Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa
By Michael Enowbi batuo, K. Mlambo, Simplice A. Asongu. Research In International Business and Finance, 2018
198 citations recorded by the source corpus.
In the aftermath of the 2008 global financial crisis, the implications of financial liberalisation for stability and economic growth has come under increased scrutiny. One strand of literature posits a positive relationship between financial liberalisation and economic growth and development. However, others emphasise the link between financial liberalisation is intrinsically associated with financial instability which may be harmful to economic growth and development. This study assesses linkages between financial instability, financial liberalisation, financial development and economic growth in 41 African countries for the period 1985-2010. The results suggest that financial development and financial liberalisation have positive effects on financial instability. The findings also reveal that economic growth reduces financial instability and the magnitude of reduction is higher in the pre-liberalisation period compared to post-liberalisation period.
Subfields: Accounting, Finance, Information Systems
View Paper: https://www.semanticscholar.org/paper/915317abfc69e0cdad8a546f5ad84c8b9eb9cd13
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In Accounting
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In Information Systems
Citations in the corpus
- Financial regulation and financial inclusion in Sub-Saharan Africa: Does financial stability play a moderating role? (2020, background): “Thus, financial liberalization increased competition, economic growth and financial sector development (see Batuo et al., 2018).”