Banking Sector Openness And Economic Growth

Banking sector openness may directly affect growth by improving the access to financial services and indirectly by improving the efficiency of financial intermediaries, both of which reduce the cost of financing, and in turn, stimulate capital accumulation and economic growth. The objective of the p...

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Bibliographic Details
Main Author: Bayraktar, Nihal
Other Authors: Wang, Yan
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2006
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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100 1 |a Bayraktar, Nihal 
245 0 0 |a Banking Sector Openness And Economic Growth  |h Elektronische Ressource  |c Bayraktar, Nihal 
260 |a Washington, D.C  |b The World Bank  |c 2006 
300 |a 32 p. 
653 |a Financial Services 
653 |a Macroeconomics and Economic Growth 
653 |a Financial Intermediation 
653 |a Financial Literacy 
653 |a Currencies and Exchange Rates 
653 |a Pro-Poor Growth 
653 |a Financial Integration 
653 |a Social Protections and Labor 
653 |a Emerging Markets 
653 |a Foreign Banks 
653 |a Poverty Reduction 
653 |a Banking Services 
653 |a Accounting 
653 |a Auditing 
653 |a Debt Markets 
653 |a Private Sector Development 
653 |a Finance and Financial Sector Development 
653 |a Banking 
653 |a Financial Markets 
653 |a Economic Theory and Research 
653 |a Capital 
653 |a Banks and Banking Reform 
653 |a Borrowing 
653 |a Banking Sector 
653 |a Labor Pollution 
653 |a Bank 
700 1 |a Bayraktar, Nihal 
700 1 |a Wang, Yan 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
856 4 0 |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4019  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a Banking sector openness may directly affect growth by improving the access to financial services and indirectly by improving the efficiency of financial intermediaries, both of which reduce the cost of financing, and in turn, stimulate capital accumulation and economic growth. The objective of the paper is to empirically reinvestigate these direct and indirect links using a more advanced econometric technique (GMM dynamic panel estimators). An illustrative model is presented to link financial market development with investment. The empirical results confirm the presence of direct and indirect links, and thus provide support for countries planning to open their banking sector for international competition