Financial Intermediation In A Less Developed Economy
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Financial Intermediation In A Less Developed Economy
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Author : Indrajit Mallick
language : en
Publisher: SAGE Publications Pvt. Limited
Release Date : 2008-08-07
Financial Intermediation In A Less Developed Economy written by Indrajit Mallick and has been published by SAGE Publications Pvt. Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-08-07 with Business & Economics categories.
Financial Intermediation in a Less Developed Economy is an institutional narrative of a bank in a developing economy which acts as a case study and brings out the essential relationship between finance and economic development. The volume defines the financial intermediary organization and relates it to the process of economic development. In the process the authors argue that the conventional models of banking constructed for developed countries need to be complemented by institutional narratives of banking that focus on minimization of the transaction costs of finance and organization.
Money And Monetary Policy In Less Developed Countries
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Author : Warren L. Coats
language : en
Publisher: Elsevier
Release Date : 2014-05-19
Money And Monetary Policy In Less Developed Countries written by Warren L. Coats and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-19 with Business & Economics categories.
Money and Monetary Policy in Less Developed Countries: A Survey of Issues and Evidence focuses on monetary policy, the financial intermediation process, and the role of money in economic development in less developed countries (LDCs). Topics covered include financial development and economic growth in underdeveloped countries; instruments and techniques used in the implementation of monetary policy: and econometric policy models. This book is comprised of 46 chapters and begins with a discussion on the main lines of thought in the field of money and monetary policy in LDCs, with emphasis on the significant empirical results. The reader is then introduced to the role of money in the development process; production and monetization in the subsistence sector; some aspects of financial policies and central banking in developing countries; and the efficacy of monetary rules for LDCs. The subsequent chapters explore monetary policy instruments such as interest rates, credit controls, and exchange rates; credit policy and the balance of payments in developing countries; and price and output behavior in the Indian economy from 1951 to 1973. A semiannual macroeconometric model of the Philippines for the period 1967-1976 is also described. This monograph will be a valuable resource for economists, economic policymakers, and central bankers as well as students.
Capital Markets And Financial Intermediation
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Author : Colin Mayer
language : en
Publisher: Cambridge University Press
Release Date : 1995-09-29
Capital Markets And Financial Intermediation written by Colin Mayer and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-09-29 with Business & Economics categories.
Financial intermediation is currently a subject of active research on both sides of the Atlantic. The integration of European financial markets, in particular, highlights several important issues. In this volume, derived from a joint CEPR conference with the Fundacion Banco Bilbao Vizcaya (BBV), leading academics from Europe and North America review 'state-of-the-art' theories of banking and financial intermediation and discuss their policy implications. The principal focus is on the risks of increased competition, the appropriate regulation of banks, and the differences between Anglo-American and Continental European forms of financial markets. Relationship banking, stock markets and banks, banking and corporate control, financial intermediation in Eastern Europe, monetary policy and the banking system, and financial intermediation and growth are also discussed.
Explaining The Behavior Of Financial Intermediation
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Author : Mr.Philipp C. Rother
language : en
Publisher: International Monetary Fund
Release Date : 1999-03-01
Explaining The Behavior Of Financial Intermediation written by Mr.Philipp C. Rother and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-03-01 with Business & Economics categories.
This paper investigates the effects of macroeconomic and structural variables on financial intermediation. To this end, it presents a theoretical foundation for two new measures of intermediation, the money multiplier and the ratio of private sector credit to monetary base. Results from panel estimations covering 19 transition economies indicate that policy makers need to address in particular the problems of bad loans on bank balance sheets and high market concentration while maintaining a stable macroeconomic environment. Further variables, such as minimum reserve requirements and the capital adequacy ratio, are found to possess less explanatory power.
Trade Credit Financial Intermediary Development And Industry Growth
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Author : Raymond Fisman
language : en
Publisher: World Bank Publications
Release Date : 2001
Trade Credit Financial Intermediary Development And Industry Growth written by Raymond Fisman and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Credit categories.
Where do firms turn for financing in countries with poorly developed financial markets? One source is trade credit. And where formal financial intermediaries are deficient, industries that rely more on this source of financing grow faster.
Financial Intermediation And Growth
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Author : Ross Levine
language : en
Publisher:
Release Date : 1999
Financial Intermediation And Growth written by Ross Levine and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Accounting categories.
Finance Growth And Inequality
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Author : Mr. Ross Levine
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-11
Finance Growth And Inequality written by Mr. Ross Levine and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-11 with Business & Economics categories.
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this paper, I review theoretical and empirical research on the connections between the operation of the financial system and economic growth and inequality. While subject to ample qualifications, the preponderance of evidence suggests that (1) financial development—both the development of banks and stock markets—spurs economic growth and (2) better functioning financial systems foster growth primarily by improving resource allocation and technological change, not by increasing saving rates. Some research also suggests that financial development expands economic opportunities and tightens income distribution, primarily by boosting the incomes of the poor. This work implies that financial development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation—improvements in the ability of financial systems to ameliorate information and transaction costs—may be necessary for sustaining growth.
Financial Intermediation Costs In Low Income Countries
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Author : Mr.Tigran Poghosyan
language : en
Publisher: International Monetary Fund
Release Date : 2012-05-01
Financial Intermediation Costs In Low Income Countries written by Mr.Tigran Poghosyan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-01 with Business & Economics categories.
We analyze factors driving persistently higher financial intermediation costs in low-income countries (LICs) relative to emerging market (EMs) country comparators. Using the net interest margin as a proxy for financial intermediation costs at the bank level, we find that within LICs a substantial part of the variation in interest margins can be explained by bank-specific factors: margins tend to increase with higher riskiness of credit portfolio, lower bank capitalization, and smaller bank size. Overall, we find that concentrated market structures and lack of competition in LICs banking systems and institutional weaknesses constitute the key impediments preventing financial intermediation costs from declining. Our results provide strong evidence that policies aimed at fostering banking competition and strengthening institutional frameworks can reduce intermediation costs in LICs.
Financial Deepening In Economic Development
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Author : Edward S. Shaw
language : en
Publisher: Oxford University Press, USA
Release Date : 1973-01-01
Financial Deepening In Economic Development written by Edward S. Shaw and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973-01-01 with Developing countries categories.
Financial Intermediary Development And Growth Volatility
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Author : Thorsten Beck
language : en
Publisher: World Bank Publications
Release Date : 2001
Financial Intermediary Development And Growth Volatility written by Thorsten Beck and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Banks and banking categories.
Panel data for 63 countries in 1960-97 reveal no robust relationship between the development of financial intermediaries and the volatility of growth.