کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5063316 1372217 2012 22 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Financial sector development and access to finance. Does size say it all?
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Financial sector development and access to finance. Does size say it all?
چکیده انگلیسی

This paper analyzes what features of financial systems can strengthen the linkages between banks and economic development. We investigate whether a set of banking and capital market characteristics can improve the ability of banks to provide increased credit flows to the private sector, while simultaneously improving financial inclusion for the poor. We analyze the determinants of both macro-level lending conditions and micro-level access to finance using a set of Panel Vector Error Correction Models and GMM estimations in a panel of 138 countries for the 2002-2009 time periods. Results converge to suggest that rather than focusing solely on banking sector size, financial policy should seek to foster inter banks competition, develop appropriate macro-prudential safeguards, promote capital market development. In addition, improved access to finance requires adequate civil rights and support to entrepreneurship.

► Banking and capital market characteristics can affect lending and access to finance. ► We estimate a set of PVEC and GMM estimations for 138 countries from 2002-2009. ► Developing financial sector size is not enough. ► Banking competition, regulations, civil rights and entrepreneurship support matter.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Emerging Markets Review - Volume 13, Issue 3, September 2012, Pages 316-337
نویسندگان
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