Mother, Can I Trust the Government? Sustained Financial Deepening - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Mother, Can I Trust the Government? Sustained Financial Deepening write by Ms.Genevieve Verdier. This book was released on 2010-09-01. Mother, Can I Trust the Government? Sustained Financial Deepening available in PDF, EPUB and Kindle. Only a minority of countries have succeeded in establishing a developed financial system, despite widespread financial liberalization. Confronted with this finding, the political institutions view claims that sustained financial deepening is most likely to take place in institutional environments where governments effectively impose constraints on their own powers in order to create trust. This paper identifies over 200 post-1960 episodes of accelerations in financial development in a large cross-section of countries. We find that the likelihood of an acceleration leading to sustained financial development increases greatly in environments that have high-quality political institutions.
Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe
Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe write by Mr.Adolfo Barajas. This book was released on 2013-03-28. Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe available in PDF, EPUB and Kindle. This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and macroeconomic factors that impact financial system deepening. We operationalize this framework using a benchmarking exercise, which relates the difference between the actual level of financial development and the level predicted by structural characteristics, to an array of policy variables. We also show that an overshooting of the financial system significantly beyond levels predicted by its structural fundamentals is associated with credit booms and busts.
Fragile by Design
Fragile by Design - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fragile by Design write by Charles W. Calomiris. This book was released on 2015-08-04. Fragile by Design available in PDF, EPUB and Kindle. Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.
Understanding Long-Run Economic Growth
Understanding Long-Run Economic Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Understanding Long-Run Economic Growth write by Dora L. Costa. This book was released on 2011-10. Understanding Long-Run Economic Growth available in PDF, EPUB and Kindle. The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.
The Oxford Handbook of Capitalism
The Oxford Handbook of Capitalism - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Oxford Handbook of Capitalism write by Dennis C. Mueller. This book was released on 2012-04-19. The Oxford Handbook of Capitalism available in PDF, EPUB and Kindle. The financial crisis that began in 2008 and its lingering aftermath have caused many intellectuals and politicians to question the virtues of capitalist systems. The 19 original essays in this Handbook, written by leading scholars from Asia, North America, and Europe, analyze both the strengths and weaknesses of capitalist systems. The volume opens with essays on the historical and legal origins of capitalism. These are followed by chapters describing the nature, institutions, and advantages of capitalism: entrepreneurship, innovation, property rights, contracts, capital markets, and the modern corporation. The next set of chapters discusses the problems that can arise in capitalist systems including monopoly, principal agent problems, financial bubbles, excessive managerial compensation, and empire building through wealth-destroying mergers. Two subsequent essays examine in detail the properties of the "Asian model" of capitalism as exemplified by Japan and South Korea, and capitalist systems where ownership and control are largely separated as in the United States and United Kingdom. The handbook concludes with an essay on capitalism in the 21st century by Nobel Prize winner Edmund Phelps.
