金融学英语毕业论文范文 [4]
论文作者:英语论文论文属性:本科毕业论文 Thesis登出时间:2014-09-15编辑:yangcheng点击率:17674
论文字数:5428论文编号:org201409132210379027语种:英语 English地区:加拿大价格:免费论文
关键词:金融部门金融系统发展问题Economics EssayFinancial Sector
摘要:本文研究的是金融部门的发展问题,是一篇留学生金融学论文,金融部门是一套机构、工具、市场机制,同时还包括允许通过信贷扩展交易的法律和监管框架。当金融工具、市场和中介机构相互配合减少了信息,执法和交易成本时,部门就会得到发展。
will grow faster over the next decades. Since the financial system mobilizes savings, allocates these savings, reduces risk, generates liquidity, and facilitates trade by extending credit and guaranteeing payments.
3.4. Importance of Financial Sector Development for Poverty Reduction
Financial development affects poverty in two ways. On the one hand, financial development reduce poverty indirectly by stimulating growth and directly by facilitating transactions and allowing the poor to benefit from financial services that increase their income and enhance their ability to undertake profitable investments and other activities, and they concludes that financial development is more stronger with the direct effect than the effect through economic growth .On the other hand, to the extent that instability arises at various stages of the financial development process, it demonstrably undermines poverty reduction because the poor are generally more vulnerable than the rich to unstable and malfunctioning financial institutions and indirectly through negative macroeconomic impacts . In general, financial instability hurts the poor and partially offsets the benefit of financial development (Jeanneney and Kpodar 2008) .
Similarly, Ghufran and et al find out that financial sector development have strong impact on poverty reduction. The banking sector, stock market and bond market have the positive impact on poverty reduction. Besides the study shows that the positive relation between concentration and overhead cost with poverty. As concentration decreases the number of rival in banking sector because different banks merge with one another and also decreases the choices with the customers, and the increase of overhead cost is also harmful for financial sector development if it is not fairly managed.
The empirical analysis of Inove and Hamori also conclude that financial deepening has significant positive effect on poverty ratio in India. They measure financial deepening by the credit amounts or deposit amounts of the schedule commercial bank, this indicates that the development of banking sector has been beneficial for the poor India.
4. Financial sector development in Ethiopia
4.1. An overview of the structure of Ethiopia's financial sector
The Imperial era (prior to 1974)
In 1905, the foreign-owned Bank of Abyssinia was established and the Ethiopian banking sector started to develop. The bank was purchased by the government in 1931 and renamed Bank of Ethiopia, the first nationally owned bank on the African continent. After a period of Italian and British bank ownership in the 40’s and 50’s, the Monetary and Banking Proclamation No 206 of 1963 stipulated that a banking license was granted only to partnerships with Ethiopian ownership of at least 51% of the capital (Bekezela Ncube, 2008).
In the meantime, the State Bank of Ethiopia was established as the Central Bank of Ethiopia. As an agent of the Ministry of Finance and as the principal commercial bank in the country, the Central Bank also engaged in all banking activities. The banking law of 1963 then determined the separation of commercial and central banking and created two separate entities, the National Bank of Ethiopia (NBE) as the Central Bank and the Commercial Bank of Ethiopia (CBE) (ibid).
The Derg era (1974 - 1990)
During the
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