Economic growth and the stability and efficiency of the financial sector

Bléjer, Mario I.

doi:10.1016/j.jbankfin.2006.06.001

Cited by 43 publications

(32 citation statements)

References 6 publications

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“…Australian banks on the other hand, relied more on intermediation than on securitisation (Hawtrey, 2009). In fact, less than 10% of bank funding was from securitisation between 2006(RBA, 2010. Australian banks had a more conservative and controlled approach to banking because risks were better monitored.…”

Section: Discussion Of Resultsmentioning

confidence: 99%

“…Australian banks had a 0.2% non-performing loans to total loans between 2004-2007, rising to 0.8% in 2008and 1.1% in 2010. UK banks hovered at 1% between 2002-2006, rising to 1.6% in 2009and 3.3% in 2010(IMF, 2010. Better quality of assets is thus important to absorb losses.…”

Section: Diagram 2: Share Of Uk Mortgages Securitised By Uk Banks Vermentioning

confidence: 99%

“…This phenomenon supports Blejer's research in 2006 that efficient financial systems are better insulated from externalities. (Blejer, 2006) ROA is a more accurate measure of productivity since it takes debt into account. ROA is flat in the UK whilst ROE increased during the financial crisis due to higher leverage ratios.…”

Section: Diagram 3: Core Tier 1 Ratios Of Major Uk Banksmentioning

confidence: 99%

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Macro and Micro Prudential Regulatory Failures Amongst Financial Institutions in the United Kingdom: Lessons from Australia

Lui

2010

SSRN Journal

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Findings -The author's data show UK banks had on average higher cash ratios, higher leverage ratios, higher loan to deposit ratios, higher capital ratios, lower asset quality, lower ROA but higher ROE than the Australian banks.Research implications-The results support the findings in the Financial Development Index 2011 of the World Economic Forum. UK banks should ameliorate its ranking on financial stability by improving the quality of loans and capital.Practical implications-The analysis is of use to regulators who are contemplating the need for reforms aimed at improving financial ratios of banks. Basel III Accord has introduced some recommendations but has its limitations.Originality/value -This paper's value lies in providing analysis of the top four UK and Australian banks' performances during [2004][2005][2006][2007][2008][2009]. There is room for improvement in providing a more stable financial environment in the UK.Paper type: Research paper

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Section: Discussion Of Resultsmentioning

confidence: 99%

Section: Diagram 2: Share Of Uk Mortgages Securitised By Uk Banks Vermentioning

confidence: 99%

Section: Diagram 3: Core Tier 1 Ratios Of Major Uk Banksmentioning

confidence: 99%

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Macro and Micro Prudential Regulatory Failures Amongst Financial Institutions in the United Kingdom: Lessons from Australia

Lui

2010

SSRN Journal

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“…In developing countries, this interest has been fueled by the reappearance of huge private capital inflows since the early 1990s, through a process of rapid financial sector liberalization (Blejer 2006;Bordo and Meissner 2006;Eller et al 2006).…”

Section: Introductionmentioning

confidence: 99%

Private Capital Flows to Low‐income Countries: The Role of Domestic Financial Sector

Choong

Lam

Yusop

2010

Journal of Business Economics and Management

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Abstract.The relationship between private capital flows and growth has been examined extensively in the literature, yet numerous controversies still remain. The study examines the relationships among private capital flows (foreign direct investment, portfolio investment and foreign debt), financial development and economic performance in a sample of 16 low-income developing countries over the period 1988-2006, by employing generalized method of moments (GMM) panel data analysis. We find that private capital flows have a positive impact on growth in low-income countries with well-developed financial sector but have a negative effect in the presence of poor financial sector development. Well-developed financial sectors are ones that are themselves crucial for economic growth. Our results indicate that private capital flows would be more effective if they were more systematically conditional on well-developed financial systems.

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“…Demos, 2006;Racanelli, 2006) and in international monetary policy (e.g. Blejer, 2006;Pasiouras, Gaganis & Zopounidis, 2006), there is a growing interest in emerging market consumers. Believers in the 'base of the pyramid' (hereafter BOTP) concept (e.g.…”

Section: Introductionmentioning

confidence: 99%

Business Development in Emerging Markets: The Impact on spending behaviour of elderly caregivers of family members with HIV/AIDS in SA

Klemz

Boshoff

Mazibuko

2010

SAJEMS

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Business development in emerging markets, known as the 'base of the pyramid', is not without financial risk, and a key concern in South African communities are the costs associated with HIV/AIDS. Due to the enormous demand for healthcare, many governments have opted for home-based care systems. Caregivers are mainly older women and their financial survival is critically important. We found that as the patient's illness progressed: 1) the cultural norm ubuntu led the caregiver to increase spending on the patient and a decreased spending on themselves and 2) the social pressure of stigma led to a very dramatic drop in direct interpersonal assistance to the patient and an increase in spending on themselves. Their resulting coping strategies and implications for economic development are discussed.

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Economic growth and the stability and efficiency of the financial sector

Cited by 43 publications

References 6 publications

Macro and Micro Prudential Regulatory Failures Amongst Financial Institutions in the United Kingdom: Lessons from Australia

Macro and Micro Prudential Regulatory Failures Amongst Financial Institutions in the United Kingdom: Lessons from Australia

Private Capital Flows to Low‐income Countries: The Role of Domestic Financial Sector

Business Development in Emerging Markets: The Impact on spending behaviour of elderly caregivers of family members with HIV/AIDS in SA

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