Financial Structures and Economic Outcomes : An Empirical Analysis /

This paper investigates the potential relationships between financial structures and economic outcomes. The empirical results that withstand a battery of methods suggest that some financial intermediation structures are likely to be more closely related to positive economic outcomes than others. For...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Gole, Tom
Kolejni autorzy: Sun, Tao
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2013.
Seria:IMF Working Papers; Working Paper ; No. 2013/121
Dostęp online:Full text available on IMF
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245 1 0 |a Financial Structures and Economic Outcomes :   |b An Empirical Analysis /  |c Tom Gole, Tao Sun. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (29 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper investigates the potential relationships between financial structures and economic outcomes. The empirical results that withstand a battery of methods suggest that some financial intermediation structures are likely to be more closely related to positive economic outcomes than others. For instance, protective financial buffers within institutions have been associated with better economic performance, and a domestic financial system that is dominated by some types of nontraditional bank intermediation or that has a high proportion of foreign banks has in some cases been associated with adverse economic outcomes, especially during the financial crisis. The results also suggest that there may be trade-offs between beneficial effects on growth and stability of some financial structures. For example, the positive association of financial buffers with growth can diminish above a certain, relatively high, threshold-a too-safe system may limit the available funds for credit and hence growth. 
538 |a Mode of access: Internet 
700 1 |a Sun, Tao. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/121 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/121/001.2013.issue-121-en.xml  |z IMF e-Library