determinants of financial development

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Determinants Of Financial Development

Author : Yongfu Huang
ISBN : 9780230273672
Genre : Business & Economics
File Size : 52. 58 MB
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This book studies the determinants of the development of financial markets and carbon markets

Determinants Of Financial Development In Iran

Author : Omid Dehghan Nejad
ISBN : 3846553379
Genre :
File Size : 85. 43 MB
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The Determinants Of Financial Development In Malaysia

Author : Syn Pui Chung
ISBN : OCLC:1027898259
Genre :
File Size : 27. 14 MB
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Financial Development And Economic Growth In Malaysia

Author : James B. Ang
ISBN : 9781134035113
Genre : Business & Economics
File Size : 52. 20 MB
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This book is concerned with the role of financial intermediation in economic development and growth in the context of Malaysia. Using an analytical framework, the author investigates the Malaysian economy from 1960 onwards to examine how far financial development has progressed in the course of economic development, and whether it has been instrumental in promoting economic growth. A significant improvement in the Malaysian financial system, coupled with rapid economic growth and a rich history of financial sector reforms, makes Malaysia an interesting case study for this subject. The author shows that some government interventions seem to have impacted negatively on economic growth, whereas repressionist financial policies such as interest rate controls, high reserve requirements and directed credit programmes seem to have contributed positively to financial development. The analysis concludes that financial development leads to higher output growth via promoting private saving and private investment. Shedding light on the evolutionary role of financial system and the interacting mechanisms between financial development and economic growth, this book will be of interest to those interested in economic and financial development, financial liberalization, saving behaviour and investment analysis and Asian Studies.

Financial Inclusion And Development In The Cemac

Author : Adrian Alter
ISBN : 9781513511634
Genre : Business & Economics
File Size : 70. 33 MB
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This paper examines financial inclusion and development in the CEMAC. We explore the level of financial inclusion in the CEMAC through a benchmarking exercise.We construct a measure of financial development gap and analyze its determinants. Using panel data regressions, we find that inflation, income, and natural resources explain most of the financial development level but that better financial sector governance and stronger economic governance are positively associated with financial sector development. Richer and poorer countries can be equally far from their expected financial development levels. Finally, we use a benchmarking exercise to identify countries that have successfully reduced the financial development gap and propose policy measures that CEMAC countries could use to boost financial inclusion.

Capital Inflows Financial Development And Domestic Investment

Author : Mr. Nicola Spatafora
ISBN : 9781475518863
Genre : Business & Economics
File Size : 23. 21 MB
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We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment in developing countries during 2001-07, a period of surging global liquidity and low interest rates. Reductions in the global price of risk and in domestic borrowing costs were the main contributors to the increase over time in net capital inflows and domestic credit. However, the large cross-country differences in domestic and international finance are best explained by fundamentals such as institutional quality, access to international export markets, and an appropriate macroeconomic policy. Both private capital inflows and domestic credit exert a positive effect on investment; they also mediate most of the investment impact of the global price of risk and domestic borrowing costs. Surprisingly, neither greater domestic credit nor greater institutional quality increase the extent to which capital inflows translate into domestic investment.

What Matters For Financial Development And Stability

Author : Raja Almarzoqi
ISBN : 9781513524924
Genre : Business & Economics
File Size : 65. 67 MB
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This study aims to identify policies that influence the development of financial institutions as measured across three dimensions: depth, efficiency, and stability. Applying the concept of the financial possibility frontier, developed by Beck & Feyen (2013) and formalized by Barajas et al (2013a), we determine key policy variables affecting the gap between actual levels of development and benchmarks predicted by structural variables. Our dynamic panel estimation shows that inflation, trade openness, institutional quality, and banking crises significantly affect financial development. Our analysis also helps identify potential complementarities and trade-offs for policy makers, based on the effect of the policy variables across the different dimensions of financial development.

Understanding The Growth Of African Financial Markets

Author : Mihasonirina Andrianaivo
ISBN : 9781451917543
Genre : Business & Economics
File Size : 80. 59 MB
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This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets. The results show that income level, creditor rights protection, financial repression, and political risk are the main determinants of banking sector development in Africa, and that stock market liquidity, domestic savings, banking sector development, and political risk are the main determinants of stock market development. We also find that liberalizing the capital account promotes financial market development only in countries with high incomes, well- developed institutions, or both. The powerful impacts of political risk on both banking sector and stock market development suggest that resolution of political risk may be important to the development of African financial markets.

The Determinants Of Islamic Financial Development And The Constraints On Its Growth

Author :
ISBN : 9675687150
Genre : Banks and banking
File Size : 53. 46 MB
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Financial Development In Emerging Europe The Unfinished Agenda

Author : Edda Zoli
Genre : Economic development
File Size : 83. 87 MB
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This paper assesses the status of financial development in Emerging Europe, analyzes the factors that have shaped it, and discusses policy priorities. Financial development has progressed to varying degrees across the region. Macroeconomic stability and institutional quality have been important factors. Going forward, the EU integration process is likely to propel further reforms and shape financial development in EU members. In non-EU emerging economies the focus should be on maintaining macroeconomic stability and strengthening law enforceability. Creating a well-functioning government securities market, reinforcing corporate governance and creditor rights protection, and promoting the emergence of institutional investors would be beneficial.

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