Consumption volatility and financial openness [PDF]
Economic theory predicts that the integration of financial markets lowers the volatility of consumption. In this article, we study long-term trends in the consumption volatility of the G7 countries. Using different measures of financial openness, we find evidence that greater financial openness has been associated with lower consumption volatility ...
Claudia M. Buch, Serkan Yener
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Determinants of banking sector development in developing and emerging economies: Unveiling the role of economic growth, trade openness, and financial liberalization [PDF]
The determinants of financial development in developing and emerging economies are examined in this article. The long-term relationships between banking sector development, financial integration, trade openness, and economic growth are explored using ...
Chedlia Farhat
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Trade openness relationship with macroeconomic factors on Saudi Arabian economy: ARDL application [PDF]
Purpose – This paper examines the relationship of financial market inclusion, economic growth, foreign direct investment and real output on trade openness for the Saudi Arabia Economy.
Monaem Tarchoun, Ikram Ghraieb
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Financial openness, domestic financial development and credit ratings [PDF]
This article shows that financial openness significantly affects corporate and sovereign credit ratings and that the magnitude of this effect depends on the level of development of the domestic financial market. Issuers located in less financially developed economiesi stand to benefit the most from opening up their capital accounts, whereas the impact ...
Eugenia Andreasen, Patricio Valenzuela
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Financial Development, Financial Openness, and Economic Growth [PDF]
A sound and efficient financial system is an indispensable ingredient of economic growth. It consists primarily of banks and capital markets, which channel savings into investments and other productive activities that contribute to economic growth and augment the economy’s productive capacity. This paper explains the importance of financial development
Estrada, Gemma +2 more
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THE OPENNESS AND ITS IMPACT TO INDONESIAN ECONOMY: A STRUCTURAL VAR APPROACH
There have been long running disputes on the relationship between the degree of openness and economic performance. Based on cross-country analyses, a number of studies found that the relationship between openness and economic performance is quite mixed ...
Iskandar Simorangkir
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MEASURES OF FINANCIAL REGULATORS IN THE FIELD OF INTERNATIONAL CAPITAL FLOWS CONTROL
The article attempts to identify new trends in approaches to assessing the impact of uncontrolled international capital flows on the development of the national economy and the corresponding changes in regulatory policies.
Yevhen Bublyk
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MODELS OF ECONOMIC OPENNESS OF EUROPEAN COUNTRIES AND UKRAINE: A COMPARATIVE ANALYSIS [PDF]
The article raises the question of whether the openness of an individual country’s economy corresponds to the level of its economic development. Retrospective analysis indicates the existence of a long-term close interdependence of the growth of ...
OLEKCANDR ZADOIA, PHAN MINH DUC
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Purpose — This study examines the impact of trade liberalization and economic growth on financial development and suggests policies to enhance financial stability.
Esther Olayinka Atoyebi +3 more
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Financial Policies in Open Economies [PDF]
In analyzing the extent to which alternative financial stabilization policies can be expected to dampen the effects of shocks to macro-economic equilibrium in a single open economy, it has often been assumed that the authorities must choose between fixing the exchange rate and allowing it to fluctuate freely.
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