In this paper, we empirically investigate the causal nexus between economic growth (GDP), CO2 emissions (environmental degradation), financial development, and trade openness using the ordinary least squares technique for a yearly panel data of 40 European economies, during the period of study...

This paper investigates the determinants of banking system fragility by underlining the impact of bank liberalization on banking stability during the process of financial liberalization in emerging and developed countries. To this effect, we adopted a panel model with spatial dependency from a...

The recent integration of the countries of the MENA region in globalization movement and the signing of the Euro-Med agreements with the European Union has naturally prompted researchers and economists to test the hypothesis of convergence towards the Europe. This paper, which is in this...

To find a lesson to US and UE banking crises, this paper studies the factors associated with the emergence of banking crises during the process of financial liberalisation in a large sample of cross-countries in 1989-1997 using a spatial Durbin model in a panel data econometrics. The empirical...

Purpose – The purpose of this paper is to focus on whether the deviations from the cointegrating relationship possess long memory and the fractional cointegration analyses may capture a wider range of mean-reversion behaviour than standard cointegration analyses. Design/methodology/approach...