[PDF] Top 20 The role of the banking sector and financial markets on economic development

... We introduce imperfect competition within the banking system according to the Schumpeterian growth paradigm, and we theore"tically and empirically show that the [r] ... Voir le document complet

... reinforces the point of a lack of paradigm change in spite of the crisis-related ...events. The idea of both an EMU that still needs to be “completed”, and ... Voir le document complet

... development, many MFI have emerged in developing ...First, the two types of microfinance loans, indi- vidual lending and peer group lending, differs from classic bank ...specifies the ... Voir le document complet

... address the empirical question of whether a country’s le- vel of manufacturing trade is affected by its financial sector development and to investigate the ... Voir le document complet

... Introduction The need to build financial infrastructures is an important feature of Economies in transition, where banking practice was lost after several decades of central planning, ... Voir le document complet

... In the less populated municipalities of the country, the universal service provider (USP) must maintain post offices, even if they operate neither profitably nor at full ...in the ... Voir le document complet

... Since the UNCTAD report (1982) showing the importance of the insurance promotion for the economic development in developing countries, several studies have addressed this ... Voir le document complet

... at the world level rose from 3.8% in 1996 to 4.6 % in 2000 and decrease to ...at the financial crisis. According to the life insurance density (life insurance premiums per capita), it ... Voir le document complet

... organization), and to promote and stimulate an entrepreneurial response in these modern ...1.3. The bidirectional causality : Financial development may at least occasionally and ... Voir le document complet

... part of bank competition 29 that explain the relevance of concentration measures as competition ...Concerning the policy implications, this result highlights that financial ... Voir le document complet

... that the risk of loss associated with venture capital investment decreases steadily as the venture reaches later stages of ...Ruhnka and Young (1991) who underline that risk estimates ... Voir le document complet

... on the impact of the development of banks into non-traditional ...majority of studies, this translates into the analysis of non-NII (primarily commissions ... Voir le document complet

... between the outflows and fractions of the middle-aged population (45 to ...Bloom and Canning (2004) argue that since the early 1980s the dominant academic belief was that ... Voir le document complet

... evidence of their macroeconomic ...2012) and alleviate poverty (Akobeng, 2016; Majeed, 2015; Adams Jr & Cuecuecha, 2013), others have pointed out that remittances may significantly reduce recipient ... Voir le document complet

... one of the most liquid and, thus, highly demanded financial assets during the financial ...terms of higher share of treasury securities (Liq 1 in tables) on their ... Voir le document complet

... chicken markets in Haiti and Cameroon: The role of socio-economic factors on chicken’s consumption ...international markets -rice and other cereals, but also sugar ... Voir le document complet

... for the other asymmetric case of a fund that instead tries to profit from keeping pushing the market down by a steady rate of short selling of shares, leading to a negative growth −𝛼 ... Voir le document complet

... For the estimation of the trade equation, equations (20) and (21), data on bilateral trade flows and trade costs is ...EUROSTAT and affiliated agencies such as ESPON are ... Voir le document complet

... statistics The country-year sample in Panel A and the bank-year sample in Panel B cover 50 countries (26 adopters and 24 non- adopters) and span the four years before and ... Voir le document complet

... Influence of past syndicated loans In the same way as a standard loan relationship, a firm has an informational advantage over the banks in the syndicate: it is better informed of ... Voir le document complet