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Are boards ‘substitute’ or ‘complement’ dividend payout? Econometric evidence for Indian banks 董事会是“替代”还是“补充”股息支付?印度银行的计量经济学证据
IF 1.5
Economic Notes Pub Date : 2022-01-07 DOI: 10.1111/ecno.12198
Madhur Bhatia, Rachita Gulati
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引用次数: 1
Are boards ‘substitute’ or ‘complement’ dividend payout? Econometric evidence for Indian banks 董事会是“替代”派息还是“补充”派息?印度银行的计量经济学证据
IF 1.5
Economic Notes Pub Date : 2022-01-07 DOI: 10.1111/ecno.12198
M. Bhatia, Rachita Gulati
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引用次数: 1
Issue Information (ECNO) 问题信息(ECNO)
IF 1.5
Economic Notes Pub Date : 2022-01-05 DOI: 10.1111/ecno.12187
{"title":"Issue Information (ECNO)","authors":"","doi":"10.1111/ecno.12187","DOIUrl":"https://doi.org/10.1111/ecno.12187","url":null,"abstract":"","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"51 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecno.12187","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72147801","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Monetarist arithmetic at COVID‐19 time: A take on how not to misapply the quantity theory of money COVID - 19时期的货币主义者算法:关于如何不误用货币数量理论的讨论
IF 1.5
Economic Notes Pub Date : 2021-12-30 DOI: 10.1111/ecno.12200
Julien Pinter
{"title":"Monetarist arithmetic at COVID‐19 time: A take on how not to misapply the quantity theory of money","authors":"Julien Pinter","doi":"10.1111/ecno.12200","DOIUrl":"https://doi.org/10.1111/ecno.12200","url":null,"abstract":"The COVID-19 crisis has revived an old heated debate on whether significant increases in the money supply ultimately lead to higher inflation. Some observers have alluded to the quantity theory of money for that purpose, though in our view, this has sometimes been in a misleading way. Against this background, this paper seeks to clarify several aspects of the quantity theory of money, which are useful to apply it fairly in the current world. First, we review the meaning of the velocity term in the quantity equation. We argue that it has no relevance as a behavioural concept: there is no such thing as a 'desired velocity'. Rather, income velocity should be seen as a variable deriving from a system of parameters and variables related to money demand, as the monetarist approach clearly puts it, with no intrinsic relevance. Second, we clarify the practical relevance that the quantity theory approach can bear in the 21st century. Third, we review the channels and assumptions underlying the asserted quantity theory link between money growth and inflation. In light of our analysis, we conclude that the high money growth rates seen since the pandemic outbreak are unlikely to translate into higher inflation rates.","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"21 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83721831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Monetarist arithmetic at COVID-19 time: A take on how not to misapply the quantity theory of money 新冠肺炎时期的货币主义算术:关于如何不滥用货币数量理论的思考
IF 1.5
Economic Notes Pub Date : 2021-12-30 DOI: 10.1111/ecno.12200
Julien Pinter
{"title":"Monetarist arithmetic at COVID-19 time: A take on how not to misapply the quantity theory of money","authors":"Julien Pinter","doi":"10.1111/ecno.12200","DOIUrl":"https://doi.org/10.1111/ecno.12200","url":null,"abstract":"<p>The COVID-19 crisis has revived an old heated debate on whether significant increases in the money supply ultimately lead to higher inflation. Some observers have alluded to the quantity theory of money for that purpose, though in our view, this has sometimes been in a misleading way. Against this background, this paper seeks to clarify several aspects of the quantity theory of money, which are useful to apply it fairly in the current world. First, we review the meaning of the velocity term in the quantity equation. We argue that it has no relevance as a behavioural concept: there is no such thing as a 'desired velocity'. Rather, income velocity should be seen as a variable deriving from a system of parameters and variables related to money demand, as the monetarist approach clearly puts it, with no intrinsic relevance. Second, we clarify the practical relevance that the quantity theory approach can bear in the 21st century. Third, we review the channels and assumptions underlying the asserted quantity theory link between money growth and inflation. In light of our analysis, we conclude that the high money growth rates seen since the pandemic outbreak are unlikely to translate into higher inflation rates.</p>","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"51 2","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecno.12200","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72169535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Technical efficiency of financial inclusion and human development: Insights from the Indian states 金融普惠与人类发展的技术效率:来自印度各邦的见解
IF 1.5
Economic Notes Pub Date : 2021-12-28 DOI: 10.1111/ecno.12199
Bhanu Pratap Singh, Anup Kumar Yadava
{"title":"Technical efficiency of financial inclusion and human development: Insights from the Indian states","authors":"Bhanu Pratap Singh, Anup Kumar Yadava","doi":"10.1111/ecno.12199","DOIUrl":"https://doi.org/10.1111/ecno.12199","url":null,"abstract":"","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"26 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83571393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Technical efficiency of financial inclusion and human development: Insights from the Indian states 金融包容性与人类发展的技术效率:来自印度各州的见解
IF 1.5
Economic Notes Pub Date : 2021-12-28 DOI: 10.1111/ecno.12199
Bhanu Pratap Singh, Anup Kumar Yadava
{"title":"Technical efficiency of financial inclusion and human development: Insights from the Indian states","authors":"Bhanu Pratap Singh,&nbsp;Anup Kumar Yadava","doi":"10.1111/ecno.12199","DOIUrl":"https://doi.org/10.1111/ecno.12199","url":null,"abstract":"<p>Financial inclusion programs are used as a major economic development tool in emerging economies. Human development is the major determinant of financial inclusion, creating opportunities for people to better access financial services. The study's major aim is to examine the technical efficiency of financial inclusion of Indian states by Data Envelopment Analysis using human development as input. To achieve this objective, a 3-dimensional Financial Inclusion Index (FII) is constructed for 28 major Indian states from 2010 to 2017. Empirical findings suggest most Indian states are under low and medium financial inclusion, and states with better human development have better FII status. Crucially, technical efficiency results reveal states with better human development perform better in terms of FII. The inconsistency in FII and human development ranks is majorly found in North-eastern and high-income Indian states. Therefore, policymakers in India should focus on promoting human development in low Human Development Index states.</p>","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"51 2","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72192244","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
From financial structure to economic growth: Theory, evidence and challenges 从金融结构到经济增长:理论、证据与挑战
IF 1.5
Economic Notes Pub Date : 2021-11-19 DOI: 10.1111/ecno.12197
Guangdong Xu
{"title":"From financial structure to economic growth: Theory, evidence and challenges","authors":"Guangdong Xu","doi":"10.1111/ecno.12197","DOIUrl":"https://doi.org/10.1111/ecno.12197","url":null,"abstract":"","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"15 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82134118","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
From financial structure to economic growth: Theory, evidence and challenges 从金融结构到经济增长:理论、证据和挑战
IF 1.5
Economic Notes Pub Date : 2021-11-19 DOI: 10.1111/ecno.12197
Guangdong Xu
{"title":"From financial structure to economic growth: Theory, evidence and challenges","authors":"Guangdong Xu","doi":"10.1111/ecno.12197","DOIUrl":"https://doi.org/10.1111/ecno.12197","url":null,"abstract":"<p>This paper surveys the theoretical and empirical literature on the contributions of financial structure to economic growth. Whereas the theoretical literature clarifies the channels through which banks and financial markets may affect resource allocation and hence economic performance, the empirical evidence on the connection between financial structure and economic growth is mixed. There are several methodological problems inherent in the literature, including disparate studies that have been frequently mixed and confused, unsolved econometric issues (endogeneity, heterogeneity and omitted variables) and failure to consider the interaction between banks and capital markets. More rigorous single-country studies are called for.</p>","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"51 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecno.12197","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72190513","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Community banks versus non‐community banks: Post the Great Recession 社区银行与非社区银行:大衰退后
IF 1.5
Economic Notes Pub Date : 2021-11-13 DOI: 10.1111/ecno.12196
A. Fayman, Su-Jane Chen, Timothy R. Mayes
{"title":"Community banks versus non‐community banks: Post the Great Recession","authors":"A. Fayman, Su-Jane Chen, Timothy R. Mayes","doi":"10.1111/ecno.12196","DOIUrl":"https://doi.org/10.1111/ecno.12196","url":null,"abstract":"","PeriodicalId":44298,"journal":{"name":"Economic Notes","volume":"17 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87855965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
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