Do trade and financial openness matter for financial development? Bank-level evidence from emerging market economies

2018 ◽  
Vol 44 ◽  
pp. 434-458 ◽  
Author(s):  
Badar Nadeem Ashraf
Keyword(s):  
Financial Development ◽  
Emerging Market ◽  
Emerging Market Economies ◽  
Development Bank ◽  
Financial Openness ◽  
Market Economies

scholarly journals Financial development and poverty reduction in emerging market economies

2017 ◽  
Vol 64 (5) ◽  
pp. 593-606 ◽  
Author(s):  
Yılmaz Bayar
Keyword(s):  
Financial Development ◽  
Poverty Reduction ◽  
Structural Breaks ◽  
Banking Sector ◽  
Positive Impact ◽  
Emerging Market ◽  
Unit Root Test ◽  
Emerging Market Economies ◽  
Cross Sectional ◽  
Market Economies

Poverty reduction is one of the key challenges in the globalized world. This study investigates the relationship between financial development and poverty reduction in emerging market economies during the period 1993- 2012. The Carri?n-i-Silvestre, del Barrio-Castro, and L?pez-Bazo (2005) panel unit root test and the Basher and Westerlund (2009) cointegration test was applied considering the cross-sectional dependence and multiple structural breaks in the study period. The findings indicated that financial development, including banking sector development and stock market development, had a significant positive impact on poverty reduction in emerging market economies.

Impact of financial development and economic growth on energy consumption: A panel vector autoregressive analysis for the comparison of G7 and top 10 emerging market economies

2021 ◽  
pp. 0958305X2110041
Author(s):  
Alper Aslan ◽  
Onur Gozbasi ◽  
Buket Altinoz ◽  
Mehmet Altuntas
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Banking Sector ◽  
Emerging Market ◽  
Bond Market ◽  
Market Development ◽  
Emerging Market Economies ◽  
Market Economies ◽  
Long Run

The aim of this paper is to investigate the relationship between energy consumption, financial development, and economic growth in the case of the G7 economies and emerging market economies. To this end, the role of the banking sector, as well as data from both the stock and the bond market, are explicitly used to proxy financial development. It is used the panel VAR method for the data period from 1990 to 2015. The results illustrate that there is a positive link between the stock market development and energy consumption in both G7 and top 10 emerging market economies in the long run. Also, while banking sector development in G7 countries decreases energy consumption in the long run, increases it in emerging market economies. Another aspect of the results is the determination of the energy-enhancing effect of the bond market development in the G7 countries. Moreover, while the results once again emphasize the existence of the link between financial development and energy consumption, they differ in terms of developed and developing countries.

scholarly journals How Can Small States Like Iceland Work Effectively With International Financial Institutions?

2010 ◽  
Vol 5 (1) ◽  
Author(s):  
Hilmar Þór Hilmarsson
Keyword(s):  
Private Sector ◽  
Financial Institutions ◽  
Emerging Market ◽  
Small States ◽  
Emerging Market Economies ◽  
World Bank Group ◽  
International Financial Institutions ◽  
Policy Reforms ◽  
Development Bank ◽  
Market Economies

Conducting a constructive relationship with international financial institutions (IFIs) can be a challenge for small states like Iceland. Iceland is a member of the World Bank Group and the European Bank for Reconstruction and Development, but not a member of the regional development banks, i.e.: the Asian Development Bank, the Inter-American Development Bank and the African Development Bank. IFIs work both with the governments of emerging market economies in formulating and supporting policy reforms as well as with the private sector as private sector lead projects can help boost economic reconstruction in emerging markets. But can small states work effectively in partnership with IFIs? This article will discuss the challenges faced by small states in working with IFIs both when supporting government reforms in emerging market economies as well as when promoting private sector activities and investment in those economies.

scholarly journals Financial Development and Unemployment in Emerging Market Economies

2016 ◽  
Vol 63 (2) ◽  
pp. 237-245 ◽  
Author(s):  
Yilmaz Bayar
Keyword(s):  
Data Analysis ◽  
Financial Development ◽  
Negative Impact ◽  
Emerging Market ◽  
Panel Data Analysis ◽  
Financial Sector ◽  
Emerging Market Economies ◽  
Domestic Investment ◽  
Economic Implications ◽  
Market Economies

Financial sector has experienced significant expansion together with accelerating financial globalization in recent years and had important positive and negative economic implications for all the economies. This study investigates the interaction among unemployment, financial development and domestic investment in 16 emerging market economies during 2001-2014 period using panel data analysis. We found that there was long relationship among the variables and domestic investment had negative impact on the unemployment, while financial development had no significant impact on the unemployment. Furthermore, there was unidirectional causality from development of financial sector to unemployment.

Sign in / Sign up

Export Citation Format

Share Document