Our paper uses a novel methodology to reexamine the relationship between financial development and economic growth in the era of sustainable development. Our empirical procedure deals with both functional-form misspecification bias as well as bias from endogenous regressors. It also provides an...

The concept of a market portfolio plays an important role in many financial theories and models. Knowledge of each asset's share of the invested capital markets is both useful information and a good starting point for investors considering the appropriate allocation to the asset. In our latest...

Why do countries differ so much in terms of their financial systems? Are banks and equity competing or complementary sources of financing for firms? To address these questions, I study various determinants of capital market development and whether these determinants favor one form of capital...

In the wake of the recent financial crisis, several commentators have suggested a transaction tax on financial markets. The potential consequences of such a tax could be hazardous to the financial markets affected as well as to the economy. In this paper, we review the relevant theoretical and...

After introducing some fundamental concepts of relevance to Islamic finance, this article describes investment funds used to make investments in the United States, lease (ijara) investment structures used for real estate investments in different jurisdictions (including the early development of...

This website of the Nederlandsche Bank (DNB) provides monetary and financial statistics for the Netherlands.

This study employs big data and text data mining techniques to forecast financial market volatility. We incorporate financial information from online news sources into time series volatility models. We categorize a topic for each news article using time stamps and analyze the chronological...

Latin America is a rapidly emerging economic region. As such, it is competing with Asian markets for attention and attractiveness. For decades, news about Latin America was not promising. However, in recent years, the major nations of Argentina, Brazil, Chile, Colombia, and Mexico have made...

This paper aims to study the determinants of financial deepening (FD) in Mexico. FD is measured as the fraction of total credit assigned to private sector as a proportion of GDP. The explanatory variables include: enforcing contracts (rule of law) and institutions; bank regulation; bank...