The significance of natural resources in facilitating financial activity is crucial in achieving a nation's sustainable economic advancement. This research directed to investigate the consequences of economic growth, rents of natural resources, and capitalization on financial development within...

This paper studies the effect of settlement and mortality on the growth of African financial markets using the mediation of institutions over the period 1996-2017. A comparative result is based on two types of data bases. Firstly, the Acemoglu et al.'s (2001) database and the Albouy's (2006)...

Using a panel regression approach across 13 developing Asian economies from 1996Q1 to 2019Q4, this paper examines the extent of financial development as a transmission channel for mediating the "allocation puzzle" in capital flows. This puzzle pertains to why capital seems to flow to economies...

Central banks play a crucial role in promoting financial stability. They act as financial system stabilizers through their capacity to create liquidity and channel it to financial institutions and markets in times of stress - a role that has evolved and expanded substantially over the past 15...

This article provides empirical evidence on the zero-leverage phenomenon for a sample of European listed firms for the period 1995-2016. It is shown that there are two types of firms with zero leverage: the financially constrained firms that face obstacles in obtaining external finance, as...

How remittances contribute to the economies of remittance-receiving developing countries is a global issue. Considering Nepal as a highly remittance-receiving country, this paper primarily examines the impact of remittances on economic growth using annual time series data from 1980 to 2021. The...

We set out a stylised framework for the policies enacted to address the risks posed by systemically important institutions (SIIs) and to counter the too-big-to-fail (TBTF) problem, examining conceptually how far supervisory and resolution policies are complementary or substitutable. The...