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Developing Asia's financial depth as a whole compares favorably with other parts of the developing world, but there are …
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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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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
-owned actors. Asia needs investment to improve its infrastructure and carry out technological innovation, but the book argues that …-owned actors. Asia needs investment to improve its infrastructure and carry out technological innovation, but the book argues that …
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whether developing Asia should use fiscal expansion to boost aggregate demand. A key factor in the debate is the effectiveness … Asia's output during the global crisis. This lends some support to the notion that countercyclical fiscal policy can help …
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