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The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
development. Financial institutions and markets anticipate future growth opportunities, were financial development tends to … accelerate growth through new firm formation, increasing access to external financing and boost firm growth. Using Industry level … sector development, financial structure and industry growth for the post-reform period. The results suggest a positive …
Persistent link: https://www.econbiz.de/10011110889
achieve a positive relationship between natural resources and economic growth in the long run. The main objective is to … economic growth, where sustainable economic growth can be guaranteed, only if the resource-rich country has good institutional …
Persistent link: https://www.econbiz.de/10013056564
This research demonstrates that international financial integration changes the way in which financial development affects inequality within a country. Specifically, both the cross-country analysis and the dynamic panel data analysis using data collected from more than 100 countries provide...
Persistent link: https://www.econbiz.de/10009386709
cross-border lending and industrial growth, the effect on financial development remains to be examined. Using principal …
Persistent link: https://www.econbiz.de/10011108860
the impact of financial integration on consumption growth volatility. More specifically, consumption growth volatility is …
Persistent link: https://www.econbiz.de/10005623415
growth are magnified or reduced by capital account liberalization. Our model shows that highly corrupt countries impose … economic growth in the highly corrupt countries and reducing the impacts in the less corrupt countries if capital account …
Persistent link: https://www.econbiz.de/10009386702
Our study analyses the extent of integration of the EU market for life and non-life insurance. The main integration indicator used is the market share (premium based) of foreign companies in domestic markets. For the calculation of this indicator, three different kinds of foreign presence are...
Persistent link: https://www.econbiz.de/10013136591
The integration process in the European banking sector considerably differs with regard to product types. Deep integration can be observed in the money market as well as the market for wholesale products. In contrast to that, a strong segmentation of national markets still exists in the field of...
Persistent link: https://www.econbiz.de/10013136603
globalization in Asia. There is little evidence that financial globalization has had a positive impact on growth for the world as a …. Compared to the global sample, there were more instances of a negative association between financial globalization and growth … growth in nearly a quarter of all cases. The negative association between financial globalization and growth is more …
Persistent link: https://www.econbiz.de/10011113616