economic growth based on Chinese experiences during the period of 1979~2000. This study places more emphasis on the causality … running from economic growth to financial development contrary to the mainstream view, which asserts that the well …-functioning financial systems exert a large positive impact on economic growth via two channels- capital accumulation and technological …

prolonged increase in household debt compared to income conditions, which could constrain consumption and growth and increase … inflation and growth in its policy decisions, with some responsiveness to the increase in household debt. However, the … inflation, growth, and being mindful of household credit conditions is superior. It suggests that the policy of actively …

interest rate and stock prices is more relevant than the MCI in explaining aggregate demand and economic growth. On the other …

return and its' volatility of exchange rate, bond price, and stock price. We use monthly data and estimate 3-variables GARCH … foreign exchange and stock while it does not affect bond's return. The volatility of the return of all three financial …

significant relationship between the EDF calculated using bank stock prices and volatility in stock market is examined, reflecting …