yet even in this broad interpretation, financial development does not appear to be a magic bullet for economic growth. We cannot confirm earlier findings of an unambiguously positive relationship between financial development, investment, and productivity. The relationship is more complex. The influence of the different dimensions of financial development on the sources of growth varies across income levels and regions.
Author : Asli Demirgüç-Kunt,Ross Levine
Publisher : Unknown
Page : 1616 pages
File Size : 41,7 Mb
Release : 2018-07-27
Category : Economic development
ISBN : 1785367420
This two-volume collection brings together major contributions to the study of finance and growth. It includes conceptual and empirical papers that use a range of methodologies to discover the connections between financial systems - including financial contracts, markets, and intermediaries - and the functioning of the economy - including economic growth, entrepreneurship, technological innovation, poverty alleviation, the distribution of income, and the structure and volatility of economies. It also discusses contributions to the study of the legal, political, institutional, social capital and policy determinants of financial development. With an original introduction by the editors, this collection is an important resource for students, academics and practitioners.
Author : Christopher J. Green,Colin Kirkpatrick,Victor Murinde
Publisher : Edward Elgar Publishing
Page : 465 pages
File Size : 54,9 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 9781845424602
In this new book a group of 18 distinguished authors presents comprehensive surveys of current issues in the field of finance and development. . . This book nicely bridges the gap between general research on the role of finance for economic growth and the role finance plays for developing economies and poverty reduction. . . Moreover, the authors identify a great number of promising ideas for future research. . . Ryszard Kokoszczynski, SUERF Newsletter The European Money & Finance Forum In the last two decades, the role of finance in the development process has become a major topic of research and debate. Although it is widely agreed that there is an important link between the two, there is much less consensus on the exact nature of the relationship. Is financial development a prerequisite for general economic development, or is it a more passive by-product of the development process? In this valuable new book, a distinguished group of authors takes stock of the existing state of knowledge in the field of finance and the development process. Each chapter offers a comprehensive survey and synthesis of current issues. These include such critical subjects as savings, financial markets and the macroeconomy, stock market development, financial regulation, foreign investment and aid, financing livelihoods, microfinance, rural financial markets, small and medium enterprises, corporate finance and banking. This book will be accessible to postgraduate and advanced undergraduate students of finance and development. It will also be an essential reference source for all professionals and academics working in this area who want to learn how finance can contribute to the development process and poverty reduction.
Author : Mr.Jean-Louis Arcand,Mr.Enrico Berkes,Ugo Panizza
Publisher : International Monetary Fund
Page : 50 pages
File Size : 55,5 Mb
Release : 2012-06-01
Category : Business & Economics
ISBN : 9781475526103
This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a negative effect on output growth when credit to the private sector reaches 100% of GDP. We show that our results are consistent with the "vanishing effect" of financial development and that they are not driven by output volatility, banking crises, low institutional quality, or by differences in bank regulation and supervision.
Author : Ross Levine
Publisher : Unknown
Page : 130 pages
File Size : 45,9 Mb
Release : 2004
Category : Economic development
ISBN : UCSD:31822033211400
"This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research"--NBER website
Author : Mr.Pablo Emilio Guidotti,Mr.Jose De Gregorio
Publisher : International Monetary Fund
Page : 38 pages
File Size : 41,6 Mb
Release : 1992-12-01
Category : Business & Economics
ISBN : 9781451852455
This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of GDP. We find that this proxy enters significantly and with a positive sign in growth regressions on a large cross–country sample, but with a negative sign using panel data for Latin America. Our findings suggest that the main channel of transmission from financial development to growth is the efficiency of investment, rather than its volume. We also present a model where the negative correlation between financial intermediation and growth results from financial liberalization in a poor regulatory environment.
Author : Mr. Ross Levine
Publisher : International Monetary Fund
Page : 80 pages
File Size : 47,5 Mb
Release : 2021-06-11
Category : Business & Economics
ISBN : 9781513583365
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.
Author : Aslı Demirgüç-Kunt,Ross Levine
Publisher : MIT Press
Page : 452 pages
File Size : 51,7 Mb
Release : 2001
Category : Business & Economics
ISBN : 0262541793
CD-ROM contains: World Bank data.
Author : Management Association, Information Resources
Publisher : IGI Global
Page : 991 pages
File Size : 49,8 Mb
Release : 2019-12-06
Category : Social Science
ISBN : 9781799812081
One of the major tools of attaining proper development all around the world is creating wealth and economic inclusion, such that all classes of people can secure their lifestyles through access to financial services from formal sectors. Expanding access to resources and increasing self-employment opportunities help reduce poverty and improve social development. Wealth Creation and Poverty Reduction: Breakthroughs in Research and Practice examines trends, challenges, issues, and strategies related to the creation of livelihood options through the redistribution of resources, foreign aid, private sector activities, and other methods. Highlighting a range of topics such as microfinance, poverty alleviation, and socio-economic development, this publication is an ideal reference source for government officials, policymakers, executives, economists, analysts, researchers, academicians, professionals, and students interested in wealth creation in areas of extreme poverty.
Author : Stijn Claessens,Erik Feijen
Publisher : World Bank Publications
Page : 128 pages
File Size : 40,5 Mb
Release : 2007
Category : Social Science
ISBN : 9780821368657
This study investigates the relationship between financial sector development and progress in reaching the Millennium Development Goals (MDGs). It assesses the contribution of countries' financial sector development to achieving the MDGs. The focus is on the relationships between financial development and economic welfare and growth, and the following four MDG-themes: Poverty, Education, Health, and Gender Equality. In doing so, the book reviews the theoretical channels, surveys existing empirical evidence - both cross-country and case study evidence, and provides new evidence. Financial Sector Development and the Millennium Development Goals finds that financial development is an important driver for economic welfare in that it reduces the prevalence of income poverty and undernourishment. In addition, new evidence is provided of a positive association between financial development and health, education, and gender equality.
Author : Dwyfor Evans,Christopher J. Green,Victor Murinde
Publisher : Unknown
Page : 30 pages
File Size : 53,8 Mb
Release : 2000
Category : Endogenous growth (Economics)
ISBN : 1902518373
Author : Edward S. Shaw
Publisher : Oxford University Press, USA
Page : 260 pages
File Size : 41,7 Mb
Release : 1973-01-01
Category : Developing countries
ISBN : 0195016335
Author : Muhammad Shahbaz,Alaa Soliman,Subhan Ullah
Publisher : Springer Nature
Page : 245 pages
File Size : 51,5 Mb
Release : 2021-09-21
Category : Business & Economics
ISBN : 9783030790035
This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.
Author : Thorsten Beck,Asl? Demirgüç-Kunt,Ross Levine
Publisher : World Bank Publications
Page : 67 pages
File Size : 47,7 Mb
Release : 1999
Category : Banca central
ISBN : 8210379456XXX
This new database of indicators of financial development and structure across countries and over time unites a range of indicators that measure the size, activity, and efficiency of financial intermediaries and markets.
