The Impact Of Conflict And Political Instability On Banking Crises In Developing Countries
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The Impact Of Conflict And Political Instability On Banking Crises In Developing Countries
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Author : Ali Compaoré
language : en
Publisher: International Monetary Fund
Release Date : 2020-02-28
The Impact Of Conflict And Political Instability On Banking Crises In Developing Countries written by Ali Compaoré 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 2020-02-28 with Business & Economics categories.
While there is an extensive literature examining the economic impact of conflict and political instability, surprisingly there have been few studies on their impact on the probability of banking crises. This paper therefore investigates whether rising conflict and political instability globally over the past several decades led to increased occurrence of banking crises in developing countries. The paper provides strong evidence that conflicts and political instability are indeed associated with higher probability of systemic banking crises. Unsurprisingly, the duration of a conflict is positively associated with rising probability of a banking crisis. Interestingly, the paper also finds that conflicts and political instability in one country can have negative spillover effects on neighboring countries’ banking systems. The paper provides evidence that the primary channel of transmission is the occurrence of fiscal crises following a conflict or political instability.
Financial Dependence Banking Sector Competition And Economic Growth
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Author : Stijn Claessens
language : en
Publisher: World Bank Publications
Release Date : 2005
Financial Dependence Banking Sector Competition And Economic Growth written by Stijn Claessens 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 2005 with Banks and banking categories.
"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.
Islamic Economics And Financial Crisis
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Author : Erhan Akkas
language : en
Publisher: Taylor & Francis
Release Date : 2025-02-18
Islamic Economics And Financial Crisis written by Erhan Akkas and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-02-18 with Business & Economics categories.
This book explores the causes of the current economic crisis, evaluates the foundational principles of capitalism that contribute to crises, and investigates how an Islamic economic and banking system could play a role in fostering global stability. It includes theoretical and empirical analysis and assesses the resilience of the Islamic economic system and Islamic financial institutions in the face of economic and financial crises, with a particular focus on Organisation of Islamic Cooperation (OIC) member countries. Furthermore, the effects of these crises on income and wealth distribution are discussed. The book compares Islamic and conventional economics in response to economic crises, both across countries and financial institutions and provides a brief analysis of financial crises from a theoretical point of view, examining various approaches. It addresses the issue of the relevance of all these theories in relation to the present crisis and draws useful policy implications. Thereafter, it discusses how the Islamic financial system could serve to mitigate the occurrence of a financial crisis, since the prohibition of riba, maysir, and gharar transactions offers a solution to financial crisis from speculative bubbles and crash. It also discusses some of the challenges facing the Islamic finance industry. This is a useful guide for researchers and advanced students of Islamic Economics and Finance.
Global Shocks Unfolding Lessons From Fragile And Conflict Affected States
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Author : Jocelyn Boussard
language : en
Publisher: International Monetary Fund
Release Date : 2024-10-04
Global Shocks Unfolding Lessons From Fragile And Conflict Affected States written by Jocelyn Boussard 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 2024-10-04 with categories.
This paper investigates the consequences of global shocks on a sample of low- and lower-middle-income countries with a particular focus on fragile and conflict-affected states (FCS). FCS are a group of countries that display institutional weakness and/or are negatively affected by active conflict, thereby facing challenges in macroeconomic policy management. Examining different global shocks associated with commodity prices, external demand, and financing conditions, this paper establishes that FCS economies are more vulnerable to these shocks compared to non-FCS peers. The higher sensitivity of FCS economies is mainly driven by procyclical fiscal responses, aggravated by the lack of effective spending controls and timely access to financial sources. External financing serves as a source of stability, partially mitigating the adverse impact of global shocks. This paper contributes to a better understanding of how conditions of fragility, which are on the rise in many parts of the world today, can amplify the effects of negative exogenous shocks. Its results highlight the diverse nature of underlying sources of vulnerabilities, spanning from fiscal and external buffers to institutional quality and economic structure, with lessons applicable to a broader set of countries. Efficient and timely external financial support from external partners, including international financial institutions, should help countries’ counter-cyclical responses to mitigate adverse shocks and achieve macroeconomic stability.
World Development Report 2011
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2011-05-01
World Development Report 2011 written by World Bank 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 2011-05-01 with Business & Economics categories.
The 2011 WDR on Conflict, Security and Development underlines the devastating impact of persistent conflict on a country or region's development prospects - noting that the 1.5 billion people living in conflict-affected areas are twice as likely to be in poverty. Its goal is to contribute concrete, practical suggestions on conflict and fragility.
West African Economic And Monetary Union
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-02
West African Economic And Monetary Union written by International Monetary Fund. African Dept. 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 2021-03-02 with Business & Economics categories.
Selected Issues
The Service Sector And Economic Development In Africa
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Author : Evelyn F. Wamboye
language : en
Publisher: Routledge
Release Date : 2018-09-04
The Service Sector And Economic Development In Africa written by Evelyn F. Wamboye and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-04 with Business & Economics categories.
The service sector accounts for a huge proportion of global employment, and is the biggest driver of gross domestic product in developing nations. Yet there has been little research uncovering its scope, potential and implications on sustained and inclusive economic growth. This is especially true for Africa, which has seen a strong growth trajectory in recent years. This book presents a new frontier of research, offering insightful perspectives on the 21st-century realities of the service sector and its effect on economic development in Africa. The analysis presented here will be of relevance to academics and policymakers with an interest in Africa’s role in the global economy.
How Does Political Instability Affect Economic Growth
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Author : Mr. Ari Aisen
language : en
Publisher: International Monetary Fund
Release Date : 2011-01-01
How Does Political Instability Affect Economic Growth written by Mr. Ari Aisen 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 2011-01-01 with Business & Economics categories.
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Financial Inclusion Across Asia
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Author : Choi-Meng Leong
language : en
Publisher: Emerald Group Publishing
Release Date : 2023-12-06
Financial Inclusion Across Asia written by Choi-Meng Leong and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-06 with Business & Economics categories.
Topics discussed in this collection include financial inclusion in under-served markets, financial inclusion products and services, financial inclusion for sustainable and responsible business, micro, small, and medium-sized business practices.
The Oxford Handbook Of Banking
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Author : Allen N. Berger
language : en
Publisher: OUP Oxford
Release Date : 2009-12-24
The Oxford Handbook Of Banking written by Allen N. Berger and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-24 with Business & Economics categories.
The Oxford Handbook of Banking provides an overview and analysis of state-of-the-art research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. The handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their legal and governance structures. Part II entitled Regulatory and Policy Perspectives discusses monetary policy, prudential regulation and supervision, and antitrust policy. Part III deals with Bank Performance. A number of issues are assessed including efficiency, financial innovation and technological change, globalization and ability to deliver small business, consumer, and mortgage lending services. Part IV of the book provides an overview of Macroeconomic Perspectives in Banking. This part includes a discussion of the determinants of bank failures and crises, and the impact on financial stability, institutional development, and economic growth. Part V examines International Differences in Banking Structures and Environments. This part of the handbook examines banking systems in the United States, Western Europe, Transition countries, Latin America, Japan and the developing nations of Asia.