FINANCIAL GLOBALIZATION AND FINANCIAL DEVELOPMENT IN TRANSITION COUNTRIES

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Autor principal: Edgar Demetrio Tovar García
Formato: Artículo científico
Lenguaje:en
Publicado: Universidad Autónoma Metropolitana 2012
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author Edgar Demetrio Tovar García
author_facet Edgar Demetrio Tovar García
contents FINANCIAL GLOBALIZATION AND FINANCIAL DEVELOPMENT IN TRANSITION COUNTRIES Edgar Demetrio Tovar García Economía y Finanzas financial development Financial globalization transition countries and dynamic panel data This paper examines the impact of financial globalization on financial development in transition countries. An empirical test is elaborated with new indicators of fi nancial globalization and financial development, closer to theoretical and conceptual framework. On the basis of Blundell and Bond (1998) a dynamic panel data model is employed. The principal results suggest, in general, that financial globalization has a positive and signifi cant relationship with the process of growth of the fi nancial system, but not with the process of development, that is to say, without a better performance of basic financial functions. 2012 artículo científico 0188-3380 https://www.redalyc.org/articulo.oa?id=281125196006 en http://www.redalyc.org/revista.oa?id=2811 Economía: Teoría y práctica application/pdf Universidad Autónoma Metropolitana Economía: Teoría y práctica (México) Num.36
format Artículo científico
id redalyc_281125196006
institution Redalyc
language en
publishDate 2012
publisher Universidad Autónoma Metropolitana
spellingShingle FINANCIAL GLOBALIZATION AND FINANCIAL DEVELOPMENT IN TRANSITION COUNTRIES
Edgar Demetrio Tovar García
Economía y Finanzas
financial development
Financial globalization
transition countries and dynamic panel data
FINANCIAL GLOBALIZATION AND FINANCIAL DEVELOPMENT IN TRANSITION COUNTRIES Edgar Demetrio Tovar García Economía y Finanzas financial development Financial globalization transition countries and dynamic panel data This paper examines the impact of financial globalization on financial development in transition countries. An empirical test is elaborated with new indicators of fi nancial globalization and financial development, closer to theoretical and conceptual framework. On the basis of Blundell and Bond (1998) a dynamic panel data model is employed. The principal results suggest, in general, that financial globalization has a positive and signifi cant relationship with the process of growth of the fi nancial system, but not with the process of development, that is to say, without a better performance of basic financial functions. 2012 artículo científico 0188-3380 https://www.redalyc.org/articulo.oa?id=281125196006 en http://www.redalyc.org/revista.oa?id=2811 Economía: Teoría y práctica application/pdf Universidad Autónoma Metropolitana Economía: Teoría y práctica (México) Num.36
title FINANCIAL GLOBALIZATION AND FINANCIAL DEVELOPMENT IN TRANSITION COUNTRIES
topic Economía y Finanzas
financial development
Financial globalization
transition countries and dynamic panel data
url https://www.redalyc.org/articulo.oa?id=281125196006