The Integration of the Financial Markets and Growth Evidence from a Global Cross-Country Analysis

• Autorzy: Katarzyna Sum
• Języki publikacji: EN

Abstrakty

EN

The article is aimed at investigating the nexus between financial integration and growth and analyzing potential threshold effects in this relation for a sample of 69 countries during the period 1975-2007 by means of dynamic panel model estimation. The investigated thresholds are: financial depth, institutional quality and banking regulatory features. The obtained results confirm the majority of the results of related papers concerning the impact of the respective forms of financial integration on long term economic growth. The study gives also some new results on potential thresholds. The set of exercises points to a significant positive influence of restrictive banking regulation on the financial integration-growth nexus. (original abstract)

Słowa kluczowe

EN

Financial integration; Literature review; Economic growth; Banking; Bank regulations

PL

Integracja finansowa; Przegląd literatury; Wzrost gospodarczy; Bankowość; Regulacje bankowe

• Czasopismo: Bank i Kredyt
• Rocznik: 2012
• Numer: nr 3
• Strony: 47--70

Twórcy

autor

Katarzyna Sum

• Warsaw School of Economics, Poland

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