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Persistent link: https://www.econbiz.de/10010353250
A remarkable fact of the mushrooming remittances market is the absence of commercial banks as relevant players …. Furthermore, remittances have been identified as a potential catalyst for the financial deepening of receiving countries through …-period financial model of remittances without uncertainty. The formulation acknowledges, on the one hand, the altruism component of …
Persistent link: https://www.econbiz.de/10012530131
Most empirical analysis of the finance-growth nexus has used measures of financial development such as the ratio of monetary or financial assets to GDP to measure financial development. We argue that from a policy perspective measures of financial liberalisation or reform are of greater interest...
Persistent link: https://www.econbiz.de/10009441682
Results support Arestis’s theory, that low real interest rates do not prevent economic growth (though he related it to the regulation debate). Here in the deregulation environment, it also stands. Results also support Shaw’s assertion that financial liberalisation increases the monetary...
Persistent link: https://www.econbiz.de/10009476877
which conditions the overall balance is a favorable one. An empirical analysis of these questions is based on a panel data …
Persistent link: https://www.econbiz.de/10009448648
This paper examines the dynamic impact of interest ratereforms on economic growth in Zambia—using two models in a stepwisefashion. In the first model, the efficacy of interest rate liberalization isexamined by regressing the interest rate on the level of financial deepening.In the second...
Persistent link: https://www.econbiz.de/10009457729
The causal relationship between financial development and economic growth is acontroversial issue. For developing countries, empirical studies have provided mixedresult. This study seeks to empirically explore the relationship and the causal linkbetween financial development and economic growth...
Persistent link: https://www.econbiz.de/10009457808
This thesis examines the relationship between the development of the financial systemand economic growth in the United Kingdom, using a time series econometricmethodology. It extends the existing literature in three ways. First, it applies adisaggregated approach, testing the relationship not...
Persistent link: https://www.econbiz.de/10009461286
This dissertation is an investigation into one of the important functions of the banking system: to transform short-term liquid deposits into long-term illiquid financial assets that can fund long gestation activities and, thus, raise the rate of economic growth. To investigate this function...
Persistent link: https://www.econbiz.de/10009463373
Evaluations of China's stock market range from extremely favourable assessments that emphasise GDP growth rates, financial depth or the rapid growth of privatisation to extremely negative assessments that favour market efficiency or short-term profitability to the exclusion of alternative...
Persistent link: https://www.econbiz.de/10009481514