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Financial Indicators and Financial Change in Africa and Asia

Financial Indicators and Financial Change in Africa and Asia »

Source: Financial Indicators and Financial Change in Africa and Asia

Volume/Issue: 1995/123

Series: IMF Working Papers

Author(s): Huw Pill , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

ISBN: 9781451854558

Keywords: financial liberalization, financial sector development, financial sector, financial system, financial deepening

Deregulation of the financial system often proceeds in tandem with macroeconomic stabilization centered on monetary and other financial targets. This paper presents a model where there may be conflict between these...

Welfare Gains from Financial Liberalization

Welfare Gains from Financial Liberalization »

Source: Welfare Gains from Financial Liberalization

Volume/Issue: 2007/154

Series: IMF Working Papers

Author(s): Kenichi Ueda , and Robert Townsend

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867183

Keywords: financial liberalization, welfare gain, financial deepening, gdp growth, financial system, growth rate,

Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we find sizable welfare gains, 1 to 28 percent of permanent consum...

Sudden Stops, Output Drops, and Credit Collapses

Sudden Stops, Output Drops, and Credit Collapses »

Source: Sudden Stops, Output Drops, and Credit Collapses

Volume/Issue: 2010/176

Series: IMF Working Papers

Author(s): Jihad Dagher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

ISBN: 9781455201877

Keywords: Financial liberalization, welfare gain, financial deepening, small firms, debt, investment, dividends, interest, Financial Institutions and Services: Government Policy and Regulation,

This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial f...

Future of Asia’s Finance

Future of Asia’s Finance »

Source: Future of Asia's Finance : How Can it Meet Challenges of Demographic Change and Infrastructure Needs?

Volume/Issue: 2014/126

Series: IMF Working Papers

Author(s): Ding Ding , Waikei Lam , and Shanaka Peiris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2014

ISBN: 9781498321082

Keywords: Demographic change, infrastructure financing, financial deepening, financial integration, capital and financial flows, bond, financial markets, financial sector development, bonds, Models with Panel Data

There is a role for Asia's financial sector to play to address the challenges associated with the region's changing demographics and infrastructure investment needs. Enhancing financial innovation and integration i...

Rethinking Financial Deepening: Stability and Growth in Emerging Markets

Rethinking Financial Deepening: Stability and Growth in Emerging Markets »

Source: Rethinking Financial Deepening : Stability and Growth in Emerging Markets

Volume/Issue: 2015/8

Series: Staff Discussion Notes

Author(s): Ratna Sahay , Martin Cihak , Papa N'Diaye , Adolfo Barajas , Diana Ayala Pena , Ran Bi , Yuan Gao , Annette Kyobe , Lam Nguyen , Christian Saborowski , Katsiaryna Svirydzenka , and Reza Yousefi

Publisher: Bank of Communications/New Finance

Publication Date: 04 May 2015

Language: Chinese

ISBN: 9781513533308

Keywords: Economic growth, Emerging markets, Financial stability, financial development, financial deepening, financial inclusion, finance, General, Government Policy and Regulation, Estabilidad financiera; Crecimiento económico; Desarrollo del mercado de capitales; Acceso a los mercados de capitales; Mercados emergentes

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn f...

Rethinking Financial Deepening

Rethinking Financial Deepening »

Source: Rethinking Financial Deepening : Stability and Growth in Emerging Markets

Volume/Issue: 2015/8

Series: Staff Discussion Notes

Author(s): Ratna Sahay , Martin Cihak , Papa N'Diaye , Adolfo Barajas , Diana Ayala Pena , Ran Bi , Yuan Gao , Annette Kyobe , Lam Nguyen , Christian Saborowski , Katsiaryna Svirydzenka , and Reza Yousefi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 May 2015

ISBN: 9781498312615

Keywords: Economic growth, Emerging markets, Financial stability, financial development, financial deepening, financial inclusion, finance, General, Government Policy and Regulation, Estabilidad financiera; Crecimiento económico; Desarrollo del mercado de capitales; Acceso a los mercados de capitales; Mercados emergentes

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn f...

The Quality Effect

The Quality Effect »

Source: The Quality Effect : Does Financial Liberalization Improve the Allocation of Capital?

Volume/Issue: 2004/112

Series: IMF Working Papers

Author(s): Abdul Abiad , Nienke Oomes , and Kenichi Ueda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451853636

Keywords: Tobin&;amp;#x2019;s Q, financial liberalization, allocative efficiency, inequality, stock market, financial deepening, stock market turnover, stock market capitalization, Financial Markets and the Macroeconomy, General Financial Markets: Government Policy and Regulation,

The study documents evidence of a "quality effect" of financial liberalization on allocative efficiency, which is measured by the dispersion in Tobin's Q across firms. Based on a simple model, the authors predict t...

Transitional Growth with Increasing Inequality and Financial Deepening

Transitional Growth with Increasing Inequality and Financial Deepening »

Source: Transitional Growth with Increasing Inequality and Financial Deepening

Volume/Issue: 2001/108

Series: IMF Working Papers

Author(s): Kenichi Ueda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

ISBN: 9781451853100

Keywords: Transitional growth, inequality, financial deepening, transaction costs, equation, financial system, confidence interval, financial sector, survey, Financial Institutions and Services: Government Policy and Regulation

We study models that display growth with financial deepening and increasing inequality along the way to perpetual steady state growth. A benchmark model is essentially a complete markets model but with transaction...

Financial Deepening, Inequality, and Growth

Financial Deepening, Inequality, and Growth »

Source: Financial Deepening, Inequality, and Growth : A Model-Based Quantitative Evaluation

Volume/Issue: 2003/193

Series: IMF Working Papers

Author(s): Robert Townsend , and Kenichi Ueda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2003

ISBN: 9781451859836

Keywords: Financial deepening, inequality, growth, transitional dynamics, growth rate, equation, gdp growth, law of large numbers, gdp growth rate, Model Evaluation and Selection

We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how...

Financial Indicators and Financial Change in Africa and Asia

Financial Indicators and Financial Change in Africa and Asia »

Volume/Issue: 1995/123

Series: IMF Working Papers

Author(s): Huw Pill , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

DOI: http://dx.doi.org/10.5089/9781451854558.001

ISBN: 9781451854558

Keywords: financial liberalization, financial sector development, financial sector, financial system, financial deepening

Deregulation of the financial system often proceeds in tandem with macroeconomic stabilization centered on monetary and other financial targets. This paper presents a model where there may be conflict between these...