Investigating the Institutional Determinants of Financial Development
Empirical Evidence From Saarc Countries
Dados Bibliográficos
| ID | 3229403 |
|---|---|
| Autores | Nazima Ellahi (0000-0002-9152-009X, Foundation University Islamabad, autor correspondente), Adiqa Kausar Kiani (0000-0002-1261-6000, Federal Urdu University), Muhammad Awais (0000-0001-6421-9245, Foundation University Islamabad), Hina Affandi (0000-0001-8092-8754, Foundation University Islamabad), Rabia Saghir (Foundation University Islamabad), Sarah Qaim (0000-0003-1992-2630, Foundation University Islamabad) |
| Ano | 2021 |
| Volume | 11 |
| Fascículo | 2 |
| Data de publicação | 2021-04-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | SAGE Open (JOURNAL) |
| Identificadores do periódico | ISSN: 2158-2440 • E-ISSN: 2158-2440 |
| Editora | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/21582440211006029 |
| OpenAlex | W3158923870 |
| Idioma | EN |
| Citações recebidas | 4 |
| Referências citadas | 72 |
A more regulated and better working financial sector contributes toward achieving monetary growth based on proficient resource allocation and reducing information asymmetries. Current trends in research highlight the significance of factors determining the financial sector's development; therefore, this study explores the institutional drivers, which are indispensable for developing the financial industry in the South Asian Association of Regional Cooperation (SAARC) region. Specifically, it examines the impact of institutional factors, trade openness, real output, legal origin, and inflation on the financial sector's development. By employing the panel data method of generalized method of moments (GMM), the study concluded that trade openness, institutional factors, legal origin, and real gross domestic product (GDP) have a positive and significant impact on financial depth. However, the inflation rate has been found to affect it negatively. Finally, the study presents policy recommendations based on empirical findings
Econometrics · Economics · Empirical research · Exchange rate · Financial sector · Financial sector development · Generalized method of moments · Gross domestic product · International economics · Macroeconomics · Monetary economics · Openness to experience · Panel data · Banking stability, regulation, efficiency · Economic Growth and Development · Islamic Finance and Banking Studies · Finance
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| Obras citantes distintas | 4 |
|---|---|
| Citações por ano | 1,33 |
| Intervalo de citações | 2023 - 2026 (4) |
| Velocidade de citação | current |
| Altamente citado | Não |
| Tipos de citação | Neutras: 4 |