This paper assesses how legal origin influences financial development through regulation quality and the rule of law …. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law … size. The results broadly support the benefits of law mechanisms in financial development. The findings only show partial …

This policy chapter summarises an evolving debate on the effect of foreign aid on corruption and institutions. It … institutions. Moreover, another debate on the incidence of foreign aid distortions on corruption is also assessed in light of a … recently celebrated literature on development assistance. Overall, the findings show that the effects of foreign aid on …

Education as a tool in the fight against corruption has been subject to much debate in academic and policy making … corruption. Second, there is evidence of an incremental effect in the transition from secondary to tertiary education. Third …, lifelong learning defined as knowledge acquired during primary, secondary and tertiary education negatively affects corruption …

A 2015 World Bank report on the achievement of Millennium Development Goals (MDGs) revealed that since the 1990s …’ postulates that: (i) one unit of currency deposited abroad represents a loss in financial development at home (ii) a fraction of …

Financial development indicators are often applied to countries/regions without taking into account specific financial … development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development … context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD …

components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity … account for government quality dynamics of corruption-control, government-effectiveness, voice and accountability, political …

policy recommendation, the role of sound political institutions is crucial for financial development in Africa. Democracies … stock market development in the African continent. Originality/value - To the best of our knowledge this is the first paper … plagued many African countries and continue to pose a significant threat to financial market development. …

This paper focuses on how political regimes affect financial development in Africa, contingent on religious … propensity to effect policies that favour the development of financial intermediary depth, activity and size. Democracy has … policies towards financial development. As a policy implication, once democracy is initiated, it should be accelerated (to edge …

development has taken place in developing countries. Design/methodology/approach - In framing the financial dimension in a more … financial development benefits of financial globalization. The estimation approach consists of assessing the impact of financial … globalization through-out the conditional distributions of domestic financial development dynamics. Findings - The introduction of …