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Can Good Governance Lower Financial Intermediation Costs? / Mariusz Jarmuzek, Tonny Lybek.
- Format:
- Book
- Government document
- Author/Creator:
- Jarmuzek, Mariusz.
- Series:
- IMF Working Papers; Working Paper ; No. 2018/279
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Economic policy--Decision making.
- Economic policy.
- Physical Description:
- 1 online resource (44 pages) : illustrations.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2018.
- Summary:
- 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.
- Notes:
- Includes bibliographical references.
- Description based on print version record.
- ISBN:
- 9781484391129
- 1484391128
- 9781484391150
- 1484391152
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