systemic risk is the risk of collapse in the financial system. due to the financial crisis that hit the world economy in 2008, the study of systemic risk in the banking sector became more attractive for researchers. in this research we study systemic risk in the iranian banking sector by using a famous systemic risk measure, the ∆covar. to compute the measure, we employ dynamic conditional corr...

this paper uses a multivariate garch model to simultaneously estimate the mean and conditional variance using daily returns among different tehran sector indexes from tir 1386 to tir 1391. since different financial assets are traded based on these sector indexes, it is important for financial market participants to understand the volatility transmission mechanism over time and across sectors in...

This piece argues that by intermediating society’s savings and allocating them to their best uses, financial systems have a critical function for economies’ growth. However, financial sectors can also be a source of fragility. Critically, recent policy approaches towards the financial sector have focused more on the size of the sector rather than its intermediating function, which might have le...

Purpose This paper aims to examine whether high levels of financial inclusion is associated with greater risk. Design/methodology/approach The study uses regression methodology estimate the effect on Findings findings reveal that higher account ownership risk through non-performing loans and high-cost inefficiency in sector developed countries, advanced countries transition economies. Increased...

The development of the financial system is shown, both historically and in contemporary data, to be adversely affected by inequality in the distribution of land. To accommodate these empirical findings, a theory is developed that highlights the incentives of landowners to oppose competition in the financial sector. The theory provides an explanation for the co-incident development of the financ...

The public sector has undergone a series of reforms, reforms that have had a great influence on the development of public accounting and reporting system. We consider that the most important issue that has resulted from these reforms refers to the introduction of consolidated financial reporting in the public sector. The public sector consolidated financial statements represent a challenging to...

Globalization is a worldwide phenomenon. The concept globalization is a very recent term only establishing its current meaning in the 1970s, which emerged from the intersection of four inter related sets of communities of practice, academics, journalists, publishers. This paper models the channels through which globalization affects financial sector development in Nigeria. To this end this stud...

Abstract Recessions that are accompanied by financial crises tend to be more severe and are followed by slower recoveries than ordinary recessions. This paper introduces a new Keynesian model with financial frictions on both the demand and supply side of the credit markets that can explain this empirical finding. Following a shock that leads to a decline in economic activity, an adverse feedbac...

â â â  â â â â â â â â â â â  financial sector is one of the most influential sectors in economic activities. empirical and theoretical studies conducted in recent years have also confirmed the significant role of financial institutions in economic growth. additionally, trade and financial liberalization policies have been particular concerned with strategic policies in developed and developing...

This paper analyzes the impacts of financial liberalization and foreign bank entry on competitiveness and soundness of domestic banking system as well as credit growth in association with financial sector development, focusing on MENA region’s comparative benchmarking performances with those of middle -income countries. We find that financial sector development is positively related to foreign ...