Showing papers in "Review of Development Finance in 2018"

TL;DR: In this paper, the authors employ a large panel of countries, several indicators of financial inclusion and a comprehensive set of bank competition measures to study the role of banking system structure as a determinant of cross-country variability in financial outreach for households.

TL;DR: This paper investigated the impact of Chinese foreign direct investment (FDI) on economic performance in Africa, which they compared to that of the traditional economic partners of African countries, including the U.S., France, and Germany.

TL;DR: In this article, the effects of institutional quality, inward FDI, trade openness, and their interaction on the domestic credit equilibrium in 33 emerging economies between 2002 and 2015 were investigated through two system-GMM estimators, and they showed that inward FDIs have a booming effect on domestic credit in emerging market economies while the trade openness exhibits a crowding-out effects.

TL;DR: This article investigated the macroeconomic determinants of credit risk in the banking system of 22 Sub-Saharan African economies and found that an increase in real GDP growth rate has a statistically and economically significant reducing effect on the ratio of non-performing loans to total gross loans.

TL;DR: This paper explored the drivers of secondary market yields of Sub-Saharan African (SSA) sovereign Eurobonds from 2008 to mid-2017 and found no significant effect of bond-specific factors on yields when push and pull factors are accounted for.

TL;DR: In this article, the authors investigated the relationship between loan sizes and credit risk in the micro finance industry and found that credit risk is positively related to loan sizes among micro finance institutions operating in sub-Saharan Africa.

TL;DR: The authors used fractional integration and cointegration for the period of January 2000-June 2018 to investigate the stochastic properties of the bilateral linkages between stock markets in Africa and selected international markets.

TL;DR: In this paper, the relationship of economic growth and financial development as determinants of NLI premium consumption was analyzed using data from a highly volatile economic environment, which revealed a positive relationship among economic growth, credit, and the NLI market in Brazil.

TL;DR: In this article, the authors analyzed the effects of non-mandatory premium listing on cash holdings in Brazilian public companies and found that the issuance of only voting shares reduces agency costs and managerial entrenchment, and consequently reduces the expropriation of the cash holdings, given its vulnerability.

TL;DR: In this article, a characterization of the Association of the South East Asian Nations (ASEAN) banking system's competition under the new environment that the implementation of the Financial Integration Framework (AFIF) implies is provided.

TL;DR: In this paper, the authors used the DCC-MIDAS model to infer the association between oil and equities in five MENA countries between February 2006 and April 2017, and found that short term association occasionally breaks from the longer-term correlation particularly in Egypt and Turkey.

TL;DR: This paper studied the relationship between financial development and intergenerational mobility, focusing on human capital investments boosted by financial deepening and found that financial development is related to structural mobility but not to exchange mobility.

TL;DR: In this article, the authors developed a method based on an automated trading system (ATS) applied to the Brazilian stock market, and investigated the relevance of small caps to the investor.