scholarly journals Financial Intermediation and Aggregate Fluctuations: A Quantative Analysis

10.3386/w4819 ◽  
1994 ◽  
Author(s):  
Russell Cooper ◽  
Joao Ejarque
Keyword(s):  
Financial Intermediation ◽  
Aggregate Fluctuations

scholarly journals News and Financial Intermediation in Aggregate Fluctuations

2017 ◽  
Vol 99 (3) ◽  
pp. 514-530 ◽  
Author(s):  
Christoph Görtz ◽  
John D. Tsoukalas
Keyword(s):  
Financial Intermediation ◽  
Aggregate Fluctuations

Financial Intermediation and Growth: Theory and Some Cross-Country Evidence

1997 ◽  
Vol 36 (4II) ◽  
pp. 855-862
Author(s):  
Tayyeb Shabir
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Financial Intermediation ◽  
Empirical Estimates ◽  
Financial Liberalisation ◽  
Cross Country ◽  
Level Of Significance ◽  
The Relationship ◽  
Positive Effect ◽  
Theoretical Developments

Well-functioning financial markets can have a positive effect on economic growth by facilitating savings and more efficient allocation of capital. This paper characterises some of the recent theoretical developments that analyse the relationship between financial intermediation and economic growth and presents empirical estimates based on a model of the linkage between financially intermediated investment and growth for two separate groups of countries, developing and advanced. Empirical estimates for both groups suggest that financial intermediation through the efficiency of investment leads to a higher rate of growth per capita. The relevant coefficient estimates show a higher level of significance for the developing countries. This financial liberalisation in the form of deregulation and establishment and development of stock markets can be expected to lead to enhanced economic growth.

Sign in / Sign up

Export Citation Format

Share Document