Cross-country evidence on the link between IQ and financial development

Intelligence ◽  
2016 ◽  
Vol 55 ◽  
pp. 7-13 ◽  
Author(s):  
R.W. Hafer
Author(s):  
Franklin Allen ◽  
Elena Carletti ◽  
Robert Cull ◽  
Jun Qian ◽  
Lemma Senbet ◽  
...  

2020 ◽  
Vol 20 (150) ◽  
Author(s):  
Majid Bazarbash ◽  
Kimberly Beaton

Can fintech credit fill the credit gap in the consumer and business segments? There are few cross-country studies that explore this question. Focusing on marketplace lending, an important part of fintech credit, we use data for 109 countries from 2015 to 2017 to study the relationship between fintech credit to businesses and consumers and various aspects of financial development. Marketplace lending to consumers grows in countries where financial depth declines highlighting the role of fintech credit in filling the credit gap by traditional lenders. This result is particularly strong in low-income countries. In the business segment, marketplace lending expands where financial efficiency declines. Our findings show that low-income countries take advantage of the fintech credit opportunity in the consumer segment but face important challenges in the business segment.


Author(s):  
Bo Becker ◽  
Jagadeesh Sivadasan

Abstract We investigate if financial development eases firm level financing constraints in a cross-country data set covering much of the European economy. The cash flow sensitivity of investment is lower in countries with better-developed financial markets. To deal with potentially serious biases, we employ a difference-in-difference methodology. Subsidiaries of other firms have access to internal capital markets and hence depend less on the external financial environment. As predicted, the benefit of financial development is smaller in subsidiary firms. This shows that financial development can mitigate financial constraints, and sheds light on the link between financial and economic development.


2012 ◽  
Author(s):  
Franklin Allen ◽  
Elena Carletti ◽  
Robert Cull ◽  
Jun Qian ◽  
Lemma Senbet ◽  
...  

2017 ◽  
Vol 24 (3) ◽  
pp. 283-306 ◽  
Author(s):  
Oasis Kodila-Tedika ◽  
Simplice A. Asongu ◽  
Matthias Cinyabuguma ◽  
Vanessa S. Tchamyou

Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographical isolation and financial development across the globe. We find that prehistoric geographical isolation has been beneficial to development because it has contributed to contemporary cross-country differences in financial intermediary development. The relationship is robust to alternative samples, different estimation techniques, outliers and varying conditioning information sets. The established positive relationship between geographical isolation and financial intermediary development does not significantly extend to stock market development.


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