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A remarkable fact of the mushrooming remittances market is the absence of commercial banks as relevant players …. Furthermore, remittances have been identified as a potential catalyst for the financial deepening of receiving countries through …-period financial model of remittances without uncertainty. The formulation acknowledges, on the one hand, the altruism component of …
Persistent link: https://www.econbiz.de/10012530131
Most empirical analysis of the finance-growth nexus has used measures of financial development such as the ratio of monetary or financial assets to GDP to measure financial development. We argue that from a policy perspective measures of financial liberalisation or reform are of greater interest...
Persistent link: https://www.econbiz.de/10009441682
Results support Arestis’s theory, that low real interest rates do not prevent economic growth (though he related it to the regulation debate). Here in the deregulation environment, it also stands. Results also support Shaw’s assertion that financial liberalisation increases the monetary...
Persistent link: https://www.econbiz.de/10009476877
three dimensions by reviewing the existing literature and test them in the framework of a Panel Vector Autoregressive (PVAR … de un modelo de panel de Vectores Autorregresivos (PVAR). Los principales resultados, derivados del análisis de las …
Persistent link: https://www.econbiz.de/10012523684
This dissertation is an investigation into one of the important functions of the banking system: to transform short-term liquid deposits into long-term illiquid financial assets that can fund long gestation activities and, thus, raise the rate of economic growth. To investigate this function...
Persistent link: https://www.econbiz.de/10009463373
ESMA provides further details on trade reporting in updated EMIR Q&AThe European Securities and Markets Authority (ESMA) has issued today updated Question & Answers (Q&As) on the implementation of the European Markets Infrastructure Regulation (EMIR). These updated Q&As clarify, among others,...
Persistent link: https://www.econbiz.de/10010335226
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This research seeks to identify the factors that account for the variation in development levels across nations by focusing on the institutional components of development, especially the effects of financial market development on economic and political development. I argue that financial market...
Persistent link: https://www.econbiz.de/10009475007
The role of exports in economic growth continues to be debated and tested in the literature on trade an development. China is a new player in this debate with its rapid entry into international makrets. This paper extends some of the previous empirical studies on the relationship between exports...
Persistent link: https://www.econbiz.de/10009459104