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are slowing down the process of financial globalisation from trickling down to all parts of the world. This paper briefly … economic growth and financial wealth in different parts of the world. The paper analyses the process of financial globalisation …
Persistent link: https://www.econbiz.de/10012770533
dynamics of financial integration and assesses whether advances in financial integration and globalization yield the beneficial … financial integration and globalization predict higher growth, lower growth volatility, as well as lower probabilities of … integration and globalization. Thus, financial integration and globalization appear to yield direct as well as indirect benefits …
Persistent link: https://www.econbiz.de/10013144840
This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
Persistent link: https://www.econbiz.de/10011410623
and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities … identified by the Financial Development and Structure Database of the World Bank …
Persistent link: https://www.econbiz.de/10012970431
This paper provides evidence for a significant relation between international financial markets’ integration and output volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country’s financial risk. Financial risk indicates a country’s...
Persistent link: https://www.econbiz.de/10009006765
This paper provides evidence for a significant relation between international financial markets' integration and output volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country's financial risk. Financial risk indicates a country's ability...
Persistent link: https://www.econbiz.de/10012989231
Persistent link: https://www.econbiz.de/10010188106
This paper provides evidence for a significant relation between international financial markets integration and output volatility. In the framework of a threshold model, it is empirically shown that this relation depends on the financial risk of a country. Financial risk is defined as the...
Persistent link: https://www.econbiz.de/10014212827
Persistent link: https://www.econbiz.de/10014327779
We investigate the effect of a stock market liberalization on industry growth in emerging markets. Consistent with the view that liberalization reduces financing constraints, we find that industries that are more externally dependent and face better growth opportunities grew faster following...
Persistent link: https://www.econbiz.de/10012940688