The integration of financial markets and growth- the role of banking regulation and supervision

• Autorzy: Katarzyna Sum
• Języki publikacji: EN

Abstrakty

EN

The study is aimed at investigating the role of banking regulation and supervision in the relation between financial integration and long term growth by means of dynamic panel model estimation. The study covers a sample of 69 countries during the period 1975-2007.The study gives some new results on the impact of banking regulation on the investigated relation. Banking regulation can turn the negative impact of financial integration on growth into positive. Moreover the results indicate that the respective banking regulatory features play various roles in shaping the effects of financial integration on growth. (original abstract)

Słowa kluczowe

EN

Economic growth; Empirical researches; Financial integration; Bank regulations

PL

Wzrost gospodarczy; Badania empiryczne; Integracja finansowa; Regulacje bankowe

• Czasopismo: Roczniki Kolegium Analiz Ekonomicznych / Szkoła Główna Handlowa
• Rocznik: 2012
• Numer: nr 26 Modelowanie danych panelowych : teoria i praktyka. Cz. 1
• Strony: 129--142

Twórcy

autor

Katarzyna Sum

• Szkoła Główna Handlowa w Warszawie

Bibliografia

• Babecký J., Komárek L., Komárková Z., Financial Integration of Stock Markets among New EU Member States and the Euro Area, "Warwick Economic Research Papers" 2010, no. 849.
• Barro R., Lee W., International Data on Educational Attainment: Updates and Implications, CID Working Paper 2000, no. 42, http://www.hks.harvard.edu/centers/cid/publications/ aculty-working-papers/ cid-working-paper-no.- 42.
• Barth J., Caprio G., Levine R., Bank regulation and supervision: what works best?, "Journal of Financial Intermediation" 2004, vol. 13, pp. 205-248.
• Bonfiglioli A., Financial Integration, Productivity and Capital Accumulation, "Journal of International Economics" 2008, vol. 76 (2), pp. 337-355.
• Cetorelli N., Goldberg L., Global Banks and International Shock Transmission: Evidence from the Crisis, "IMF Economic Review" 2011, vol. 59 (1), pp. 41-76.
• Demirgüc-Kunt A., Detragiache E., Basel Core Principles and bank soundness. Does compliance matter?, "Journal of Financial Stability" 2011, vol. 7 (4), pp. 179-190.
• Glaeser E., La Porta R., Lopez de Silanes F., Schleifer A., Do institutions cause growth?, "Journal of Economic Growth" 2004, vol. 9 (3), pp. 271-303.
• Kaufmann D., Kraay A., Mastruzzi M., The Worldwide Governance Indicators, Methodology and Analytical Issues, World Bank (Washington), Policy Research Working Paper 2010.
• Kose M., Prasad E., Terrones M., How Does Financial Globalization Affect Risk Sharing? Patterns and Channels, International Monetary Fund (Washington), Working Papers 2007, no. 07/238.
• Kose M., Prasad E., Taylor A., Thresholds in the Process of International Financial Integration, Institute for the Study of Labor (Bonn), IZA Discussion Paper 2009, no. 4133.
• Levine R., Zervos S., Stock Markets, Banks, and Economic Growth, "The American Economic Review" 1998, vol. 88 (3), pp. 537-558.
• Loayza N., Ranciere R., Financial Development, Financial Fragility, and Growth, "Journal of Money, Credit, and Banking" 2006, vol. 38 (4), pp. 1051-1076.
• Mankiw G., Romer D., Weil D., A Contribution to the Empirics of Economic Growth, "The Quarterly Journal of Economics" 1992, vol. 107 (2.), pp. 407-437.
• Osada M., Saito S., Financial Integration and Economic Growth: An Empirical Analysis Using International Panel Data from 1974-2007, Paper for the third annual workshop of the BIS Asian Research Networks held on March 26, 2010, http://www.bis.org/repofficepubl/arpresearch201003.13.pdf.