Financial development

Développement financier et croissance économique dans les Pais de l’UEMOA: y a-t-il des différences sectorielles?

Brou Emmanuel Aka
Savings and Development Vol. 34(2010), No. 3, pp. 343-368

This paper, firstly, takes advantage of the principal component analysis to build a synthetic financial development indicator for every state member of the West Africa Economic and Monetary Union (WAEMU). Secondly, it examines empirically the [...]

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Les banques étrangères en Asie du Sud-Est: le rôle des local claims

Delphine Lahet
Savings and Development Vol. 33(2009), No. 4, pp. 431-468

The aim of the article is to clarify the role of foreign banks in some Asian emerging countries and to estimate the consequences on economic and financial development. As a measure, we use local claims, and loans activities, of foreign banks’ [...]

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Financial liberalization and financial development in Iraq

Amar Hamad Khalaf and Athawale Sanhita
Savings and Development Vol. 33(2009), No. 4, pp. 377-404

This paper examines the impact of financial repression policies from 1970 to 2002, and the results of the financial liberalization polices between the years 2003-2007 on the financial development of Iraq. By using the Autoregressive Distributed Lag [...]

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Finance-growth nexus and inflation dynamics in Kenya: an empirical investigation

Nicholas M. Odhiambo
Savings and Development Vol. 33(2009), No. 1, pp. 7-25

This study takes a fresh look at the direction of causality between financial development and economic growth in Kenya by examining the impact of inflation on the finance-growth nexus. The empirical results reveal that economic growth Granger-causes [...]

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New estimates of the effect of financial liberalisation on economic growth in Nigeria

Babajide Fowowe
Savings and Development Vol. 32(2008), No. 3, pp. 205-225

The theory of financial liberalisation advocates the freeing up of financial markets so as to ensure a more efficient allocation of investment and a consequent improvement in economic growth. Nigeria’s experience with financial liberalisation [...]

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Financial liberalization, financial development and economic growth: evidence from Bangladesh

Sarkar Humayun Kabir and Hafiz Al Asad Bin Hoque
Savings and Development Vol. 31(2007), No. 4, pp. 431-448

Bangladesh started the process of financial liberalization since the late 1980’s. Like many other underdeveloped countries the consequences of financial liberalization in Bangladesh are dubious. Previous studies done in within the context of [...]

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Does financial development cause economic growth in the ASEAN-4 Countries?

Shabri Abd. Majid and Mahrizal
Savings and Development Vol. 31(2007), No. 4, pp. 369-398

This paper empirically examines the short- and long-run finance-growth nexus during the post-1997 financial crisis in the ASEAN-4 countries (i.e., Indonesia, Malaysia, Thailand and the Philippines) by employing battery of times series techniques [...]

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