In this paper, the authors revisit the nexus of financial development and FDI inflows in Chinese perspective, incorporating the vital role of institutional quality and other important variables in this paradigm. Using ARDL bound testing and VECM procedures, they establish causality by exploiting...

A number of studies have investigated the relationship between financial sector development and economic growth; however, the impact of bank profitability on economic growth is still unclear. We investigate the link between bank profitability and economic growth in the Asia-Pacific region over...

Ein leistungsfähiger Finanzplatz stützt sich auf starke Banken und liquide Kapitalmärkte. Je innovativer die Wirtschaft ist, desto mehr Risikokapital braucht sie. Die Finanzplatzstrategie verfolgt drei Stoßrichtungen: (i) Nachvollzug der internationalen Kapital-Regulierung und der...

This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention to uncertainty...