A cross-country comparative analysis of the Russian financial sector model

2018 ◽  
pp. 5-24 ◽  
Author(s):  
M. I. Stolbov ◽  
I. O. Goloshchapova ◽  
O. G. Solntsev ◽  
R. R. Akhmetov ◽  
V. A. Pankova ◽  
...  
Keyword(s):  
Size Structure ◽  
Institutional Quality ◽  
Financial Sector ◽  
Sector Model ◽  
Advanced Economies ◽  
The Em Algorithm ◽  
Country Analysis ◽  
Cross Country

In this paper, based on a cross-country analysis, the authors distil different models of the financial sector, which are characterized by peculiar interrelations among size, structure, efficiency, stability, inclusion and the institutional quality of financial development. Against this backdrop, the model of the Russian financial sector is described. To identify the financial sector models, cluster analysis involving the EM algorithm with a Bayesian extension is performed on a vast sample of countries. The analysis allows setting key long-term indicators of the Russian financial sector development, taking into consideration its potential of transition to the cluster of more financially advanced economies.

2008 Triennial Surveillance Review - Background Information and Statistical Appendix

Policy Papers ◽  
2008 ◽  
Vol 2008 (3) ◽  
Author(s):  
Keyword(s):  
Value Added ◽  
Financial Sector ◽  
Background Information ◽  
Recent Past ◽  
Executive Board ◽  
Priority Areas ◽  
Cross Border ◽  
Country Analysis ◽  
Cross Country

Country surveillance constitutes an essential part of the IMF's mandate to oversee the international monetary system and to monitor the economic and financial policies of its 185 member countries. The IMF's Executive Board conducts regularly scheduled reviews of country surveillance (the Triennial Surveillance Review) to consider ways to improve its effectiveness. The 2008 review is the first such review since the Executive Board approved, in June 2007, a new Decision on Bilateral Surveillance. This Decision affirms that the focus of bilateral surveillance is on those policies of members that can significantly influence present or prospective external stability. The review focused on the implementation of country surveillance in the recent past, as presented in the following set of papers: • The overview paper presents the main findings and priority areas for further work. The review finds that stakeholders hold the quality of IMF surveillance in high regard, but that improvements should focus on risk assessment, integration of macroeconomic and financial sector surveillance, multilateral perspectives (cross-border spillovers and cross-country analysis), and exchange rate assessments. The priority areas identified in the review served as key background for the preparation of the IMF’s Statement of Surveillance Priorities (SSP). • The Thematic Findings (Supplement 1) provides supporting analysis on the implementation of bilateral surveillance in the recent past and, particularly, on the appropriateness of its focus and its analytical value added in particular areas, including the overall “health check”, exchange rates, financial sector issues, cross-country analysis and cross-border spillover analysis (including a case study of surveillance in the run up to the subprime crisis), the degree of candor and evenhandedness in surveillance, and the effectiveness of its communication. • The Background Information paper (Supplement 2) provides further information, including a description of review methodologies, and results including interview findings, surveys of various audiences, and supporting data on the quality of consultation documents. • The External Consultant’s Report provides an independent view of IMF surveillance in Europe.

scholarly journals Sustainability level, corruption and tax evasion: a cross-country analysis

2016 ◽  
Vol 23 (2) ◽  
pp. 328-348 ◽  
Author(s):  
Hichem Khlif ◽  
Achraf Guidara ◽  
Khaled Hussainey
Keyword(s):  
Tax Evasion ◽  
Design Methodology ◽  
Policy Implications ◽  
Content Type ◽  
Global Competitiveness ◽  
Country Analysis ◽  
Cross Country ◽  
The Relationship ◽  
Global Competitiveness Report

Purpose This paper aims to examine the relationship between the level of sustainability and tax evasion and test whether the level of corruption moderates such a relationship. Design/methodology/approach The sample consists of 65 developed and developing countries. Tax evasion is measured using a macro indirect approach used by Schneider et al. (2010). The sustainability level and corruption variables are collected from The Global Competitiveness Report for 2012-2013. Findings This study finds that the level of tax evasion is negatively associated with the level of sustainability (overall score and social and environmental score) and the quality of infrastructure. When we distinguish between low- and high-corruption countries, we find that this negative association is significant for low-corruption countries and insignificant for high-corruption countries. These results imply that the level of corruption may reduce the tendency of individuals in a given state to accept and trust their government in general and comply with the tax rules in particular. Originality/value Our empirical findings have policy implications for governments with high levels of tax evasion, as they highlight the importance of states’ engagements towards their citizens in reducing tax evasion.

scholarly journals CROSS COUNTRY ANALYSIS OF ONLINE BANKING SERVICE QUALITY IN SOUTH AFRICA AND INDONESIA

2020 ◽  
Vol 8 (4) ◽  
pp. 194-203
Author(s):  
Johan W de Jager ◽  
◽  
Nuri Wulandari ◽  
Elizma Wannenburg ◽  
◽  
...  
Keyword(s):  
South Africa ◽  
Service Quality ◽  
Online Banking ◽  
High Tech ◽  
Banking Services ◽  
Banking Service ◽  
Country Analysis ◽  
Cross Country ◽  
Automatic Teller Machines

Since the introduction of automatic teller machines, the online banking industry have evolved rapidly in order to stay abreast of today’s digital savvy customers. By keeping up to date with changes in the external environment as well as consumer needs can elevate the competitive advantage of banks. With that in mind, banks need to ensure that the service quality of the online banking services meets the expectations of its customers. The objective of the study is to evaluate and investigate the online banking customers’ perceptions of the service quality of banks in South Africa (SA) and Indonesia (INA). A survey was conducted among more than 300 respondents from both countries. The results revealed that within the eight dimensions of online banking service quality, each of the countries have different experiences when it comes to “high tech” versus “high touch”. The study has also found significant differences between the perceptions of both SA and INA’s banking customers. By understanding the perceptions of online banking customers in two developing countries can assist financial institutions with the development of new services or technologies that will enhance the online banking experience.

scholarly journals Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis

2019 ◽  
Author(s):  
Matthew E. Kahn ◽  
Kamiar Mohaddes ◽  
Ryan N. C. Ng ◽  
M. Hashem Pesaran ◽  
Mehdi Raissi ◽  
...  
Keyword(s):  
Climate Change ◽  
Country Analysis ◽  
Macroeconomic Effects ◽  
Cross Country

Religion and Institutional Quality: Long-Term Effects of the Financial Systems in Protestantism and Islam

2020 ◽  
Vol 52 (3) ◽  
pp. 433-454
Author(s):  
Rasmus Broms ◽  
Bo Rothstein
Keyword(s):  
Cultural Values ◽  
Ottoman Empire ◽  
Institutional Quality ◽  
Long Term Effects ◽  
Norms And Values ◽  
Micro Level ◽  
Cross Country ◽  
Virtuous Cycle ◽  
Parish System

Religion is one of the most commonly cited explanations for cross-country variation in institutional quality. In particular, Protestantism, and the cultural values that follow from its doctrine, has been identified as particularly beneficial. Nevertheless, micro-level studies provide little evidence for religion producing norms and values conducive to good institutions. We propose an alternate explanation for the observed macro-level variation: historical systems for local religious financing, contrasting the medieval parish system in Northwestern Europe, where members collectively paid for and administrated religious services as public goods, with the Ottoman Empire, where such goods were normally provided through endowments from private individuals and tax collection was comparatively privatized. We argue that a legacy of collective financing and accountability in the former region created a virtuous cycle of high state capacity and low corruption, reverberating to this day as good institutions.

Book Reviews

2019 ◽  
Vol 57 (3) ◽  
pp. 702-704
Keyword(s):  
Cultural Context ◽  
Historical Perspectives ◽  
European Banking ◽  
Country Analysis ◽  
Cross Country ◽  
Over Time

Kim Oosterlinck of Université Libre de Bruxelles reviews “Financial Elites and European Banking: Historical Perspectives,” edited by Youssef Cassis and Giuseppe Telesca. The Econlit abstract of this book begins: “Nine papers look at the role of financial elites in different European societies and markets over time, providing historical comparisons and cross-country analysis of their adaptation and contribution to the transformation of the national and international regulatory/cultural context in the wake of a crisis in a long-term perspective.”

Jumping off of the Great Gatsby curve: how institutions facilitate entrepreneurship and intergenerational mobility

2014 ◽  
Vol 10 (2) ◽  
pp. 231-255 ◽  
Author(s):  
CHRISTOPHER J. BOUDREAUX
Keyword(s):  
Income Inequality ◽  
Property Rights ◽  
Institutional Quality ◽  
Income Mobility ◽  
Secondary Importance ◽  
Great Gatsby ◽  
Institutional Determinants ◽  
The Great Gatsby ◽  
Country Analysis ◽  
Cross Country

Abstract:Income inequality is often attributed to declines in income mobility following the Great Gatsby curve, but this relationship is of secondary importance in determining the factors of income mobility if one considers that changing rules is more important than changing outcomes under defined rules. Rather, improvements in institutional quality are hypothesized to increase income mobility by allowing entrepreneurs the freedom to pursue their dreams. This paper is the first to empirically analyze the institutional determinants behind entrepreneurship, and their effect on income mobility. The findings from a cross-country analysis suggest that secure property rights and less corruption are associated with less income persistence, leading to higher income mobility, independent of the Great Gatsby effect. This suggests that reducing corruption and protection of property rights increase income mobility through the channels of entrepreneurship.

scholarly journals Does Institutional Quality Strengthen the Globalization-growth Nexus? A Cross Country Analysis

2021 ◽  
Author(s):  
Shahid Ali ◽  
Naved Ahmad
Keyword(s):  
Growth Models ◽  
Institutional Quality ◽  
Institutional Development ◽  
Economic Globalization ◽  
Threshold Level ◽  
Marginal Effect ◽  
Robust Model ◽  
Country Analysis

Abstract In this study, we examine the role of institutional development in the globalization growth nexus. We have used the System GMM technique for a sample of 124 countries from 1996 to 2019. We found that countries with improved quality of institutions get more benefited from economic globalization. Hence, policy complementarities are the pre-requisites for the relationship between economic globalization and growth. Through analysis of the marginal effect, we found a minimum threshold level of institutional quality. This study also performs sensitivity analysis by comparing the results of the different econometric techniques. Consequently, we have run hundreds of regressions with various growth models to get the most stable and robust model.

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