Banking on fewer children: financial intermediation, fertility and economic development.

Long-term and Short-term Effects of Financial Intermediation on Economic Growth

Financial intermediation in Iran's banking system is negatively affected at least in two ways. First, there are many similarities between financial intermediation and usurious activities in the common interpretation of interest-free banking law. This encourages the banks to participate in various commercial activities. Second, the price setting policies of the central bank makes investment more...

The Role of Banking Sector Policies in Financial Development: The Case of Iran

The paper aims to investigate empirically the effects of several types of financial restraints on financial development for the case of the Iran. Two hypotheses addressed and discussed in the context of the McKinnon/Shaw and the monopoly bank model. A conditional co-integration model has been employed to carry out the empirical investigations. The long and short-run analysis show that fin...

The Importance of Financial Intermediation in Sustaining Economic Growth and Development: the Banking Sector Review

Why Does Financial Development Matter? the United States from 1900 to 1940

There is a substantial body of literature arguing that financial development (the growth of banking and financial intermediation) contributes to economic growth. This paper makes two contributions to this literature. First, drawing on the banking history literature, we use data on state bank-branching and deposit-insurance regulation as a source of plausibly exogenous variation in financial dev...

The Impact of Macro-prudential policies on the Vulnerability of the Banking System: Dynamic Panel Model

In the aftermath of the global financial crisis (2007-2009), policymakers in the developing countries and emerging economies have generally relied on macroprudential policies to achieve financial stability. Since the banking systemchr('39')s vulnerability plays an essential role in financial instability, and the banking systemchr('39')s stability is exposed to vulnerability, we examine macropru...