Showing 1 - 10 of 1,126
This paper revisits financial market integration in the European Economic and Monetary Union, using a threshold vector error-correction model (TVECM) for a fixed rolling window. This approach enables us to analyze the dynamics of transaction costs and detect any co-movements with (policy...
Persistent link: https://www.econbiz.de/10013316906
reforms which aim at opening these countries to trade and financial channels to the rest of the world. The estimation of time …
Persistent link: https://www.econbiz.de/10013316796
This paper examines financial spillovers between the four largest equity markets (by market capitalization) in the GCC region using a VAR-GARCH (1,1) framework that sheds light on interdependence as well as the effects of the 2014 oil crisis. Since the UAE is a federation including two stock...
Persistent link: https://www.econbiz.de/10012867875
Economic theory predicts that consumption growth rates should be highly correlated across countries. Empirical evidence …
Persistent link: https://www.econbiz.de/10013317001
This study examines the impact of financial integration on economic growth in the case of 31 European countries over … the period from 2000 to 2021 using dynamic panel data models. The estimation results provide evidence of significant … positive effects of financial integration on economic growth. They also suggest that the financial integration – economic …
Persistent link: https://www.econbiz.de/10014346251
thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take …
Persistent link: https://www.econbiz.de/10010261393
financial integration predict better growth prospects; (c) both advances in financial integration and globalization are … associated with higher growth, lower growth volatility, and lower probabilities of severe declines in real activity. Advances in … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …
Persistent link: https://www.econbiz.de/10010280851
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including … openness tends to strengthen financial development in the long run but to have an adverse effect in the short run. By contrast …
Persistent link: https://www.econbiz.de/10013227601
The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10010266058
reforms which aim at opening these countries to trade and financial channels to the rest of the world. The estimation of time …
Persistent link: https://www.econbiz.de/10010264238