G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11872
DP11872 Follow the money: Does the financial sector intermediate natural resource windfalls?
Thorsten Beck; Steven Poelhekke
发表日期2017-02-22
出版年2017
语种英语
摘要The need to absorb windfalls gains and manage them appropriately has been discussed extensively by academics and policy makers alike. We explore the role of the financial sector in intermediating these windfalls.. Controlling for the level of financial development, inflation, GDP growth and country fixed-effects, we find a relative decline in financial sector deposits in countries that experience an unexpected natural resource windfall as measured by shocks to exogenous world prices. Moreover, we find a similar relative decline in lending, which is mostly due to the decrease in deposits. The smaller role for the financial sector in intermediating resource booms is accompanied by a stronger role of governments in channeling resources into the economy, mostly through higher government consumption.
主题Financial Economics
关键词Natural resources Financial development Banking
URLhttps://cepr.org/publications/dp11872
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540684
推荐引用方式
GB/T 7714
Thorsten Beck,Steven Poelhekke. DP11872 Follow the money: Does the financial sector intermediate natural resource windfalls?. 2017.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Thorsten Beck]的文章
[Steven Poelhekke]的文章
百度学术
百度学术中相似的文章
[Thorsten Beck]的文章
[Steven Poelhekke]的文章
必应学术
必应学术中相似的文章
[Thorsten Beck]的文章
[Steven Poelhekke]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。