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Developing Asia's financial depth as a whole compares favorably with other parts of the developing world, but there are …
Persistent link: https://www.econbiz.de/10011346234
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
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In this paper we examine whether during the 1997 East Asian crisis there was any contagion from the four largest economies in the region (Thailand, Indonesia, Korea and Malaysia) to a number of developed countries (Japan, UK, Germany and France). Following Forbes and Rigobon (2002), we test for...
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Economic theory suggests that sound and efficient financial systems - banks, equity markets, and bond markets - which … especially important for sustaining growth in developing Asia because efficiency of investment will overshadow quantity of … financial sector matters for sustaining developing Asia's growth in the postcrisis period. However, the primary role of …
Persistent link: https://www.econbiz.de/10013130769
Developing Asia's financial depth as a whole compares favorably with other parts of the developing world, but there are …
Persistent link: https://www.econbiz.de/10013002510