Showing 1 - 10 of 31
The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...
Persistent link: https://www.econbiz.de/10011409823
which freedoms channels are poverty and inequality mitigated? With the instrumentality of formal institutions: (1) de jure … (poverty). Hence, economic freedom does not stop the wealthy from growing wealthier, but at the same time provides for … conditions that mitigate poverty. The findings broadly show that, despite the substantially documented negative incidences of …
Persistent link: https://www.econbiz.de/10011409995
the media and research landscapes. However, rigorous empirical content backing such claims, particularly, on both poverty … analyse the poverty and income inequality effects of globalisation and resource allocation in the region. Using data from the … World Bank's Poverty and Equity Database for the period 1990-2019, we provide estimates robust to several econometric …
Persistent link: https://www.econbiz.de/10012589957
Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographic isolation and financial development across the globe. We find that pre-historic geographical isolation has been beneficial to...
Persistent link: https://www.econbiz.de/10011496342
We assess the correlations between intelligence and financial development in 123 countries using data averages from 2000-2010. Human capital is measured in terms of IQ, cognitive ability & cognitive skills, while financial development is appreciated both from financial intermediary and stock...
Persistent link: https://www.econbiz.de/10011409062
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011410416
This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
Persistent link: https://www.econbiz.de/10011410623
This chapter examines how the Covid-19 pandemic has affected financial development and financial inclusion in African countries. The study provides both broad perspectives and country-specific frameworks based on selected country cases studies. Some emphasis is placed on the achievement of...
Persistent link: https://www.econbiz.de/10012798307
This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
Persistent link: https://www.econbiz.de/10012251924
In the aftermath of the 2008 global financial crisis, the implications of financial liberalisation for stability and economic growth has come under increased scrutiny. One strand of literature posits a positive relationship between financial liberalisation and economic growth and development....
Persistent link: https://www.econbiz.de/10011698477