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Publications (28)

Blog
Imed Drine - UNU-WIDER, 2009 - Helsinki, Finland

By Imed Drine Whilst having a global impact, the current financial and economic crisis is clearly affecting certain regions more severely than others. One region which may be amongst the worst affected is the Arab region. For some this might be surprising, given perceptions that either the...

Blog
Wim Naudé - UNU-WIDER, 2009 - Helsinki, Finland

Wim Naudé Following the US subprime mortgage crisis of 2007-2008, the world is now staggering from financial to economic crisis as many high-income economies are officially in recession. Now, having decimated Wall Street and then crippled Main Street, the financial crisis seems like a...

Blog
– Looking at the MDGs from a Different Angle?
George Mavrotas - UNU-WIDER, 2009 - Helsinki, Finland

George Mavrotas While recent years have witnessed new interest in the finance–growth nexus, the relationship between domestic resource mobilization and financial development remains relatively unexplored. However, issues related to domestic resource mobilization and financial...

Basudeb Guha-Khasnobis, George Mavrotas - Palgrave Macmillan, 2008 - Basingstoke, UK

This volume explores the various linkages between financial development, institutions, growth and poverty reduction in low-income and transition countries. It is the result of a two-year research project undertaken by UNU-WIDER, and the strong range of contributions present a significant variety of...

– Further Evidence from Panel Data Models
George Mavrotas, Sang-Ik Son - Palgrave Macmillan, 2008 - Basingstoke, UK
George Mavrotas - Palgrave Macmillan, 2008 - Basingstoke, UK

This significant and timely volume offers crucial insights into the constantly evolving debate within the international development community regarding the mobilization of domestic resources and the crucial role that financial development can and should play in this regard. This book explores...

Working Paper pdf
– An Empirical Assessment of the Indian Economy
Basudeb Guha-Khasnobis, Pranab K. Das - UNU-WIDER, 2007 - Helsinki, Finland

This study is an attempt towards an integration of financial development and its effect on the real sector via the transmission mechanism with special reference to developing and emerging market economies. It finds two cointegrating relations between the financial development, output growth and...

Working Paper pdf
Alemayehu Geda - UNU-WIDER, 2006 - Helsinki, Finland

Since 1992 Ethiopia has been engaged in liberalizing its financial sector. The hallmark of the strategy is gradualism. The approach is not without problems especially from Bretton Woods Institutions that saw the reform as a sluggish process. This study examines this liberalization program by...

Working Paper pdf
Salvatore Capasso - UNU-WIDER, 2006 - Helsinki, Finland

Since the 1990s economists have devoted considerable attention to the study of the relationship between financial markets development and economic growth. In particular, the emergence of stock markets with economic development is an intriguing and interesting aspect of such a relationship, and yet...

Working Paper pdf
– The Experience of Morocco
Mina Baliamoune-Lutz - UNU-WIDER, 2006 - Helsinki, Finland

Using a vector error-correction model, I explore the short-run dynamics and long-run linkages between financial reform and the mobilization of domestic saving in Morocco. In the short run, financial depth (volume of intermediation) is shown to have a positive influence on private saving, while...

Working Paper pdf
– A Risk-Cost Configuration Approach
Machiko Nissanke, Ernest Aryeetey - UNU-WIDER, 2006 - Helsinki, Finland

The paper examines the source of financial market fragmentation in sub-Saharan Africa in the framework of institutional economics. Based on fieldwork data from Ghana, Malawi, Nigeria, and Tanzania, it analyses financial risk management, the transaction costs for loan screening and monitoring, and...

Working Paper pdf
– Empirical Evidence from a Private Bank in Vietnam
Thi Thu Tra Pham, Robert Lensink - UNU-WIDER, 2006 - Helsinki, Finland

This paper deals with loan contracting from a private bank in Vietnam. We focus on the main loan contract features that the bank uses in lending to business firms, namely loan maturity, collateral and loan interest rate. Based upon the simultaneous equation model of Dennis et al. (2000) and the...

Working Paper pdf
– The Chinese Experience
Iftekhar Hasan, Mingming Zhou - UNU-WIDER, 2006 - Helsinki, Finland

This paper documents the financial and institutional developments of China during the past two decades, when China was successfully transformed from a rigid central-planning economy to a dynamic market economy following its unique path. We empirically examine the relationship between financial...

Working Paper pdf
Panicos O. Demetriades, Bassam Fattouh - UNU-WIDER, 2006 - Helsinki, Finland

We provide a novel empirical analysis of the South Korean credit market that reveals large volumes of excess credit since the late 1970s, indicating that a sizeable proportion of total credit was being used to refinance unprofitable projects. Our findings are consistent with theoretical literature...

Working Paper pdf
– A Household Level Analysis
Alemayehu Geda, Abebe Shimeles, Daniel Zerfu Gurara - UNU-WIDER, 2006 - Helsinki, Finland

In this paper, using the rich household panel data of urban and rural Ethiopia that covers the period from 1994 to 2000, we attempted to establish the link between finance and poverty in Ethiopia. Our results show that access to finance is an important factor in consumption smoothing and hence...

Working Paper pdf
– A Firm-Level Panel Study for India
Basudeb Guha-Khasnobis, Saibal Kar - UNU-WIDER, 2006 - Helsinki, Finland

Traditionally, firms in India have shown a low preference towards debt financing, despite its advantages. Using panel data from 450 firms during 1992-93 and 2003-04, we attempt to identify factors which could explain the pattern of financing of manufacturing firms in India and the key determinants...

Displaying 16 of 28 results.