Financial Dependence, Banking Sector Competition, and Economic Growth

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4./5 ( download)

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Book Synopsis Financial Dependence, Banking Sector Competition, and Economic Growth by : Stijn Claessens

Download or read book Financial Dependence, Banking Sector Competition, and Economic Growth written by Stijn Claessens and published by World Bank Publications. This book was released on 2005 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization theory. They then relate this competition measure to growth of industries and find that greater competition in countries' banking systems allows financially dependent industries to grow faster. These results are robust under a variety of tests. The results suggest that the degree of competition is an important aspect of financial sector funding. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to study competition in banking"--World Bank web site.

Financial Markets in Central and Eastern Europe

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Publisher : Psychology Press
ISBN 13 : 9780415342537
Total Pages : 408 pages
Book Rating : 4.3/5 (425 download)

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Book Synopsis Financial Markets in Central and Eastern Europe by : Morten Balling

Download or read book Financial Markets in Central and Eastern Europe written by Morten Balling and published by Psychology Press. This book was released on 2004 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book charts the process of financial market reform in Central and Eastern Europe. Topics discussed will include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.

Banking Consolidation in the EU

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Publisher : CEPS
ISBN 13 : 9789290794790
Total Pages : 108 pages
Book Rating : 4.7/5 (947 download)

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Book Synopsis Banking Consolidation in the EU by : Rym Ayadi

Download or read book Banking Consolidation in the EU written by Rym Ayadi and published by CEPS. This book was released on 2004 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trends in Competition and Profitability in the Banking Industry

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Publisher :
ISBN 13 : 9783902109279
Total Pages : 88 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Trends in Competition and Profitability in the Banking Industry by : Jacob A. Bikker

Download or read book Trends in Competition and Profitability in the Banking Industry written by Jacob A. Bikker and published by . This book was released on 2005 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper brings to the forefront the assumptions that we make when focussing on a particular type of explanation for bank profitability. We evaluate a broad field of research by introducing a general framework for a profit maximizing bank and demonstrate how different types of models can be fitted into this framework. Next, we present an overview of the current major trends in European banking and relate them to each model's assumptions, thereby shedding light on the relevance, timeliness and shelf life of the different models. This way, we arrive at a set of recommendations for a future research agenda. We advocate a more prominent role for output prices, and suggest a modification of the intermediation approach. We also suggest ways to more clearly distinguish between market power and effciency, and explain why we need time-dependent models. Finally, we propose the application of existing models to different size classes and sub-markets. Throughout we emphasize the benefits from applying several, complementary models to overcome the identification problems that we observe in individual models.

Money, Banking and Financial Markets in Central and Eastern Europe

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Author :
Publisher : Springer
ISBN 13 : 0230302211
Total Pages : 299 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Money, Banking and Financial Markets in Central and Eastern Europe by : R. Matousek

Download or read book Money, Banking and Financial Markets in Central and Eastern Europe written by R. Matousek and published by Springer. This book was released on 2015-12-04 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a deep insight into the market changes and policy challenges that transition economies have undergone in the last twenty years. It not only comments on and evaluates the development of financial markets in transition economies, but also highlights the key obstacles to full integration of financial markets into the EU market.

The Routledge Handbook to Regional Development in Central and Eastern Europe

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Publisher : Routledge
ISBN 13 : 131712393X
Total Pages : 429 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis The Routledge Handbook to Regional Development in Central and Eastern Europe by : Gábor Lux

Download or read book The Routledge Handbook to Regional Development in Central and Eastern Europe written by Gábor Lux and published by Routledge. This book was released on 2017-07-06 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty-five years into transformation, Central and Eastern European regions have undergone substantial socio-economic restructuring, integrating into European and global networks and producing new patterns of regional differentiation and development. Yet post-socialist modernisation has not been without its contradictions, manifesting in increasing social and territorial inequalities. Recent studies also suggest there are apparent limits to post-socialist growth models, accompanying a new set of challenges within an increasingly uncertain world. Aiming to deliver a new synthesis of regional development issues at the crossroads between ‘post-socialism’ and ‘post-transition’, this book identifies the main driving forces of spatial restructuring in Central and Eastern Europe, and charts the different regional development paths which take shape against the backdrop of post-crisis Europe. A comparative approach is used to highlight common development challenges and the underlying patterns of socio-economic differentiation alike. The issues investigated within the Handbook extend to a discussion of the varied economic consequences of transition, the social structures and institutional systems which underpin development processes, and the broadly understood sustainability of Central and Eastern Europe’s current development model. This book will be of interest to academics and policymakers working in the fields of regional studies, economic geography, development studies and policy.

The Transformation of the European Financial System

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Publisher :
ISBN 13 : 9789291813483
Total Pages : 334 pages
Book Rating : 4.8/5 (134 download)

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Book Synopsis The Transformation of the European Financial System by : Vitor Gaspar

Download or read book The Transformation of the European Financial System written by Vitor Gaspar and published by . This book was released on 2003-01-01 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investigating Diversity in the Banking Sector in Europe

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Publisher :
ISBN 13 : 9789461380425
Total Pages : 0 pages
Book Rating : 4.3/5 (84 download)

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Book Synopsis Investigating Diversity in the Banking Sector in Europe by : Rym Ayadi

Download or read book Investigating Diversity in the Banking Sector in Europe written by Rym Ayadi and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A midst stormy waters, financial systems develop and evolve. New institutional forms and instruments are invented and put into use. Some of them turn out to be successful while others disappear: a natural process of creative and dynamic competition argues for diversity. Diversity offers an optimal environment in which new ideas can come to life, existing ideas can evolve and old ideas make a comeback. In the aftermath of the financial crisis, the foundations of several decades of modern and innovative financial systems have suffered serious damage. This has triggered massive state interventions and has led authorities to revamp the regulatory structures and frameworks. While many voices have called for a return to more traditional approaches to banking and finance, no one has argued the merits of diversity. This book investigates the merits of a diverse banking system with a special focus on the performance and role of cooperative banks in seven European countries where they are prominent (Austria, Finland, France, Germany, Italy, the Netherlands and Spain). The theoretical and empirical arguments that are developed in this book tend to support the view that it is economically beneficial to have stakeholder-value banks with a dual bottom-line function, such as cooperative banks. For those who accept this premise, it would suggest that policy-makers should not take or support actions that could jeopardise this valuable element of the financial system in various countries in Europe and of the emerging integrated European financial system. Book jacket.

Poland and the Eurozone

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Publisher : Springer
ISBN 13 : 1137426411
Total Pages : 409 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Poland and the Eurozone by : J. Hölscher

Download or read book Poland and the Eurozone written by J. Hölscher and published by Springer. This book was released on 2014-10-21 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poland is one of Europe's economic out-performers. The country's history and geography encourage it to be in favour of deeper European integration. This book aims to contribute to discussions on the future shape of EMU and the next steps ahead.

Macroprudential Regulation and Policy for the Islamic Financial Industry

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Publisher : Springer
ISBN 13 : 3319304453
Total Pages : 276 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis Macroprudential Regulation and Policy for the Islamic Financial Industry by : Muhamed Zulkhibri

Download or read book Macroprudential Regulation and Policy for the Islamic Financial Industry written by Muhamed Zulkhibri and published by Springer. This book was released on 2016-05-25 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume aims to discuss the current research, theory, methodology and applications of macropreudential regulation and policy for the Islamic financial industry. Published in cooperation with the Islamic Research and Training Institute (IRTI), this book features contributions from a workshop presented in collaboration with the University College of Bahrain (UCB) in Manama, Bahrain, aimed to bring together experts in Islamic banking and regulation and financial economics. This resulting book sheds light on how macroprudential policy may be implemented in the Islamic financial system, and indicates current challenges and their effects on economic growth, financial stability and monetary regulation. Macroprudential policy is increasingly seen as a way of dealing with the different dimensions of systemic risk. But many central banks, bank supervisors and regulators have limited experience with macroprudential tools, particularly in the Islamic financial industry. Given the complementarities between monetary policy and financial stability, it appears that central banks would always play an important role in macroprudential policy. But how should macroprudential policy best interact with monetary policy? It is becoming more pressing for the central banks to conduct monetary policy in which its conventional banking system operates side by side with Islamic banking system. This question has received increasing attention in the research literature but there is much we still need to learn. This is why new insights from research on macroprudential policy – which has gained important impetus in recent years – are so valuable. Featuring contributions on topics such as macroprudential regulation, policy, tools and instruments; governance, systematic risk, monetary policy, and bank leverage, the editors provide a collection of comprehensive research covering the most important issues on macroprudential policy and regulation for the Islamic financial industry. This volume is expected to be a significant contribution to the literature in the field of Islamic finance and evaluation of public policies to promote the development for Islamic financial industry. It is also served as a key text for students, academics, researchers, policy-makers in the field of Islamic finance.

European Financial Markets and Institutions

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Author :
Publisher : Cambridge University Press
ISBN 13 : 0521882990
Total Pages : 439 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis European Financial Markets and Institutions by : Jakob de Haan

Download or read book European Financial Markets and Institutions written by Jakob de Haan and published by Cambridge University Press. This book was released on 2009-01-15 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written for undergraduate and graduate students, this textbook provides a fresh analysis of the European financial system.

Handbook of Competition in Banking and Finance

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1785363301
Total Pages : 425 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Handbook of Competition in Banking and Finance by : Jacob A. Bikker

Download or read book Handbook of Competition in Banking and Finance written by Jacob A. Bikker and published by Edward Elgar Publishing. This book was released on 2017-09-29 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. The goal of this Handbook is to provide a collection of state-of-the-art chapters to address this issue. The book consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors.

Financial Development and Economic Growth

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Publisher : Springer
ISBN 13 : 0230374271
Total Pages : 248 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Financial Development and Economic Growth by : C. Goodhart

Download or read book Financial Development and Economic Growth written by C. Goodhart and published by Springer. This book was released on 2004-06-13 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most successful economies have the best working financial markets. While causation obviously runs in both directions, current research has increasingly emphasized the role of finance in promoting growth. Here seven leading financial economists explore the links between financial development and growth. The book seeks to answer the question of the role of finance in promoting sustainable growth and in the reduction of poverty, for example via micro-financial institutions.

Competition and Efficiency in Banking

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Competition and Efficiency in Banking by : Thierry D. Buchs

Download or read book Competition and Efficiency in Banking written by Thierry D. Buchs and published by . This book was released on 2005 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Republic of Kazakhstan

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Publisher : International Monetary Fund
ISBN 13 : 1451820879
Total Pages : 27 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Republic of Kazakhstan by : International Monetary Fund

Download or read book Republic of Kazakhstan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-10-27 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This technical note explores the reasons for a comparatively high interest rate spread in Kazakhstan in the context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational costs and provisioning for loan losses remain high compared with some other economies. Rapid progress is being made in developing an efficient banking sector, and further improvements will depend on good supervisory and regulatory enforcement. The level of financial intermediation, although high among neighboring countries and growing, is still low in broader comparisons.

Integrating Europe's Retail Banking Market

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Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Integrating Europe's Retail Banking Market by : Stefanie Kleimeier

Download or read book Integrating Europe's Retail Banking Market written by Stefanie Kleimeier and published by . This book was released on 2007 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report offers a comprehensive survey of recent empirical research on the state and development of retail banking integration in Europe. The authors, Stefanie Kleimeier and Harald Sander, document a broad consensus that retail banking integration is still limited, although it seems to have recently gained momentum. Kleimeier and Sander find, however, that there is less agreement on how to measure the phenomenon. They warn that the various types of integration measures should be interpreted with care, due to their shortcomings and in order to avoid jumping to the wrong policy conclusion. In their view, the recent acceleration in integration has been driven mostly by wholesale financial market integration and more general financial developments. The authors conclude that integration policies need to be supplemented by competition, financial development, and financial stability policies.

Global Competition Policy

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Author :
Publisher : Peterson Institute
ISBN 13 : 9780881321661
Total Pages : 620 pages
Book Rating : 4.3/5 (216 download)

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Book Synopsis Global Competition Policy by : Edward Montgomery Graham

Download or read book Global Competition Policy written by Edward Montgomery Graham and published by Peterson Institute. This book was released on 1997 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is growing consensus among international trade negotiators and policymakers that a prime area for future multilateral discussion is competition policy. Competition policy includes antitrust policy (including merger regulation and control) but is often extended to include international trade measures and other policies that affect the structure, conduct, and performance of individual industries. This study includes country studies of competition policy in Western Europe, North America, and the Far East (with a focus on Japan) in the light of increasingly globalized activities of business firms. Areas where there are major differences in philosophy, policy, or practice are identified, with emphasis on those differences that could lead to economic costs and international friction. Alternatives for eliminating these costs and frictions are discussed, including unilateral policy changes, bilateral or multilateral harmonization of policies, and creation of new international regimes to supplement or replace national or regional regimes.