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current global crisis and the Asian financial crisis have become evident. Solid domestic institutions, especially in the …
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Purpose - The issue of which financial initial conditions are necessary to materialize the benefits of financial globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of financial threshold conditions in order to give...
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and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities … documented issue of surplus liquidity in African financial institutions. Moreover, the sceptical view in the financial … Financial Development and Structure Database of the World Bank. …
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This paper examines how the 1990s capital account liberalization policy trend affected international capital flows, and tests a new hypothesis that the depth and efficiency of the domestic financial system impacts the efficacy of capital account policy. The paper exploits a recently published...
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