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Results 1 - 10
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301
Some unorthodox thoughts on China’s unorthodox …nancial sector
- China Economic Review
, 2002
"... China’s banks are undeniably in serious financial straits. Citigroup (2002) has estimated that the ratio of nonperforming loans (NPLs) at the four biggest state-owned commercial banks (SOCBs) to be about 35 % at the beginning of 2002, and that the average capital adequacy ratio (CAR) of these four S ..."
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Cited by 2 (0 self)
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membership, conduct transactions with the local corporate sector in Renminbi after 2 years, and conduct transactions with local households in local currencies after 5 years. Although foreign banks are likely to compete only in the coastal cities, at least in the initial period, the pressure on domestic banks
Financial Dependence and Growth
- American Economic Review
, 1998
"... This paper examines whether nancial development facilitates economic growth by scrutinizing one rationale for such a relationship; that nancial development reduces the costs of external nance to rms. Speci cally, we ask whether industrial sectors that are relatively more in need of external nance de ..."
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Cited by 1086 (26 self)
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This paper examines whether nancial development facilitates economic growth by scrutinizing one rationale for such a relationship; that nancial development reduces the costs of external nance to rms. Speci cally, we ask whether industrial sectors that are relatively more in need of external nance
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 ..."
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Cited by 547 (7 self)
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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
On the nature of the nancial system in the Euro Area: a Bayesian DSGE approach ∗ Stefania
, 2011
"... This paper builds and compares from a Bayesian perspective two dynamic stochastic general equilibrium (DSGE) models with di erent sources of nancial frictions. The two DSGE models, which are both extensions of Smets and Wouters (2007), are: (i) the SWBGG model, with asymmetric information originatin ..."
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and the forecasting performance provides evidence in favour of the SWGK model. Since the nancial sectors di er among the two models, so do the nancial shocks and, therefore, the propagation mechanisms. Finally, this paper investigates the predictive power of the two models in forecasting in ationary pressures
Optimal privatization design and …nancial markets¤
, 2001
"... In this paper we consider various privatization mechanisms in a general equilibriummodel. We show that privatization has no real e¤ects, if the public sector is e¢cient and lump-sum taxes are implemented. The free distribution of public assets is …nancially neutral, whereas the sale of public assets ..."
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In this paper we consider various privatization mechanisms in a general equilibriummodel. We show that privatization has no real e¤ects, if the public sector is e¢cient and lump-sum taxes are implemented. The free distribution of public assets is …nancially neutral, whereas the sale of public
APPLICATION OF THE INTERNAL MARKETING CONCEPT IN THE CROATIAN FINANCIAL SECTOR
"... Although the internal marketing concept emerged in the 1970s from ser-vice marketing, it has not been widely accepted in the business environment. One of the reasons lies in the fact that the concept and the components had not been precisely defi ned. The purpose of this paper is to assess the exten ..."
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the extent of the acceptance of the internal marketing philosophy in the Croatian fi nancial sector and to identify the components of internal marketing. The conducted research highlights that the acceptance of the concept in the Croatian fi-nancial sector is mediocre. This confi rms the insuffi cient
THE ROLE OF CERTIFICATION IN THE BRAZILIAN FRUIT SECTOR*
"... Cooperation and Development (BMZ) for their fi nancial support. ..."
Chapter pages in book: (p. 149- 153) Systemic Risks and the Macroeconomy 149
, 2009
"... There are two approaches to understanding the issue of systemic risk and macroprudential regulation—one is empirical macroeconomics based, and the other is fi nancial market based. These two approaches have different methodologies, emphases, and purposes. De Nicolò and Lucchetta’s chapter belongs to ..."
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to the macro- centric approach. It helps us to better understand the fundamental linkage between the real economy and the fi nancial sector, especially in the long run. However, unlike a fi nancial- centric approach, the chapter is silent on the interaction among large banks, the nonlinear feedback effect
The Growth of Finance
- Journal of Economic Perspectives
, 2013
"... D uring the last 30 years, the fi nancial services sector has grown enormously. This growth is apparent whether one measures the fi nancial sector by its share of GDP, by the quantity of fi nancial assets, by employment, or by average wages. At its peak in 2006, the fi nancial services sector contri ..."
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Cited by 16 (0 self)
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D uring the last 30 years, the fi nancial services sector has grown enormously. This growth is apparent whether one measures the fi nancial sector by its share of GDP, by the quantity of fi nancial assets, by employment, or by average wages. At its peak in 2006, the fi nancial services sector
Interaction of Formal and Informal Financial Markets in Quasi-Emerging Market Economies
, 2009
"... The primary objective of this paper is to investigate the interaction of formal and informal nancial markets and their impact on economic activity in quasi-emerging market economies (QEMEs). Using a four-sector dynamic stochastic general equilib-rium (DSGE) model, we demonstrate that formal and info ..."
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The primary objective of this paper is to investigate the interaction of formal and informal nancial markets and their impact on economic activity in quasi-emerging market economies (QEMEs). Using a four-sector dynamic stochastic general equilib-rium (DSGE) model, we demonstrate that formal
Results 1 - 10
of
301
