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Can Good Governance Lower Financial Intermediation Costs?
Mariusz Jarmuzek
Mr.Tonny Lybek
出版
International Monetary Fund
, 2018-12-11
主題
Business & Economics / Banks & Banking
Business & Economics / Economics / Macroeconomics
Business & Economics / Money & Monetary Policy
ISBN
1484385675
9781484385678
URL
http://books.google.com.hk/books?id=3KAZEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if various governance indicators are better. More cross-border lending also appears conducive to lower intermediation costs, while the level of capital market development is not significant. The GFC seems not to have had a strong impact except via credit risk. Finally, we estimate the size of potential gains from improved governance.