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On the Growth Effect of Stock Market Liberalizations
Gupta, Nandini - 2018
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
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Financial development : a broader perspective
Reid, Richard - 2010
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … may be more fruitful for today's emerging world to concentrate more on addressing the needs of savers and borrowers in … each individual system. A major lesson for the emerging world from past financial development is that there are risks …
Persistent link: https://www.econbiz.de/10008907303
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Financial Development : A Broader Perspective
Reid, Richard - 2011
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … may be more fruitful for today's emerging world to concentrate more on addressing the needs of savers and borrowers in … each individual system. A major lesson for the emerging world from past financial development is that there are risks …
Persistent link: https://www.econbiz.de/10013132042
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Financial Market Reform and Skill-Intensive Industry Growth
Martinsson, Gustav - 2014
Financial markets in most developed economies were open to foreign investors before 1980, yet these countries continued to reform their financial systems dramatically in subsequent decades. During the same time period, high-skill industries become increasingly important; for example, in the US...
Persistent link: https://www.econbiz.de/10013063144
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The Great Reversals : The Politics of Financial Development in the 20th Century
Rajan, Raghuram - 2000
cross-section and over time. In periods of free capital movement world-wide, a country’s level of financial development is …
Persistent link: https://www.econbiz.de/10012446566
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Three essays on financial development in emerging markets
Diekmann, Katharina - 2012
Persistent link: https://www.econbiz.de/10010212785
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Regulating Financial Innovation : A Multifaceted Challenge to Financial Stability, Consumer Protection, and Growth
Avgouleas, Emilios - 2019
The chapter reconceptualizes financial innovation. In this context, it discusses the risks of financial innovation and contemporary regulatory reforms addressing those risks. It provides a critique of contemporary reforms. Finally, it stresses the need for a new framework to regulate financial...
Persistent link: https://www.econbiz.de/10012904840
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Does financial liberalization spur economic growth? : a meta-analysis
Brada, Josef C.; Iwasaki, Ichirō - In: Borsa Istanbul Review 24 (2024) 1, pp. 1-13
Based on a survey of 54 published articles, we undertake a meta-analysis of 906 estimates of the effects of financial liberalization on economic growth. We conclude that the literature contains statistically significant evidence of a positive effect of financial liberalization on economic...
Persistent link: https://www.econbiz.de/10014494195
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The Positive Link between Financial Liberalization, Growth and Crises
Tornell, Aaron; Westermann, Frank; Martinez Trigueros, … - 2021
There is no agreement regarding the growth-enhancing effects of financial liberalization, mainly because it is associated with risky international bank flows, lending booms, and crises. In this paper we make the case for liberalization despite the occurrence of crises. We show that in developing...
Persistent link: https://www.econbiz.de/10013319362
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The Link Between Capital Account Liberalization and Economic Growth : A Dynamic Panel Approach
Rachdi, Houssem; Saiidi, Hichem - 2008
The objective of this study is to rule on the correlation between liberalization of the capital account and economic growth. We were in particular interested in the channels of foreign direct investment and portfolio investment. Our empirical study was carried out on a sample of 100 developed...
Persistent link: https://www.econbiz.de/10014215694