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Finance and growth in a small open emerging market
Law, Siong Hook; Azman-Saini, W.N.W.; Smith, Peter - Volkswirtschaftliche Fakultät, … - 2006
This study contributes to the debate on financial development and economic growth in Malaysia using quarterly observations for a sample period from 1980 to 2002. It utilises a battery of financial indicators. Based on multivariate framework which takes real interest rate and capital stock into...
Persistent link: https://www.econbiz.de/10005260031
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The Allocation of Economic Capital in Opaque Financial Conglomerates
Mierzejewski, Fernando - 2009
The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
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African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment
Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2012
This paper dissects with great acuteness, the issues of convergence in financial performance dynamics in the African continent through the lenses of stock market capitalization, value traded, turnover and number of listed companies. The empirical evidence is premised on 11 homogenous panels...
Persistent link: https://www.econbiz.de/10009422010
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FDI and Local Financial Market Development:A Granger Causality Test Using Panel Data
Abdel Aal Mahmoud, Ashraf - Volkswirtschaftliche Fakultät, … - 2010
This paper reports the findings of Granger causality tests on the relationship between foreign direct investment (henceforth, FDI) and local financial market development across 62 countries from 1996 to 2007. In this paper we explore whether local financial market development is important in...
Persistent link: https://www.econbiz.de/10008615015
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Do financial systems converge? A Comprehensive panel data approach and new evidence from a dataset for 102 countries
Veysov, Alexander; Stolbov, Mikhail - Volkswirtschaftliche Fakultät, … - 2011
This paper is to investigate the existence of β- convergence and σ- convergence for financial institutional characteristics for the dataset of 102 countries from 1980 to 2009. The research is based on panel data econometric models and 10 financial depth indicators. The partial effects of...
Persistent link: https://www.econbiz.de/10011260719
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Financial development and manufactured exports: the african experience
Wamboye, Evelyn; Mookerjee, Rajen - Volkswirtschaftliche Fakultät, … - 2013
Using a sample of twenty nine African countries for which adequate time series data are available this paper explores the nexus between financial development and manufactured exports. This particular relationship is especially important in the context of Africa since export diversification away...
Persistent link: https://www.econbiz.de/10011260902
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Do financial systems converge? A Comprehensive panel data approach and new evidence from a dataset for 102 countries
Veysov, Alexander; Stolbov, Mikhail - Volkswirtschaftliche Fakultät, … - 2011
This paper is to investigate the existence of β- convergence and σ- convergence for financial institutional characteristics for the dataset of 102 countries from 1980 to 2009. The research is based on panel data econometric models and 10 financial depth indicators. The partial effects of...
Persistent link: https://www.econbiz.de/10009647242
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Does finance matter for growth? what the data show
Sarkar, Prabirjit - Volkswirtschaftliche Fakultät, … - 2011
This paper analyses the relationship between financial development (as measured by expansion of domestic credit to private sector relative to GDP) and growth for a sample of 65 less developed countries over a long period, 1980-2006. Using causality tests at various lag-orders we find a strong...
Persistent link: https://www.econbiz.de/10009277852
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Financial sector output and employment in Hong Kong and New York City
He, Dong; Yong, Ivy; Lim, Peter - Volkswirtschaftliche Fakultät, … - 2006
What is the future role for Hong Kong as an international financial centre in China? A few pointers can be found by analysing the role of New York as a national and global financial hub. The financial sector in New York currently employs twice as many people and generates four times as much...
Persistent link: https://www.econbiz.de/10005616971
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Bank regulation, supervision and efficiency during the global financial crisis
Swamy, Vighneswara - Volkswirtschaftliche Fakultät, … - 2014
In this study, using the World Bank’s Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the … bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS … countries, and highlight the ways in which bank regulation and supervision has changed during the crisis period. The study …
Persistent link: https://www.econbiz.de/10011113271