National and International Aspects of Financial Development
Background:
This research will address both national and international aspects of the World Economy and Finance Programme, using interdisciplinary and multidisciplinary approaches.
The project will examine both analytically and empirically the sources and effectiveness of financial development, focussing on the role of institutions, such as law enforcement and the role of the state, and banking market structure, at different stages of development. The empirical analysis will utilise (i) panels of macroeconomic data for a large ste of countries (ii) microeconometric techniques and firm level data from Chinese economy, which presents an interesting case study of financial development.
The project will also provide new insights into the institutional aspects of the international financial system, aiming to develop policy options for reforming the governance of public and private authorities at national, regional and transnational levels, covering rules setting, enforcement and design issues.
Working Papers:
WEF0044
Multiple Equilibria in the Dynamics of Financial Globalization
Danny Cassimon and Bjorn Van Campenhout
WEF0039
Financial Liberalisation and Political Variables: a response to Abiad and Mody
Brian Burgoon, Panicos Demetriades, Geoffrey R D Underhill
WEF0038
Creditor Protection and Banking System Development in India
Simon Deakin, Panicos Demetriades, Gregory James
August 2008
WEF0036
Does the Chinese Banking System Promote the Growth of Firms?
Panicos O. Demetriades, Jun Du, Sourafel Girma, Chenggang Xu
February 2008
WEF0034
Political Economy Origins of Financial Markets in Europe and Asia
Svetlana Andrianova, Panicos Demetriades, Chenggang Xu
January 2008
WEF0026
Empirical Evidence on the New International Aid Architecture
Stijn Claessens, Danny Cassimon, Bjorn van Campenhout
June 2007
WEF0025
Markets, Institutions, and Transaction Costs: The Endogeneity of Governance
Geoffrey R D Underhill
June 2007
WEF0022
Financial Development, Openness and Institutions:Evidence from Panel Data
Badi H Baltagi, Panicos O Demetriades, Siong Hook Law
May 2007
WEF0015
The Political Economy of Global Financial Governance: The Costs of Basle II for Poor Countries
Stijn Claessens, Geoffrey R D Underhill, Xiaoke Zhang
Novemeber 2006
WEF0013
Norms, Legitimacy, and Global Financial Governance
Geoffrey R D Underhill, Xiaoke Zhang
September 2006
WEF0012
Openness, Institutions and Financial Development
Siong Hook Law, Panicos Demetriades
May 2006
WEF0011
Government Ownership of Banks, Institutions, and Financial Development
Svetlana Andrianova, Panicos Demetriades, Anja Shortland
May 2006
Journals, seminar papers and other publications:
S. Andrianova, P. Demetriades and A. Shortland “Government Ownership of Banks, Institutions and Financial Development”, Journal of Development Economics, article in press: Science Direct.
Dasgupta, A. with Leon-Gonzalez, R. and Shortland, A. (2006), “Regionality Revisited: An Examination of the Direction of Spread of Currency Crises”.
Researchers:
Professor P O Demetriades
Dr S Girma
University of Leicester
Dr S Andrianova
Dr C Xu
London School of Economics
Professor Geoffrey Underhill
University of Amsterdam
Professor Stijn Claessens
University of Amsterdam /
World Bank
Contact:
Professor P O Demetriades
Department of Economics
University of Leicester
University Road
Leicester
LE1 7RH
Tel: 0116 252 2835
email: p.demetriades@le.ac.uk
Duration of Research:
July 2005 - June 2007