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Financial sector development

About: Financial sector development is a research topic. Over the lifetime, 1674 publications have been published within this topic receiving 90787 citations.


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Book ChapterDOI
01 Jan 2004
TL;DR: In this article, KfW and its partners have implemented several projects to establish new microbanks and to down-scale existing banks to improve the performance of financial sectors in Southeast Europe by establishing effective financial intermediation for micro and small enterprises.
Abstract: To promote financial sector development in Southeast Europe, KfW and its partners have implemented several projects to establish new microbanks and to down-scale existing banks. These projects are designed to improve the performance of financial sectors in the region by establishing effective financial intermediation for micro and small enterprises. Effective financial intermediation can unleash the productive potential of the region’s entrepreneurs with the ultimate objectives of expanding economic opportunities, promoting economic recovery, and improving economic welfare.

1 citations

Book
01 Jan 2001
TL;DR: Kalyuzhnova et al. as mentioned in this paper developed market institutions in Transitional Economies and developed a supervisory capacity in the transition Economies with the aid of international standards.
Abstract: Dedication List of Tables and Figures Foreword List of Abbreviation Notes on the Contributors Introduction Y.Kalyuzhnova & M.Taylor Developing Market Institutions in Transitional Economies A.Shrivastava PART I: THE DEVELOPMENT OF THE BANKING SECTOR Bad Loans as Alternatives to Fiscal Transfers in Transition Economies G.Tridimas Banking Transformations in Poland K.Szymkiewicz PART II: NON-BANK REFORMS AND DEVELOPMENT OF FINANCIAL SECTOR Development of Capital Markets, Stock Exchanges and Securities Regulation in Transition Economies J.Norton & D.Arner The Romanian Accounting Reforms: Another Case of Cultural Intrusion? A.Roberts Reforming Pension System in Transitional Economies: Case Study Kazakhstan Y.Kalyuzhnova PART III: SUPERVISION AND REGULATION OF FINANCIAL MARKETS International Standards and the Transitional Economies D.Arner Building Supervisory Capacity in the Transition Economies M.Taylor Conclusion Y.Kalyuzhnova & M.Taylor Index

1 citations

Book ChapterDOI
TL;DR: Kreditanstalt fur Wiederaufbau (KfW) as mentioned in this paper conducts credit activities aimed at promoting the German economy: infrastructure financing, export and project finance, small and medium-sized enterprise financing as a second-tier institution, refinancing of venture capital companies, and many other operations.
Abstract: Kreditanstalt fur Wiederaufbau (KfW), the German ‘Reconstruction Loan Corporation’ as the original name read, primarily conducts credit activities aimed at promoting the German economy: infrastructure financing, export and project finance, small and medium-sized enterprise financing as a second-tier institution, refinancing of venture capital companies, and many other operations. Another section works for the promotion of developing and transforming economies, mostly as an implementing agency for the German Federal Government within the framework of official German Financial Cooperation, but also as an agent of the European Commission or of other individual countries. Here KfW finances projects in various economic sectors, such as energy, water supply, health, infrastructure and others. Another important field of activity is the promotion of efficient and stable financial sectors. At present, financial sector support accounts on average for roughly 10 per cent of KfW’s annual commitments.

1 citations

Journal ArticleDOI
TL;DR: The first U.S. Treasury Secretary from 1789 to 1795, Alexander Hamilton as discussed by the authors, was the first to successfully manage expectations, achieved debt service reduction, and stabilized financial panics.
Abstract: Alexander Hamilton was the first U.S. Treasury Secretary from 1789 to 1795. When he started, the Federal Government was in default. During his tenure, U.S. Treasuries became the ultimate safe asset. He successfully managed expectations, achieved debt service reduction, and stabilized financial panics. He delivered sound public finances and financial stability. In the end, the U.S. possessed a modern financial system able to finance innovation and growth. At a time when Europe is working its way out of the sovereign debt crisis and implementing Banking Union and Financial Union, it is worthwhile to search for lessons from early U.S. history.

1 citations

Journal Article
TL;DR: In this article, the authors investigate the role of institutions in the relationship between financial sector development and manufacturing exports and find that financial development strongly and robustly exerts a positive effect on manufacturing exports, even after controlling for the effects of banking crises.
Abstract: This paper aims to address the empirical question of whether a country's level of manufacturing trade is affected by its financial sector development and to investigate the role of institutions in this relationship. Countries endowed with better-developed financial systems tend to specialize in industries that rely on ex- ternal fi nance in production. This e ffect is likely to be stronger in countries with high-quality institutions. Using pure cross-sectional and panel speci fications on a sample of 75 countries over the period 1971-2010, we find that financial development strongly and robustly exerts a positive eff ect on manufacturing exports, even after controlling for the eff ect of banking crises. Furthermore, institutional quality is found to have a favorable eff ect on the extent to which finance influences manufacturing trade, suggesting a multiplicity of experiences of the largest exporters of manufactured goods.

1 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
202357
202279
202155
202093
201991
201888