poverty is one of the most important problems in developed and developing countries such as iran. for solving this problem, many studies have investigated the effective factors on poverty. in this paper, the impact of financial development on absolutepoverty in iran has been investigated during 1985-2013 by using the structural time series method. for do it, two indicators of financial developm...

We develop a growth model with endogenous technological progress in which the financial sector plays an explicit role. Thereby we discuss the role of different financial regimes in the growth process. We contrast a bank-dominated financial system with a market-dominated system. In the first one a financial intermediary (a bank) is able to solve informational problems, however, at a cost. There ...

since the 1970s, services marketing has grown into a major sub discipline of marketing. it is constantly claimed – but is refuted in the article – that services are now the dominant economic activity in developed countries and keeps growing while the two traditional goods sectors, manufacturing and agriculture, are declining. in today's competitive world, having expertise, knowledge and ma...

In light of the growing emphasis on sustainable development, financial poverty alleviation has become an increasingly important strategy. This study explores whether green finance, a new tool aimed at achieving can effectively reduce poverty. Using data from 25 provinces in China between 2004 and 2019, builds Green Financial Development Index, using improved entropy power method, uses spatial e...

Financial institutions are financed by both investors and customers. Investors expect an appropriate risk-adjusted return for providing financing and risk bearing. Customers, in contrast, provide financing in exchange for specific services, and want the service fulfillment to be free of the intermediary’s credit risk. We develop a framework that defines the roles of customers and investors in i...

equitable distribution of income and economic growth are challenges for policy-makers. therefore, it is important to investigate the influencing factors of it. given that financial development is an important factor affecting on income inequality, in this study, the effect of financial development on the gini coefficient as income inequality index is examined with using panel data methods durin...

This paper studies how comparing can be used to provide information in financial markets in the presence of a hidden characteristics problem. Although an investor cannot precisely estimate the future returns of an entrepreneur’s projects, the investor can mitigate the asymmetric information problem by ranking different entrepreneurs and financing only the very best ones. Information asymmetry c...

Diversification through a financial intermediary has the benefit of transforming loans that need costly monitoring into bank deposits that do not. We show that financial intermediation in a costly state verification model has a cost not yet analyzed: it allows for the existence of multiple equilibria, some of which are characterized by borrowers defaulting on their loans because they expect oth...

We evaluate the influence of pandemic on global bank lending and identify country characteristics that amplify or weaken effect disease outbreak credit. Using a sample banks from 125 countries, we apply difference-in-difference methodology find is weaker in countries are more affected by health crisis. This depends bank's financial conditions, market structure, regulatory institutional environm...