Achtung: hohPublica wurde am 18.11.2024 aktualisiert. Falls Sie auf Darstellungsfehler stoßen, löschen Sie bitte Ihren Browser-Cache (Strg + Umschalt + Entf). *** Attention: hohPublica was last updated on November 18, 2024. If you encounter display errors, please delete your browser cache (Ctrl + Shift + Del).

Institut für Financial Management

Permanent URI for this collectionhttps://hohpublica.uni-hohenheim.de/handle/123456789/23

Browse

Browsing Institut für Financial Management by Person "Gehrung, Marcel"

Type the first few letters and click on the Browse button
Now showing 1 - 1 of 1
  • Thumbnail Image
    Publication
    Financial development and its effects on the structure of banking systems, economic growth, and inequality
    (2022) Gehrung, Marcel; Burghof, Hans-Peter
    Besides the well-known factors for economic growth and income inequality such as globalization, technological progress, demographic change, or human capital acquisition, financial development is often overlooked. This dissertation uses the case of the Single Banking License on the harmonized European Financial Market to show how financial liberalization and the abolishment of financing constraints improve economic growth and closes the gap between top and bottom income shares in the European Union. In the second part of the thesis, with the use of a worldwide data set, we show that the actual access to financial services through a widespread network of bank branches and ATM machines is one of the major channels through which financial development affects economic growth and inequality. These two examples argue in favor of the supply-leading hypothesis of financial development. The third part of the thesis then gives proof for the demand-following side of financial development. By means of a novel and hand-picked data set of historical contracts for contractual saving for housing (Bausparen) from one of the first building societies in the Weimar Republic, the Gemeinschaft der Freunde Wüstenrot, we show how this new financial product spread geographically across the German Empire and across social classes. The fact that especially the upper lower class and lower middle class used CSH most frequently shows that CSH is a prime example of financial development. Meanwhile, the need for this new form of housing finance stems from an insufficient credit supply of common banks and only little subsidies by the state.