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Relevant bibliographies by topics / Theory of financial intermediation

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Academic literature on the topic 'Theory of financial intermediation'

Author: Grafiati

Published: 11 December 2022

Last updated: 26 January 2023

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Journal articles on the topic "Theory of financial intermediation"

1

Allen, Franklin, and Anthony M. Santomero. "The theory of financial intermediation." Journal of Banking & Finance 21, no. 11-12 (December 1997): 1461–85. http://dx.doi.org/10.1016/s0378-4266(97)00032-0.

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Merz, Markus. "Contemporaneous financial intermediation." Digital Finance 3, no. 1 (March 2021): 25–44. http://dx.doi.org/10.1007/s42521-021-00029-3.

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AbstractDigital innovations in banking and payments recently have garnered a great deal of attention. Specifically, distributed ledger technology (DLT) has the potential to fundamentally change the roles and responsibilities of stakeholders in the financial sector. DLT is a novel and fast-evolving approach to record and share data, e.g., payment transactions, among members of a decentralized network. Using transaction cost theory, the paper examines how DLT will change the cross-border payment infrastructure. DLT can reduce the overall transaction costs potentially resulting in the disappearance of correspondent banks.

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Hester, Donald D. "On the theory of financial intermediation." De Economist 142, no. 2 (May 1994): 133–49. http://dx.doi.org/10.1007/bf01388162.

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Bongomin, George Okello Candiya, Francis Yosa, Joseph Baleke Yiga Lubega, Pierre Yourougou, and Alain Manzi Amani. "Financial Intermediation by Microfinance Banks in Rural Sub-Saharan Africa: Financial Intermediation Theoretical Approach." Journal of Comparative International Management 24, no. 2 (January 26, 2022): 1–27. http://dx.doi.org/10.7202/1085565ar.

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Premised on Meta analysis of financial intermediation theory by Gurley and Shaw (1960), Leland and Pyle (1977), Diamond and Dybvig (1983), Allen and Santomero (1996), Scholtens and van Wensveen (2000), the main purpose of this study is to test for the predictive power of each of the dimensions of financial intermediation of market penetration and quality of financial services on financial inclusion of the poor by microfinance banks in rural sub-Saharan Africa grounded on the financial intermediation theory. This study adopted a cross-sectional research design and data were collected from 400 poor households located in rural Uganda. The data were analyzed using ordinary least square hierarchical regression (OLS) in SPSS (statistical packages for social sciences) to generate the explanatory power of each of the dimensions of financial intermediation on financial inclusion based on coefficient of determination (R²). In addition, results from analysis of variances (ANOVA) were also generated to establish the differences in the perceptions of the poor towards being financially included through financial intermediation. The results revealed that market penetration and quality of financial services as dimensions of financial intermediation significantly explains 22 percent of the variation in financial inclusion of the poor in rural Uganda. Additionally, when individual effects were considered, both market penetration and quality of financial services had significant and positive effects on financial inclusion of the poor in rural Uganda. Accordingly, our study contributes and recommends specific policies toward the role of financial intermediaries in financial deepening, especially in rural sub-Saharan Africa where there are limited presence of traditional banking structures to serve the unbanked rural poor households.

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SEWARD, JAMES K. "Corporate Financial Policy and the Theory of Financial Intermediation." Journal of Finance 45, no. 2 (June 1990): 351–77. http://dx.doi.org/10.1111/j.1540-6261.1990.tb03694.x.

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Bethune, Zachary, Bruno Sultanum, and Nicholas Trachter. "An Information-Based Theory of Financial Intermediation." Federal Reserve Bank of Richmond Working Papers 19, no. 12 (July 2, 2019): 1–71. http://dx.doi.org/10.21144/wp19-12.

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Mehra, Rajnish, Facundo Piguillem, and Edward C. Prescott. "Costly financial intermediation in neoclassical growth theory." Quantitative Economics 2, no. 1 (March 2011): 1–36. http://dx.doi.org/10.3982/qe40.

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Scholtens, Lambertus J. R. "On the theory of international financial intermediation." De Economist 140, no. 4 (December 1992): 470–87. http://dx.doi.org/10.1007/bf01725240.

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Shabir, Tayyeb. "Financial Intermediation and Growth: Theory and Some Cross-Country Evidence." Pakistan Development Review 36, no. 4II (December 1, 1997): 855–62. http://dx.doi.org/10.30541/v36i4iipp.855-862.

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Well-functioning financial markets can have a positive effect on economic growth by facilitating savings and more efficient allocation of capital. This paper characterises some of the recent theoretical developments that analyse the relationship between financial intermediation and economic growth and presents empirical estimates based on a model of the linkage between financially intermediated investment and growth for two separate groups of countries, developing and advanced. Empirical estimates for both groups suggest that financial intermediation through the efficiency of investment leads to a higher rate of growth per capita. The relevant coefficient estimates show a higher level of significance for the developing countries. This financial liberalisation in the form of deregulation and establishment and development of stock markets can be expected to lead to enhanced economic growth.

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Jayasekara, S. G. Sisira Dharmasri, K. L. Wasantha Perera, and A. Roshan Ajward. "Fair Value Accounting Practices and Efficiency of Banks: A Theoretical Perspective." Accounting and Finance Research 7, no. 4 (September 27, 2018): 66. http://dx.doi.org/10.5430/afr.v7n4p66.

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This conceptual paper discusses the impact of fair value accounting practices on performance of commercial banks in relation to the established banking theories i.e. Credit creation, fractional reserve and financial intermediation theory. These theories are discussed in view of historical cost accounting principles and fair valued accounting principles considering the performance in terms of efficiency during different stages of economic conditions. The analysis shows that fair value accounting practices in banks create reserves in economic booms improving efficiency and deteriorate created reserves in economic downturns causing financial crises. Enhanced financial performance in terms of unrealized gains improves the overall efficiency of banks in view of the intermediation approach of the financial intermediation theory. Therefore, it can be interpreted that external factors such as accounting, infrastructure, and technology can influence efficiency of the financial intermediation process. This is the first study to discuss the implications of fair value accounting on banking theory in view of performance of banks and stability of financial system.

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Dissertations / Theses on the topic "Theory of financial intermediation"

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Rossiensky, Nathalie. "Essays in the theory of financial intermediation." Thesis, London Business School (University of London), 1998. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.287576.

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Osorio, Buitron Carolina. "Towards a new theory of financial intermediation." Thesis, University of Oxford, 2013. http://ora.ox.ac.uk/objects/uuid:c504db52-9cf8-45aa-8782-06c57fecfe5b.

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This thesis includes three interconnected essays which, building on the work by Hart and Zingales (2011), lay down the foundations for a new theory of financial intermediation. The first essay explains the Hart and Zingales (HZ) framework and shows that their results are not general. In the HZ model, there is a lack of simultaneous double coincidence of wants, and future income is not pledgeable. This implies that agents need money to trade. However, holding money entails an opportunity cost that leads to a waste of resources. Because of this inefficiency, pecuniary externalities have welfare consequences that private price-taking agents fail to internalize. I find that HZ's result, whereby the market produces inefficiently high levels of liquidity, cannot be generalized, because the conflict between private and social incentives to create money depends on agents' preferences. In the second essay I construct a framework that explains the transactions, precautionary and speculative demand for money. Again, the welfare analysis indicates that, depending on individuals' preferences, the market may produce inefficiently high or low levels of liquidity. The results also evidence that the speculative demand for money exists only when households are risk averse in their wealth. In that case, private and social incentives to hold money are stronger, but the market produces insufficient means of payment relative to the social optimum. The third essay introduces active financial institutions, and examines the role played by moral hazard in the provision of and demand for liquidity. Limited liability and the non-contractibility of bank investment policy induce highly levered financial institutions to invest in an inefficient gambling asset. I find that, when the probability that banks gamble is non-zero, the primary goal of public intervention is to address the moral hazard problem by restricting the creation of liquidity. Several policies to address this inefficiency are discussed and analyzed.

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Husain, Asim. "Financial intermediation and growth in developing countries." Oberlin College Honors Theses / OhioLINK, 1995. http://rave.ohiolink.edu/etdc/view?acc_num=oberlin1342193386.

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Hussein, Khaled Ahmed. "Financial intermediation and economic growth in developing countries." Thesis, Keele University, 1995. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.297182.

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Krystalogianni, Alexandra. "Financial intermediation and economic growth : a calibrated model for Greece." Thesis, University of Reading, 2000. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.325203.

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Reid, R. D. G. "An examination of financial intermediation and the development of financial systems : France and Germany." Thesis, University of Strathclyde, 1985. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.372101.

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Blum, David, Klaus Federmair, Gerhard Fink, and Peter Haiss. "The Financial-Real Sector Nexus. Theory and Empirical Evidence." Forschungsinstitut für Europafragen, WU Vienna University of Economics and Business, 2002. http://epub.wu.ac.at/196/1/document.pdf.

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Without doubt a well-developed financial sector is related to efficient resource allocation and growth, but there is modest consensus on the direction of that link, on the notion of what is meant by "well developed", on which subset of the financial market is crucial and thus which organisational set-up provides optimal returns for both architects and market participants alike. With sluggish growth, torn down market barriers and systemic change in the EU accession countries the direction, magnitude, sustainability, institutional set-up of the finance-growth nexus (and which), becomes one of the core issues of both macroeconomic theory and practice. This paper reviews the economic theory available, provides a well structured overview of 54 empirical studies conducted since 1964, sets the stage for constructing a data base encompassing the major three segments of financial markets (stock, bond and bank credit) and provides the methodological background for combining cross-country production function and time-series approaches in order to answer the following questions: (1) What is the direction of the finance-growth nexus, (2) which segment of the financial sector drives whatever nexus there is, and (3) what are the features of a growth supportive financial architecture.
Series: EI Working Papers / Europainstitut

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Hidvegi, Istvan. "Banking Productivity : An Extension of Traditional Theory." Thesis, Jönköping University, JIBS, Economics, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-717.

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This thesis aims at contributing to the growing number of studies on banking productivity, by attempting to introduce the interest rate spread as one of the driving forces behind productivity changes and alterations of the intermediary role of banks. The analysis is based on observations form the banking sectors of Germany and Sweden. As there is no clear concensus on the proper way of measuring banking output, and the choice of method varies considerably form study to study, this paper adopts the intermediation approach which is one of the three most offen recurring methods applied in research papers. The results include some interesting revelations such as the low significance of a change in labour and capital to the growth in banking output (challenging traditional theory), and that Swedish banks on average were moving away from the traditional intermediary role between 1979 and 1996 while German banks kept lending business at their centre of attention.

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Choi, Joong-Kyung. "The role of nonbank intermediation in a financially repressed economy (theory and evidence based on the Korean economy 1972-1994) /." Thesis, University of Hawaii at Manoa, 2003. http://catalog.hathitrust.org/api/volumes/oclc/60936451.html.

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Chretien, Edouard. "Essays in financial economics." Thesis, Université Paris-Saclay (ComUE), 2017. http://www.theses.fr/2017SACLX025/document.

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Cette thèse est composée de trois chapitres distincts. Dans le premier chapitre, coécrit avec Edouard Challe, nous analysons la détermination jointe de l'information incorporée dans les prix, et la composition du marché par type d’ordres sur un marché d'actifs avec information dispersée. La microstructure du marché est telle que les agents informés peuvent placer soit des ordres de marché simples, soit un ensemble d’ordres limites. Les market-makers établissent le prix. Les agents utilisant des ordres de marché simple négocient moins agressivement sur leur information et réduisent ainsi le contenu informationnel du prix; dans un marché où seul ce type d’ordre est présent, l'information incorporée dans le prix est limitée, quelle que soit la qualité de l'information des agents sur le dividende de l'actif. Lorsque les agents peuvent choisir leur type d'ordre et les ordres limites sont plus coûteux que les ordres de marché, alors les agents choisissent majoritairement les ordres de marché lorsque la précision des signaux privés tend vers l'infini. Les ordres limites sont des substituts: à des niveaux élevés de précision, une fraction résiduelle d’agents plaçant des ordres limites est suffisante pour aligner le prix aux signaux des agents, et donc au dividende. Ainsi le gain à conditionner ses ordres au prix (via des ordres limites) en plus de son propre signal (comme le font tous les agents) disparaît. Nous appliquons ensuite ce mécanisme dans le deuxième chapitre de cette thèse. Les spéculateurs envisageant une attaque (comme dans le cas des crises de change) doivent deviner les croyances des autres spéculateurs, ce qu'ils peuvent faire en regardant le marché boursier. Ce chapitre examine si ce processus de collecte d'informations est stabilisateur, en ancrant mieux les attentes ou déstabilisateur en générant des équilibres multiples. Pour ce faire, nous étudions les résultats d'un jeu global en deux étapes où un prix d'actif déterminé au stade de négociation du jeu fournit un signal public endogène sur le fondamental qui affecte la décision des agents d'attaquer dans la phase de coordination du jeu. La microstructure du marché d’actif reprend celle étudiée dans le premier chapitre. Les frictions de microstructure qui conduisent à une plus grande exposition individuelle (au risque d'exécution des prix) peuvent réduire l'incertitude agrégée (en fixant un résultat d'équilibre unique). Enfin, dans le troisième chapitre, en collaboration avec Victor Lyonnet, nous présentons un modèle des interactions entre les banques traditionnelles et les shadow banks qui parle de leur coexistence. Au cours de la crise financière de 2007, certains actifs et passifs des shadow banks sont passées aux banques traditionnelles et les actifs ont été vendus à des prix de fire sale. Notre modèle réplique ces faits stylisés. La différence entre les banques traditionnelles et les shadow banks est double. Premièrement, les banques traditionnelles ont accès à un fonds de garantie qui leur permet de se financer sans risque en période de crise. Deuxièmement, les banques traditionnelles doivent respecter une réglementation coûteuse. Nous montrons qu'en cas de crise, les shadow banks liquident les actifs pour rembourser leurs créanciers, alors que les banques traditionnelles achètent ces actifs à des prix de fire sale. Cet échange d'actifs en temps de crise génère une complémentarité entre les banques traditionnelles et les shadow banks, où chaque type d'intermédiaire profite de la présence de l'autre. Nous constatons deux effets concurrents d'une petite diminution du soutien des banques traditionnelles en période de crise, que nous appelons effet de substitution et effet de revenu. Ce dernier effet domine le premier, de sorte qu’un niveau de soutien anticipé plus faible aux banques traditionnelles en temps de crise induit plus de banquiers à s’orienter vers le secteur traditionnel ex-ante
This dissertation is made of three distinct chapters. In the first chapter, which is joint with Edouard Challe, we analyse the joint determination of price informativeness and the composition of the market by order type in a large asset market with dispersed information. The market microstructure is one in which informed traders may place market orders or full demand schedules and where market makers set the price. Market-order traders trade less aggressively on their information and thus reduce the informativeness of the price; in a full market-order market, price informativeness is bounded, whatever the quality of traders’ information about the asset’s dividend. When traders can choose their order type and demand schedules are (even marginally) costlier than market orders, then market-order traders overwhelm the market when the precision of private signals goes to infinity. This is because demand schedules are substitutes: at high levels of precision, a residual fraction of demand-schedule traders is sufficient to take the trading price close to traders’ signals, while the latter is itself well aligned with the dividend. Hence, the gain from trading conditional on the price (as demand-schedule traders do) in addition to one’s own signal (as all informed traders do) vanishes. We then apply this idea in the second chapter of this dissertation. Speculators contemplating an attack (e.g., on a currency peg) must guess the beliefs of other speculators, which they can do by looking at the stock market. This chapter examines whether this information-gathering process is stabilizing by better anchoring expectations or destabilizing by creating multiple self-fulfilling equilibria. To do so, we study the outcome of a two-stage global game wherein an asset price determined at the trading stage of the game provides an endogenous public signal about the fundamental that affects traders’ decision to attack in the coordination stage of the game. The trading stage follows the microstructure of the first chapter. Price execution risk reduces traders’ aggressiveness and hence slows down information aggregation, which ultimately makes multiple equilibria in the coordination stage less likely. In this sense, microstructure frictions that lead to greater individual exposure (to price execution risk) may reduce aggregate uncertainty (by pinning down a unique equilibrium outcome). Finally, in the third chapter, joint with Victor Lyonnet, we present a model of the interactions between traditional and shadow banks that speaks to their coexistence. In the 2007 financial crisis, some of shadow banks’ assets and liabilities have moved to traditional banks, and assets were sold at fire sale prices. Our model is able to accommodate these stylized facts. The difference between traditional and shadow banks is twofold. First, traditional banks have access to a guarantee fund that enables them to issue claims to households in a crisis. Second, traditional banks have to comply with costly regulation. We show that in a crisis, shadow banks liquidate assets to repay their creditors, while traditional banks purchase these assets at fire-sale prices. This exchange of assets in a crisis generates a complementarity between traditional and shadow banks, where each type of intermediary benefits from the presence of the other. We find two competing effects from a small decrease in traditional banks’ support in a crisis, which we dub a substitution effect and an income effect. The latter effect dominates the former, so that lower anticipated support to traditional banks in a crisis induces more bankers to run a traditional bank ex-ante

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Books on the topic "Theory of financial intermediation"

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Patrick, Honohan, ed. Taxation of financial intermediation: Theory and practice for emerging economies. Washington, DC: World Bank, 2003.

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Farhi, Emmanuel. A theory of liquidity and regulation of financial intermediation. Cambridge, MA: National Bureau of Economic Research, 2007.

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Garmaise, Mark J. Informal financial networks: Theory and evidence. Cambridge, MA: National Bureau of Economic Research, 2002.

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Bisignano, Joseph. Towards an understanding of the changing structure of financial intermediation: An evolutionary theory of institutional survival. Amsterdam: Société universitaire européenne de recherches financières, 1998.

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Chinn, Menzie David. International capital inflows, domestic financial intermediation and financial crises under imperfect information. Cambridge, MA: National Bureau of Economic Research, 2000.

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Scholtens, Bert. The theory of financial intermediation: An essay on what it does (not) explain. Vienna: Societe Universitaire Europeenne de Recherches Financieres, 2003.

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Ishfaq, Muhammad. Financial intermediation and monetary transmission mechanism under asymetric information: Theory and evidence. Birmingham: University of Birmingham, 1996.

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A game theory analysis of options: Corporate finance and financial intermediation in continuous time. 2nd ed. Berlin: Sringer-Verlag, 2004.

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Ziegler, Alexandre. A Game Theory Analysis of Options: Corporate Finance and Financial Intermediation in Continuous Time. Berlin, Heidelberg: Springer Berlin Heidelberg, 2004.

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Alexandre, Ziegler·. A game theory analysis of options: Corporate finance and financial intermediation in continuous time. 2nd ed. Berlin: Springer·, 2003.

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Book chapters on the topic "Theory of financial intermediation"

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Kuczynski, Michael. "Contributions to the Theory of Banking Competition." In Financial Intermediation in Europe, 127–57. Boston, MA: Springer US, 2002. http://dx.doi.org/10.1007/978-1-4615-1013-0_5.

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Chant, John. "The New Theory of Financial Intermediation." In Current Issues in Financial and Monetary Economics, 42–65. London: Macmillan Education UK, 1992. http://dx.doi.org/10.1007/978-1-349-21908-7_3.

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Beck, Thorsten. "Efficiency in Financial Intermediation: Theory and Empirical Measurement." In Microfinance and Public Policy, 111–25. London: Palgrave Macmillan UK, 2007. http://dx.doi.org/10.1057/9780230300026_7.

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Lessard, Donald R. "Country Risk and the Structure of International Financial Intermediation." In Financial Risk: Theory, Evidence and Implications, 197–227. Dordrecht: Springer Netherlands, 1989. http://dx.doi.org/10.1007/978-94-009-2665-3_11.

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Pawley, Michael, David Winstone, and Patrick Bentley. "Financial Intermediation." In UK Financial Institutions and Markets, 6–18. London: Macmillan Education UK, 1991. http://dx.doi.org/10.1007/978-1-349-21660-4_2.

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Barro, Robert, and Vittorio Grilli. "Financial Intermediation." In European Macroeconomics, 173–97. London: Macmillan Education UK, 1994. http://dx.doi.org/10.1007/978-1-349-27904-3_10.

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Horbaczewska, Bożena. "Financial intermediation." In Diversity of Patchwork Capitalism in Central and Eastern Europe, 104–22. Abingdon, Oxon; New York, NY: Routledge, 2019. | Series: Routledge advances in European politics: Routledge, 2019. http://dx.doi.org/10.4324/9780429056901-6.

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Boyd, J. H. "Financial Intermediation." In The New Palgrave Dictionary of Economics, 4662–71. London: Palgrave Macmillan UK, 2018. http://dx.doi.org/10.1057/978-1-349-95189-5_2783.

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Boyd, J. H. "Financial Intermediation." In The New Palgrave Dictionary of Economics, 1–10. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/978-1-349-95121-5_2783-1.

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Cousin, Violaine. "Financial Intermediation." In Banking in China, 67–80. London: Palgrave Macmillan UK, 2007. http://dx.doi.org/10.1057/9780230595842_6.

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Conference papers on the topic "Theory of financial intermediation"

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Freimanis, Kristaps, and Maija Šenfelde. "Credit creation theory and financial intermediation theory: different insights on banks’ operations." In Contemporary Issues in Business, Management and Economics Engineering. Vilnius Gediminas Technical University, 2019. http://dx.doi.org/10.3846/cibmee.2019.033.

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Purpose – already for more than one hundred years there is an ongoing discussion about the role and function of banks, which subsequently has affected banking regulation. Three theories of banking were dominant in different periods of the 20th century: Credit creation theory (the oldest), Fractional reserve theory, Financial intermediation theory. Authors are contributing to the theoretical discussion with research showing that Credit creation theory and Financial intermediation theory reflect different insights on banks’ operations. Research methodology – literature review (regarding theories), financial ratio calculations (Loans-to-Deposits ratio); Findings – using Loans-to-Deposits ratio calculations for several banks researchers have found that banks’ lending process can be explained by Credit creation theory however banks’ Strategic Asset-Lability Management can be explained by Financial intermediation theory. Research limitations – (a) only domestic banks were selected as in this research it is important to get the needed relationship between deposits and lending. Subsidiaries of foreign banks could have not balanced balance sheet from Loansto-Deposits ratio perspective as their funding could come from abroad if the business model in Baltics is primarily lending oriented, (b) Baltic market was taken because of know-how of researchers about banks operations here and history of their transformation, (c) audited financial reports were used as they gave a sufficient picture of banks Loansto-Deposits ratio. Practical implications – theoretical discussion in this paper enlightens the role and function of the banks thereby improving understanding of better banking regulation. Authors propose to adjust the current banking regulatory framework which is focused on capital requirements. Originality/Value – current research provides some link between existing banking theories (Credit creation theory and Financial intermediation theory) shaping a new hybrid concept and proposing an adjusted regulatory framework based on this hybrid concept

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"Monetary policy, financial intermediation, current account and housing market - how do they fit together?" In 19th Annual European Real Estate Society Conference: ERES Conference 2012. ERES, 2012. http://dx.doi.org/10.15396/eres2012_151.

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Donev, Blagica. "MACROECONOMIC AND MACRO-FINANCIAL FACTORS OF THE STABILITY OF THE BANKING SECTOR - THE CASE OF THE REPUBLIC OF NORTH MACEDONIA." In Economic and Business Trends Shaping the Future. Ss Cyril and Methodius University, Faculty of Economics-Skopje, 2021. http://dx.doi.org/10.47063/ebtsf.2021.0022.

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Banks, as financial institutions, play a vital role in achieving financial stability and economic growth, with their expected contribution through mobilization and allocation of financial resources throughout the economy. Only a reliable and stable banking system that enjoys the trust of economic entities can be an effective intermediary of the resources of the national economy in order to intensify economic development. The role of banks is even more important for developing economies with underdeveloped capital markets. The banking sector is still the primary form of financial intermediation in the Republic of North Macedonia. The study examine the stability of the banking sector in North Macedonia, and explores the macroeconomic, macro financial factors behind stability indicators of banking sector functioning in North Macedonia over the 1996- 2017 period by employing correlations and multiple linear regression model. Results of the analysis showed that macroeconomic factors are not affecting selected bank stability indicators: NPL and capital adequacy. In addition, macro-financial factors (that include the specific determinants of the banking sector that relate to the size, structure, efficiency of the banking sector, competition) are affecting indicators and can be shown to be reliable early warning indicators. There is a broad consensus that strong and effective micro- and macroprudential policies are needed to assure a robust and resilient financial system. Author’s recommendation is implementation regulatory framework and construction of legal, institutional, regulatory landscape for macro-prudential regulation and policies, that act complementing to microprudential and macroeconomic policies, that have an impact on systemic financial stability.

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Aseinov, Dastan. "Factors Affecting Cost Efficiency in the Banking Sector of Kyrgyzstan." In International Conference on Eurasian Economies. Eurasian Economists Association, 2017. http://dx.doi.org/10.36880/c08.01907.

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Instabilities in the banking sector have had an adverse effect on the economy as a whole, since the largest share in the financial system and financial intermediation in Kyrgyzstan have been captured by banking sector. Economic efficiency in banking can be viewed as a source of financial stability of banking system. Economic efficiency of the banking is more important challenge not only for shareholders and managers of banks, and also for regulation and supervision authorities, and public and potential investors. The aim of this study is to examine factors affecting the banking cost efficiency for Kyrgyz banks. It is also important to choose the appropriate approach in measurement of banking cost efficiency, since there are many different methods. In this study preferred stochastic frontier approach which assumes random error term which captures sampling, measurement and specification errors. We adopted stochastic cost frontier model proposed by Battese ve Coelli (1995) which also allow to examine investigate the impact of variables on efficiency. We used unbalanced panel data set captured 17-23 Kyrgyz commercial banks for period of 2000-2013. Obtained results suggest that capitalization, foreign ownership, credit risk, liquidity risk and currency risk have most influence on cost efficiency scores of banks calculated averagely at level of 0,766. Overall results indicate that domestic banks more cost efficient than domestic private and foreign banks. Average cost efficiency scores of domestic banks, foreign and separately public banks are 0,848; 0,649 and 0,875, respectively.

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Pantielieieva, Natalia, Sergii Krynytsia, Myroslava Khutorna, and Liudmyla Potapenko. "FinTech, Transformation of Financial Intermediation and Financial Stability." In 2018 International Scientific-Practical Conference Problems of Infocommunications. Science and Technology (PIC S&T). IEEE, 2018. http://dx.doi.org/10.1109/infocommst.2018.8632068.

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Henrique Shinkoda Santos, Marcelo, Marcelo Jose Braga, and Valéria Gama Fully Bressan. "THE COMPETITION BY DEPOSITS IN THE BRAZILIAN FINANCIAL INTERMEDIATION NETWORK." In 59º Congresso da SOBER e 6º EBPC 2021. ,: Even3, 2021. http://dx.doi.org/10.29327/soberebpc2021.341398.

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Miba'am, Benjamin. "FINANCIAL INTERMEDIATION IN POST BANK CONSOLIDATION ERA AND ECONOMIC GROWTH IN NIGERIA." In 43rd International Academic Conference, Lisbon. International Institute of Social and Economic Sciences, 2018. http://dx.doi.org/10.20472/iac.2018.043.028.

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Slezáková, Andrea, and Peter Jedinák. "Cross-border Financial Intermediation in the European Union, Slovakia and Czech Republic." In 21st International Joint Conference Central and Eastern Europe in the Changing Business Environment : Proceedings. University of Economics in Bratislava, Vydavateľstvo EKONÓM, 2021. http://dx.doi.org/10.18267/pr.2021.krn.4816.18.

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"Banking Reform and Financial Intermediation of Some Selected Deposit Money Banks in Nigeria." In International Conference on Business, Sociology and Applied Sciences. International Centre of Economics, Humanities and Management, 2014. http://dx.doi.org/10.15242/icehm.ed0314518.

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Sirait, Rika Angelia, and Rofikoh Rokhim. "Capital Adequacy Requirement, The Cost of Financial Intermediation and Risk Taking Behavior of The Indonesia Banking Sector." In Proceedings of the 12th International Conference on Business and Management Research (ICBMR 2018). Paris, France: Atlantis Press, 2019. http://dx.doi.org/10.2991/icbmr-18.2019.17.

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Reports on the topic "Theory of financial intermediation"

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Mehra, Rajnish, Facundo Piguillem, and Edward Prescott. Costly Financial Intermediation in Neoclassical Growth Theory. Cambridge, MA: National Bureau of Economic Research, September 2008. http://dx.doi.org/10.3386/w14351.

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Farhi, Emmanuel, Mikhail Golosov, and Aleh Tsyvinski. A Theory of Liquidity and Regulation of Financial Intermediation. Cambridge, MA: National Bureau of Economic Research, March 2007. http://dx.doi.org/10.3386/w12959.

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Philippon, Thomas. Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation. Cambridge, MA: National Bureau of Economic Research, May 2012. http://dx.doi.org/10.3386/w18077.

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Gorton, Gary, and Andrew Winton. Financial Intermediation. Cambridge, MA: National Bureau of Economic Research, May 2002. http://dx.doi.org/10.3386/w8928.

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Aizenman, Joshua, and Andrew Powell. Volatility and Financial Intermediation. Cambridge, MA: National Bureau of Economic Research, December 1997. http://dx.doi.org/10.3386/w6320.

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Allen, Donald S., and Leonce Ndikumana. Financial Intermediation and Economic Growth in Southern Africa. Federal Reserve Bank of St. Louis, 1998. http://dx.doi.org/10.20955/wp.1998.004.

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Cooper, Russell, and Joao Ejarque. Financial Intermediation and Aggregate Fluctuations: A Quantative Analysis. Cambridge, MA: National Bureau of Economic Research, August 1994. http://dx.doi.org/10.3386/w4819.

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Krishnamurthy, Arvind, and Wenhao Li. Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment. Cambridge, MA: National Bureau of Economic Research, May 2020. http://dx.doi.org/10.3386/w27088.

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Chinn, Menzie, and Kenneth Kletzer. International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information. Cambridge, MA: National Bureau of Economic Research, September 2000. http://dx.doi.org/10.3386/w7902.

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Berka, Martin, and Christian Zimmermann. Basel Accord and Financial Intermediation: The Impact of Policy. Federal Reserve Bank of St. Louis, 2011. http://dx.doi.org/10.20955/wp.2011.042.

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