Financial Structure and Economic Growth
Author: Aslı Demirgüç-Kunt
Publisher: MIT Press
Published: 2001
Total Pages: 452
ISBN-13: 9780262541794
DOWNLOAD EBOOKCD-ROM contains: World Bank data.
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Author: Aslı Demirgüç-Kunt
Publisher: MIT Press
Published: 2001
Total Pages: 452
ISBN-13: 9780262541794
DOWNLOAD EBOOKCD-ROM contains: World Bank data.
Author: Muhammad Shahbaz
Publisher: Springer Nature
Published: 2021-09-21
Total Pages: 245
ISBN-13: 3030790037
DOWNLOAD EBOOKThis 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
Publisher: World Bank Publications
Published: 1999
Total Pages: 67
ISBN-13:
DOWNLOAD EBOOKThis 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.
Author: Ross Levine
Publisher: World Bank Publications
Published: 1996
Total Pages: 32
ISBN-13: 6101919153
DOWNLOAD EBOOKAuthor: Ross Levine
Publisher:
Published: 2004
Total Pages: 130
ISBN-13:
DOWNLOAD EBOOK"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:
Publisher: World Bank Publications
Published: 2000
Total Pages: 66
ISBN-13:
DOWNLOAD EBOOKA country's level of financial development and the legal environment in which financial intermediaries and markets operate critically influence economic development. In countries whose financial sectors are more fully developed and whose legal systems protect the rights of outside investors, economies grow faster, industries dependent on external finance expand more quickly, new firms are created more easily, firms have more access to external financing, and firms grow faster.
Author: Raymond W. Goldsmith
Publisher: University of Chicago Press
Published: 1985-04
Total Pages: 396
ISBN-13: 9780226301532
DOWNLOAD EBOOKRaymond W. Goldsmith has combined his experience, good sense, and flair with figures to construct this groundbreaking comparative study of the balance sheets of twenty of the largest nations. A pioneer in the field of national accounts, Goldsmith now presents a work that will be a valuable tool in tracking the economic progress of and between nations. The majority of the balance sheets were created especially for this project, their components gleaned from fragmentary and heterogeneous data. There are approximately 3,500 entries, each measuring the value of one type of tangible or financial asset or liability at a given date. Goldsmith's estimates are keyed to fifteen benchmark dates in the economic progress of the cited nations, and for twelve nations he was able to construct balance sheets dating back to the nineteenth century or earlier. Combined, worldwide balance sheet are included for 1950 and 1978. Comparative National Balance Sheets will provide an essential basis for the quantitative analysis of the long-term financial development of these nations. In addition to national balance sheets for all large countries except Brazil and China, sectoral balance sheets for France, Germany, Great Britain, India, Japan, and the United States in the postwar period are also included.
Author: Raymond William Goldsmith
Publisher: New Haven : Yale University Press
Published: 1969
Total Pages: 561
ISBN-13: 9780300011708
DOWNLOAD EBOOKAuthor: Franklin Allen
Publisher: MIT Press
Published: 2000
Total Pages: 524
ISBN-13: 9780262011778
DOWNLOAD EBOOKWhy do different countries have such different financial systems? Is one system better than the other? This text argues that the view that market-based systems are best is simplistic, and suggests that a more nuanced approach is necessary.
Author: Mr.Pablo Emilio Guidotti
Publisher: International Monetary Fund
Published: 1992-12-01
Total Pages: 38
ISBN-13: 1451852452
DOWNLOAD EBOOKThis 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.