The Impact of Financial Liberalisation Policies on Financial Development Evidence from Developing Economies

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Financial liberalization, financial sector development and growth: Evidence from Malaysia (2007, unknown): “ Arestis et al., 2002 ] FD ← EG [Demetriades and Hussein, 1996; Arestis and Demetriades, 1999a,b]”
Effects of financial liberalization on financial market development and economic performance of the SSA region: An empirical assessment (2013, background): “…extent and the intensity of capital controls.3 Secondly, many of the studies that evaluate the benefits from financial liberalization (such as Bekaert et al., 2005; Arestis, 2005; Arestis et al., 2002; Bandiera et al., 2000) have either utilized cross-country analysis or diverse sample countries.”
Does financial development ‘lead' economic growth? A vector auto-regression appraisal (2005, unknown): “In contrast, Arestis and Demetriades (1997) found that the hypothesis was supported in only a few of the countries surveyed and, therefore, that no general conclusions could be drawn.”
A Survey Of Recent Developments In The Literature Of Finance And Growth (2008, background): “In fact, in their sample of six developing countries, Arestis et al. (2002) find that the effects of financial liberalization on financial development vary considerably across countries.”