... financialdevelopment variable, KALIB is the capitalaccountliberalization variable, and X is a set of control variables, including regional and time dummies. Their measures of financialdevelopment ... 1-48. Klein, Michael and Giovanni Olivei (2001), CapitalAccount Liberalization, Financial Depth and Economic Growth,” mimeo (Medford, MA: Tufts). Kletzer, Kenneth and Ashoka Mody (2000), ... indicators ([6] and [7]) and for stock market capitalization (and marginally for stock market value traded). For all of these indicators of financial development, the estimate for financial openness...
... that financialliberalization mobilizes savings and allocates capital to more productive uses, both of which help increase the amount of physical capitaland its productivity. Financial liberalization, ... main financial indicator and economic growth has been accounted for, there is no longer any evidence to suggest that financialdevelopment helps predict future growth. Furthermore, the cross ... and Jovanovic, B. (1990), Financial Development, Growth and the Distribution of Income”, Journal of Political Economy, 98, 1076-1108. Honohan, P. (2004), Financial Development, Growth and...
... banking, and branching restrictions. 73Chapter 4: Assessing Financial Structure andFinancial Development 1IHGFEDCBA12111098765432 development dimension. Notwithstanding ... http://www.imf.org/external/np/mae/pdebt/2000/eng/index.htm. 93Chapter 4: Assessing Financial Structure andFinancial Development 1IHGFEDCBA12111098765432The structure of cross- ownership among financialinstitutions also matters ... Financial Structure andDevelopment AssessmentThe measures chosen as quantitative indicators for financial structure anddevelopment assessment will naturally include basic indicators of financial...
... Aftermath of the Liberalization ofthe Financial System and the Capital Account Financial sector liberalizationand the opening of the capitalaccount changed thebusiness of banking in Thailand. For ... requirements.Source: Bank of Thailand, FinancialInstitutionsand Markets in Thailand, 1998.3. ConclusionsPrivate capital flows validated and exacerbated the domestic macro cycle in Thailand, and despite efforts ... below)—but also by loose financial accounting and disclosure. Furthermore, the role of a limited number of families in the ownership ofboth financialand nonfinancial institutions limited the...
... Human Capitaland the Development of Financial Institutions: Evidence from ThailandAnna Paulson*Federal Reserve Bank of ChicagoDecember 2002AbstractVillage banks and other financialinstitutions ... the financial contracts offered by village banks and the education of the people who run the financial institution and the institution’scustomers using data on village financialinstitutionsand ... local financial institutions, 262 borrowing groups ofthe BAAC and soil samples from 1880 agricultural plots. This paper uses data from thehousehold surveys and the surveys of financial institutions. The...
... bankrelationships and reduce the costs of financial transactions (e.g., information disclosure and accounting rules, legal and institutional arrangements for contract enforcement and investorprotection, ... infrastructure rated accordingto accounting standards used, types of legal system, and judicial system efficiency. Rajan and Zingales also find that financial infrastructural development has almost twice ... rent-extraction from borrowers, and leadsagents to adopt more rewarding risk-sharing financialinstitutionsand instruments.Asset utilityIn the model of this study, money andfinancial assets act as...
... legalframework, strong accounting and disclosure standards, and efficient and reliable clearing and settlement arrangements. It is also useful to have a community of bond analysts and ratingsagencies ... sharing, and pricing risks. An efficient financial sector reduces the cost and risk of producing and trading goods and services, and thus makes an important contribution toraising standards of ... Goldsmith (1965) and the insights of Shaw (1973) and McKinnon (1973), the more recent work exams the role of financialinstitutionsand financial markets in corporate governance and the consequent...
... accounted for above, it seems that transmission of basic skills and knowledge remains the main mission. However, and as the account shows, the development of the school has been ambiguous and ... diverse institutions. Dahlberg and Lenz Taguchi (1994) account for different constructions and conceptualizations of the child that guide the work in the school and the child care institutions, ... and school meals 1 1 Introduction Does integration of school and child care institutions possess a potential for transformation of the pedagogy1 in school and how might the vision and...
... and requirements would help materialize economic andcapital market development effectively. Equitization is the very first step for economic development in general and for capital market development ... holdings and tax holidays for listed companies. 50 To review and analyze the situation of the financial sector and its regulation in terms of the level of financial activity and the mix of financial ... future environment surrounding the countryand its financial sector; To identify the financial sector’s strengths and weaknesses as well as opportunities and risks to it in the future environment;...
... promoting both financial inclusion andfinancial development, the more likely it will be that financialdevelopment will be broad-based and inclusive and that such financial development will ... Inclusive financialdevelopmentand poverty reduction …………………………….……… 4.2 Inclusive financialdevelopmentand achieving universal primary education………….… 4.3 Inclusive financialdevelopmentand improving ... (1969). Financial Structure and Development, New Haven/London: Yale University Press. Holden, P. and V. Prokopenko (2001). FinancialDevelopmentand Poverty Alleviation: Issues and Policy...
... the copyright owner. Further reproduction prohibited without permission. Financial developmentand economic growth: Views and agendaRoss LevineJournal of Economic Literature; Jun 1997; 35, 2;...
... of Science, Natural Sciences and Technology 28, No. 3S (2012) 57-62 57 Long-term sediment distribution calculation taking into account sea level rise and the development of Day estuary Nguyen ... year. The issue of sediment transport and changes in morphology of rivers, estuaries and coastal areas is still a difficult problem both in theory and practice. This study applied the MIKE ... to analyze trend of accretion and erosion as well as marine-continental interactions in the Day estuary. However, this study only considered and analysed trends and changes of coastlines in...
... Akyüz and Andrew Cornford Capital flows to developing countries and the reform of the international financial system 142 Nov. 1999 Jean-Franỗois Outreville Financial development, human capital ... and Evidence. In: Bank of Canada, ed. Price Adjustment and Monetary Policy, Ottawa, 347–371. Diaz-Alejandro C (1985). Good-bye Financial Repression, Hello Financial Crash. In: Journal of Development ... Assistant, Macroeconomic and Development Policies Branch (MDPB), Division on Globalization andDevelopment Strategies (DGDS), United Nations Conference on Trade andDevelopment (UNCTAD), Palais...
... substantial progress in capital market development. The menu of available financial instruments has been expanded, market infrastructure has been reformed and strengthened, and a diversified investor ... and EnergyCommunicationConsumersFinancialsIndustrial and TechUtilitiesOthersBrazil14.110.835.313.121.64.80.1Materials and EnergyCommunicationConsumersFinancialsIndustrial and ... TechUtilitiesOthersUS17.53.238.67.726.83.82.3Materials and EnergyCommunicationConsumersFinancialsIndustrial and TechUtilitiesOthersChina11.81.835.218.729.23.3Materials and EnergyCommunicationConsumersFinancialsIndustrial and...
... NOTICE TO BANKS, NON-BANK FINANCIAL INSTITUTIONS AND THE GENERAL PUBLIC NOTICE NO. BG/GOV/SEC/2011/04 OPERATING RULES AND GUIDELINES FOR MICROFINANCE INSTITUTIONS In pursuance of ... public and for compliance by all individuals and entities operating in the microfinance sub-sector. For the avoidance of doubt, Rural and Community Banks (RCBs), Savings and Loans Companies and ... the Banking Act, 2004 as amended and the Non-bank FinancialInstitutions Act. Except where expressly exempted in writing by the Bank of Ghana, persons and or institutions undertaking such activity...