Financial liberalization, financial sector development

... measure of financial development. As an alternative measure, bank credit to the private sector is often argued to be a more superior measure of financial development. Since the private sector is ... measuring financial development. This justifies the need to construct an index as a single measure that represents the overall development in the financial sector by taking the...

Ngày tải lên: 24/08/2014, 12:16

Ngày tải lên: 23/02/2014, 11:20

Ngày tải lên: 17/03/2014, 17:20

... between financial development and financial liberalization, but weak correlations between financial development and growth in their panel data and take this to indicate that choosing financial ... define financial development and growth. They end up using four indicators for both. For financial liberalization, they take the ratio of the size of the formal financial i...

Ngày tải lên: 24/10/2012, 09:11

... between financial assets held in the financial system and credit given by the banking sector to the private sector. This, however, might be explained by the fact that credit given to the private sector ... two major components: private financial saving which comprise the portion of private saving that is kept in the form of financial assets in the formal financial sector (F...

Ngày tải lên: 17/12/2013, 05:15

... growth and overall economic development is complex, the basic issue of fi nancing for development is really a question of mobilizing or creating real resources. In the old development literature, ... overcome. By and large, the fi nancial sector was seen as adjusting to the requirements of the real sector. In the brave new world, however, when the fi nancial sector is increasingly...

Ngày tải lên: 23/12/2013, 13:15

Ngày tải lên: 20/01/2014, 19:20

... to experience a financial sector crisis after financial sector liberalization. Indeed, many financial liberalization episodes in the past have led to a lending boom, increased financial fragility, ... between financial and nonfinancial entities. In addition, incentives for market oversight were reduced because depositors were bailed out in the last financial sector crisis. O...

Ngày tải lên: 27/01/2014, 11:20

... characteristics of the 29 sectors in 1980. We thus obtain the following tabulation (see Appendix Table 1 for identification of the ISIC codes). Open sectors Inward-Looking Sectors Competitive Sectors 312, ... interaction term, Q 1 /Q 2 is weighted by sectoral labor share and is subtracted from the output share of that particular sector. By multiplying this magnitude with the sectoral employ...

Ngày tải lên: 15/03/2014, 19:20