This paper considers the link between financial and economic development. It does so by using cointegration and ECM modelling. The test procedures used to suggest that the structure of the relationships between those two forms of development did not differ over the pre- and post- liberalisation...

Capital uncertain or risk assets are typically excluded from traditional broad monetary aggregates. Barnett et al (1997), however, extend the Divisia aggregation methodology to incorporate such assets. In addition, recent evidence provided by Drake et al (1998) auggests that risky assets are...

This paper is an econometric study of the links between financial and economic development, taking cognisance of financial deregulation, for Japan.

This paper focuses on the relationship between the monetary base and monetary aggregates in Japan via the money multiplier.

This paper investigates whether there are differential effects of monetary policy across bank size and business size in Japan, to test the presence of the "bank lending channel" of monetary policy.

This paper tests the extent to which convergence has been occurring between EU member states in the sources of funding for investment by non-financial corporations. The evidence from time series on 9 EU member countries during 1971-1996 suggests that bank lending (credit) remains the most...