Financial flows and the developing countries: a World Bank quarterly
ISSN: 1020-0975
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ISSN: 1020-0975
In: Africa research bulletin. Economic, financial and technical series, Band 50, Heft 12, S. 20242C-20242C
ISSN: 1467-6346
In: Better Policies for Development, S. 30-32
In: KAS international reports, Band 31, Heft 9, S. 42-59
Das Phänomen der Illicit Financial Flows hat in den vergangenen Jahren vor allem in der Diskussion um die Finanzierung von Entwicklungszusammenarbeit verstärkt Beachtung gefunden. Investoren wie auch Entwicklungsländer haben die Gefahren und Nebenwirkungen erkannt, die sich nicht nur auf finanzielle Verluste für den betroffenen Staat beschränken, sondern auch dessen Staatlichkeit insgesamt infrage stellen. (KAS-Auslandsinformationen / SWP)
World Affairs Online
In: Africa research bulletin. Economic, financial and technical series, Band 49, Heft 2
ISSN: 1467-6346
In: Africa research bulletin. Economic, financial and technical series, Band 46, Heft 1
ISSN: 1467-6346
In: Conflict and Fragility; Fragile States, S. 41-86
In: Integrity Watch Afghanistan, 2015
SSRN
In: Journal of economic studies, Band 46, Heft 3, S. 727-747
ISSN: 1758-7387
Purpose
The purpose of this paper is to analyze the financial friction effect of non-performing loans (NPLs) on financial intermediation (FI) through empirical evidence from the Brazilian experience.
Design/methodology/approach
The authors develop a new variable, financial intermediation flow and a new indicator, FI, both measures of FI. To empirically test FI, the authors use a dynamic panel data framework that draws on 101 banks (December 2000 to December 2015).
Findings
An increase in NPL reduces FI. Thus, NPL amplifies financial friction in FI. This result holds in different time frames, such as the pre-crisis period, the crisis period and the post-crisis period.
Practical implications
The FI measure developed in this study offers the policymakers a possibility to monitor financial stability.
Originality/value
This study adds to this debate by proposing a measure of FI derived from financial flows. This measure allows one to estimate the role of NPL as a financial friction that can pose a threat to financial stability.
In: Africa research bulletin. Economic, financial and technical series, Band 58, Heft 5
ISSN: 1467-6346
In: Advanced Studies in Theoretical and Applied Econometrics; Macroeconometric Models, S. 371-381
In: The Economic Journal, Band 103, Heft 418, S. 666
SSRN
In: Capital Flight from Africa, S. 277-300
In: Behavioral sciences of terrorism & political aggression, Band 13, Heft 3, S. 197-214
ISSN: 1943-4480