Tools
Sorted by:
Try your query at:
 |
 |
 |
 |
 |
 |
Results 1 - 10
of
477
Financial Intermediation, Loanable Funds, and the Real Sector
- Quarterly Journal of Economics
, 1997
"... We study an incentive model of ®nancial intermediation in which ®rms as well as intermediaries are capital constrained. We analyze how the distribution of wealth across ®rms, intermediaries, and uninformed investors affects investment, interest rates, and the intensity of monitoring. We show that al ..."
Abstract
-
Cited by 547 (7 self)
- Add to MetaCart
We study an incentive model of ®nancial intermediation in which ®rms as well as intermediaries are capital constrained. We analyze how the distribution of wealth across ®rms, intermediaries, and uninformed investors affects investment, interest rates, and the intensity of monitoring. We show
Well-developed Financial Intermediary Sector Promotes Stock Market Development: Evidence from
- Africa, Journal of Emerging Market Finance
, 2007
"... On behalf of: ..."
Stock Markets, Banks, and Economic Growth
, 1998
"... This paper -- a product of the Finance and Private Sector Development Division, Policy Research Department -- is pa't of a larger effort in the department to understand the links between the financial system and economic growth. The study was funded by the Bank's Research Support Budget un ..."
Abstract
-
Cited by 351 (20 self)
- Add to MetaCart
This paper -- a product of the Finance and Private Sector Development Division, Policy Research Department -- is pa't of a larger effort in the department to understand the links between the financial system and economic growth. The study was funded by the Bank's Research Support Budget
Financial Intermediaries and Monetary Economics
"... We reconsider the role of nancial intermediaries in monetary economics. We explore the hypothesis that the nancial intermediary sector is the engine that drives the nancial cycle through the uctuations in the price of risk. In this framework, balance sheet quantities emerge as a key indicator of ris ..."
Abstract
-
Cited by 63 (1 self)
- Add to MetaCart
We reconsider the role of nancial intermediaries in monetary economics. We explore the hypothesis that the nancial intermediary sector is the engine that drives the nancial cycle through the uctuations in the price of risk. In this framework, balance sheet quantities emerge as a key indicator
Intermediary Balance Sheets
"... Abstract We document the cyclical properties of the balance sheets of different types of intermediaries. While the leverage of the bank sector is highly procyclical, the leverage of the nonbank financial sector is acyclical. We propose a theory of a two-agent financial intermediary sector within a ..."
Abstract
- Add to MetaCart
Abstract We document the cyclical properties of the balance sheets of different types of intermediaries. While the leverage of the bank sector is highly procyclical, the leverage of the nonbank financial sector is acyclical. We propose a theory of a two-agent financial intermediary sector within a
Technical Appendix for The Role of Intermediaries in Facilitating Trade
, 2009
"... This paper documents that intermediaries play an important role in facilitating international trade. We modify a heterogeneous
rm model to allow for an intermediary sector. The model predicts that
rms will endogenously select their mode of exporteither directly or indirectly through an intermediar ..."
Abstract
- Add to MetaCart
This paper documents that intermediaries play an important role in facilitating international trade. We modify a heterogeneous
rm model to allow for an intermediary sector. The model predicts that
rms will endogenously select their mode of exporteither directly or indirectly through
Financial Intermediary Development and Growth Volatility: Do Intermediaries Dampen or Magnify Shocks?
, 2001
"... We extend the recent literature on the link between financial development and economic volatility by focusing on the channels through which financial intermediary development affects economic volatility. Building on Bacchetta and Caminal (2000) our theoretical model predicts that the effect of real ..."
Abstract
-
Cited by 42 (2 self)
- Add to MetaCart
sector shocks on growth volatility is dampened by well-developed financial intermediaries, while monetary shocks are magnified, suggesting that, overall, there is no unambiguous effect of financial intermediaries on growth volatility. We test these predictions in a panel data set covering 63 countries
Financial Intermediary Capital∗
, 2014
"... We propose a dynamic theory of financial intermediaries as collateralization specialists that are better able to collateralize claims than households. Intermediaries require capital as they can borrow against their loans only to the extent that households themselves can collateralize the assets back ..."
Abstract
-
Cited by 2 (0 self)
- Add to MetaCart
backing the loans. The net worth of financial intermediaries and the corporate sector are both state variables affecting the spread between intermediated and direct finance and the dynamics of real economic activity, such as investment, and financing. The accumulation of net worth of intermediaries
Intermediaries and Payments Instruments
- Journal of Economic Theory
"... We study an economy in which intermediaries have incentives to issue circu-lating liabilities as part of an equilibrium. We show that, with arbitrarily small transactions costs, only the liabilities of intermediaries will circulate, and not those of other private sector agents. Therefore, our model ..."
Abstract
-
Cited by 6 (0 self)
- Add to MetaCart
We study an economy in which intermediaries have incentives to issue circu-lating liabilities as part of an equilibrium. We show that, with arbitrarily small transactions costs, only the liabilities of intermediaries will circulate, and not those of other private sector agents. Therefore, our model
Perceptions of Using eIntermediaries
, 2006
"... 1 eIntermediaries (also called eMarketplaces) were established in the 1990’s with the promise of streamlining supply chains, help increase efficiency, minimize negative effects of economic cyclicality, and to improve industry profitability. The use of eIntermediaries in the pulp and paper sector has ..."
Abstract
- Add to MetaCart
1 eIntermediaries (also called eMarketplaces) were established in the 1990’s with the promise of streamlining supply chains, help increase efficiency, minimize negative effects of economic cyclicality, and to improve industry profitability. The use of eIntermediaries in the pulp and paper sector
Results 1 - 10
of
477
