Financial structure in the age of Globalization
AbstractUsing a large panel dataset covering 150 countries over the period 1990-2010, this paper aims to address the question of how financial structure changes when economies are liberalised and access international capital markets. Specifically, in this study, globalisation is characterised not only by trade and financial integration but also by other important aspects, such as social globalisation, political globalisation and cultural globalisation as well. Our empirical results, by and large, support globalisation's impacts on financial structure, which are, however, diverse and strongly depend on the way to measure globalisation and financial structure. The empirical finding also reveals a dynamic change in financial structure after the globalisation process, except the case of low-income countries, in which financial structure seems to be not correlated with either globalisation process or other macroeconomic variables.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by HAL in its series Working Papers with number hal-00822790.
Date of creation: 02 Mar 2013
Date of revision:
Note: View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00822790
Contact details of provider:
Web page: http://hal.archives-ouvertes.fr/
Globalisation; Financial structure; Panel data analysis;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-05-24 (All new papers)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.