Notes on Financial System Development and Political Intervention

Notes on Financial System Development and Political Intervention

The paper studies the impact of political intervention on a financial system that consists of banks and financial markets and develops over time. In this financial system, banks and markets exhibit three forms of interaction: they compete, they com...

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Bibliographic Details
Main Authors: Song. Fenghua, Thakor, Anjan
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2013
Subjects:
ALLOCATION OF CAPITAL
ALLOCATION OF CREDIT
ASSET-BACKED SECURITIES
ASSET-LIABILITY MATCHING
ASYMMETRIC INFORMATION
BACKED SECURITIES
BAD CREDIT
BALANCE-SHEET
BANK CAPITAL
BANK DEBT
BANK EQUITY
BANK FAILURES
BANK FINANCING
BANK LENDING
BANK LOAN
BANK LOANS
BANK PROFITABILITY
BANK PROFITS
BANKING INDUSTRY
BANKING SCOPE
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEM DEVELOPMENT
BANKS
BONDS
BORROWER
BRIBES
CAPACITY BUILDING
CAPITAL ALLOCATION
CAPITAL MARKET
CAPITAL MARKET FINANCING
CAPITAL MARKETS
CAPITAL REQUIREMENT
CAPITAL REQUIREMENTS
CAPITAL STRUCTURE
CD
COMMERCIAL PAPER
COMPETITIVE MARKETS
COORDINATION FAILURES
CORPORATE GOVERNANCE
COST OF CREDIT
CREDIT ACCESS
CREDIT ANALYSIS
CREDIT AVAILABILITY
CREDIT DECISION
CREDIT EXTENSION
CREDIT INFORMATION
CREDIT MARKET
CREDIT MARKETS
CREDIT QUALITIES
CREDIT QUALITY
CREDIT RATING
CREDIT RATING AGENCIES
CREDIT RATIONING
CREDIT REPORTING
CREDIT RISKS
CREDIT TERMS
CREDITOR
CREDITOR RIGHTS
CREDITORS
CREDITWORTHY BORROWER
CREDITWORTHY BORROWERS
DEBT
DEBT CONTRACTS
DEBT SECURITY
DENIAL OF CREDIT
DEPENDENT
DEPOSIT
DEPOSITS
DIRECT BANK LENDING
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC EFFICIENCY
ECONOMIC GROWTH
ECONOMICS
EMERGING MARKETS
EQUITY CAPITAL
EXCLUSION
EXTERNAL FINANCE
EXTERNAL FINANCING
FEDERAL RESERVE
FINANCES
FINANCIAL CONTRACTS
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DEVELOPMENT
FINANCIAL FRAGILITY
FINANCIAL INNOVATION
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL INTERMEDIARY
FINANCIAL INTERMEDIATION
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL STRUCTURE
FINANCIAL STUDIES
FINANCIAL SUPPORT
FINANCIAL SYSTEM
FINANCIAL SYSTEM DEVELOPMENT
FINANCIAL SYSTEM STABILITY
FINANCIAL SYSTEMS
FINANCIERS
FINANCING SOURCES
FIXED COST
FORMS OF CREDIT
GOVERNMENT INTERVENTION
GOVERNMENT INTERVENTIONS
GOVERNMENT OWNERSHIP
GOVERNMENT SUBSIDIES
HOLDING
HOME PURCHASES
HOMEOWNERSHIP
INFORMATION ACQUISITION
INFORMATION ASYMMETRIES
INFORMATION DISCLOSURE
INFORMATION DISCLOSURE COSTS
INFORMATION TECHNOLOGY
INFORMATIONAL ASYMMETRIES
INFORMED INVESTOR
INFORMED INVESTORS
INTERNATIONAL BANK
INVESTING
INVESTMENT DECISIONS
INVESTMENT OPPORTUNITIES
INVESTMENT PROCESS
JUDICIAL SYSTEM
JUDICIAL SYSTEMS
LABOR FORCE
LAWS
LEGAL SYSTEMS
LEGISLATION
LENDERS
LENDING REGULATION
LENDING REGULATIONS
LIABILITY
LIQUIDITY
LOAN
LOSSES ON BANKS
MACROECONOMIC CONDITION
MANDATE
MANDATES
MARKET DEVELOPMENT
MARKET DISTORTIONS
MARKET EQUILIBRIUM
MARKET FAILURE
MARKET FAILURES
MARKET FINANCES
MARKET INFORMATION
MARKET PRICE
MARKET PRICES
MARKET TRADING
MORTGAGE
MORTGAGES
OPTIMAL CONTRACTS
PARTICIPATION CONSTRAINT
PAYOFF
POLITICAL ECONOMY
POTENTIAL BORROWERS
PRICE FORMATION
PROFITABILITY
PROPERTY RIGHTS
PROPRIETARY INFORMATION
REAL SECTOR
RELATIONSHIP BANKING
RETURN
RETURNS
RISK SHARING
RISKY BORROWERS
SECURITIZATION
SECURITY PRICES
SHAREHOLDER
STOCK EXCHANGES
STOCK MARKETS
SYSTEMIC RISK
TELLERS
TRADING
TRADING VENUE
TRANSITION ECONOMIES
USE OF DEBT
Online Access:http://documents.worldbank.org/curated/en/2013/01/17206614/notes-financial-system-development-political-intervention
http://hdl.handle.net/10986/13162

Internet

http://documents.worldbank.org/curated/en/2013/01/17206614/notes-financial-system-development-political-intervention
http://hdl.handle.net/10986/13162

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