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The impact of financial liberalization on economic growth in sub-Saharan Africa

Akinsola, Foluso A.; Odhiambo, Nicholas M. - In: Cogent Economics & Finance 5 (2017) 1, pp. 1-11

This study examines the impact of financial liberalization on economic growth, given the discrepancy and the gap in the literature, using a sample of 30 sub-Saharan African (SSA) countries. The study applies a dynamic panel estimation to examine the special role of financial liberalization and...

Persistent link: https://www.econbiz.de/10011988771

Systemic Crisis and Growth Revisited: Has the Global Financial Crisis Marked a New Era?

Steinkamp, Sven; Westermann, Frank - 2018

Occasional crises have been shown to be part of growth enhancing mechanism (see Rancière, Tornell and Westermann, 2008). In this paper, we document that neither the stereotypical case study of India vs. Thailand, nor the benchmark growth-regression in this earlier research support this result...

Persistent link: https://www.econbiz.de/10011872151

Systemic crisis and growth revisited: Has the global financial crisis marked a new era?

Steinkamp, Sven; Westermann, Frank - 2018

Persistent link: https://www.econbiz.de/10011926737

Consumption and wealth in the long run: an integrated unobserved component approach

Gardberg, Malin; Pozzi, Lorenzo - 2018

The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly calculated from the estimation of a log-linear version of the household intertemporal budget constraint as a cointegrating relationship between consumption, assets and earnings...

Persistent link: https://www.econbiz.de/10011932317

Financial Reform and Development in the Philippines, 1980-1997: Imperatives, Performance and Challenges

Llanto, Gilberto M.; Intal, Ponciano Jr. S. - 1998

regulation and stable macroeconomic environment. Recommendations regarding regulation, supervision and monitoring in the sector …

Persistent link: https://www.econbiz.de/10011935809

Will financial liberalization trigger the first crisis in the People's Republic of China? Lessons from cross-country experiences

Gou, Qin; Huang, Yiping - 2018

to participate in financial regulation. …

Persistent link: https://www.econbiz.de/10011944202

Financial Development and Economic Growth: Experiences of Selected Developing Economies

Ahmed, Syed; Horner, James; Rafiq, Rafiqul Bhuyan - 2008

The last two decades of the twentieth century witnessed a series of financial reforms in emerging economics of Asia, Africa and Latin America. The seminal works of R.I. McKinnon and E.S. Shaw, which attribute the slow growth of these economies to financial repression, inspired many of these...

Persistent link: https://www.econbiz.de/10009444764

Banking Industry Liberalization, Franchise Values and Deposits Mobilization: Evidence From International Panel Data

Laurenceson, James - 2004

Banking industry liberalization in China has gained pace. The theoretical underpinning of this policy approach is the McKinnon-Shaw hypothesis, which contends that a liberalized financial sector will maximize the quantity of deposits mobilized and optimize the efficiency with which these funds...

Persistent link: https://www.econbiz.de/10009448007

Essays on Multiple Exchange Rate Systems

Avellan, Leopoldo Martin - 2005

This dissertation measures the impact of multiple exchange rate systems on economic performance and on net capital flows in developing countries. The literature on the effectiveness of capital controls has some problems. Two of them are that it often ignores the endogeneity of capital controls,...

Persistent link: https://www.econbiz.de/10009450945

Rural financial markets in Tanzania:an analysis of access to financial services in Babati district, Manyara region

Bee, Faustine Karrani - 2007

in supervision and regulation of financial institutions was strengthened. Following the privatization of the financial … strengthened in terms of price stability, supervision and regulation. Although there is an increase in financial sector service … imbalances, their outreach, products and services are still limited. While there are improvement in supervision and regulation of …

Persistent link: https://www.econbiz.de/10009457708