This paper examines the causal relationship between financial development, economic growth and financial crisis in the five Asian emerging economies (India, Indonesia, South Korea, Malaysia and Thailand) during the period 1982 to 2007. All of these countries are known as emerging economies with...

The Organization of the Islamic Conference (OIC) is the second largest inter-governmental organization after the United Nations Organization (UNO) with its 57 members. But until now, the OIC has not focused on economic integration as a whole. Several OIC countries members initiate to build the...

The most important indicator of the impact of global economic crisis is a condition of balance of payments. The economic crisis will cause foreign reserves and current account depressed. So that it can be stated that the impact of the global financial crisis is a crisis of balance of payments....

This paper examines the causal relationship between financial development, economic growth and financial crisis in the five Asian emerging economies (India, Indonesia, South Korea, Malaysia and Thailand) during the period 1982 to 2007. All of these countries are known as emerging economies with...

This paper examines whether convergence of real income exists among the Association of South East Asian Nations (ASEAN) and South Asian Association for Regional Cooperation (SAARC) countries for the period covering 1970-2009. Univariate Lagrange Multiplier (LM) unit root tests with structural...

With special emphasis on the influence of stock market development, this paper examines the impact of financial development on economic growth in selected African countries over the period from 1990 to 2009. Using the GMM approach, results suggest that African stock market, in terms of...