Similar Search Results

Taming Financial Development to Reduce Crises

Ben Naceur, Sami - 2019

This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...

Persistent link: https://www.econbiz.de/10012868462

Systemic Risk Assessment in Low Income Countries : Balancing Financial Stability and Development

Marchettini, Daniela - 2015

We propose a toolkit for the assessment of systemic risk buildup in low income countries. We show that, due to non-linearity in the relationship between credit and financial stability, the assessment should be conducted with different tools at different stages of financial development. In...

Persistent link: https://www.econbiz.de/10013015592

Financial Crises Explanations, Types, and Implications

Claessens, Stijn - 2013

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper...

Persistent link: https://www.econbiz.de/10013086317

What Matters for Financial Development and Stability?

Almarzoqi, Raja - 2015

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...

Persistent link: https://www.econbiz.de/10013015608

The Riskiness of Credit Allocation and Financial Stability

Brandao-Marques, Luis - 2019

We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we show that the riskiness of credit allocation, captured by Greenwood and Hanson...

Persistent link: https://www.econbiz.de/10012859862

Macrofinancial Modeling at Central Banks : Recent Developments and Future Directions

Vlček, Jan - 2012

This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models...

Persistent link: https://www.econbiz.de/10013111395

Future of Asia's Finance : How Can it Meet Challenges of Demographic Change and Infrastructure Needs?

Ding, Ding - 2014

There is a role for Asia's financial sector to play to address the challenges associated with the region's changing … demographics and infrastructure investment needs. Enhancing financial innovation and integration in the region could facilitate … intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure …

Persistent link: https://www.econbiz.de/10013049518

External Linkages and Policy Constraints in Saudi Arabia

Westelius, Niklas Johan - 2013

developing Asia, have strengthened economic links between the Far East and Saudi Arabia. Second, financial sector development in … developing Asia's growth cycle for the Saudi economy, while the latter suggests greater influence of U.S. monetary policy on the … non-oil economy through the peg to the U.S dollar. As a result, divergence between the growth cycles in developing Asia …

Persistent link: https://www.econbiz.de/10013084477

Financial Development and Inclusion in the Caribbean

Li, Chuan - 2018

Many Caribbean financial systems are relatively well developed for their size but benefits are concentrated in a small part of the population. In several large countries, the financial development levels are below what is warranted by that country's own macroeconomic fundamentals. SMEs, in...

Persistent link: https://www.econbiz.de/10012922629

Does Openness Matter for Financial Development in Africa?

David, Antonio C. - 2014

This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...

Persistent link: https://www.econbiz.de/10013050666