investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether …

financial sector development for eight Asian developing economics. Design/methodology/approach This study uses panel … with financial development to have new insight impact of both on the lending rate in developing Asian economies. …, financial sector development decreases the lending rate and thus lowers cost of loan. It is also noted that the interactive term …

’s theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature …

Technology has changed and will continue to change the financial system. This paper proposes a set of tools that can …