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Financial Deregulation and Financial Development, and Subsequent Impact on Economic Growth in the Czech Republic, Hungary and Poland

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  • Patricia Mc Grath

Abstract

Results support Arestis???s theory, that low real interest rates do not prevent economic growth (though he related it to the regulation debate). Here in the deregulation environment, it also stands. Results also support Shaw???s assertion that financial liberalisation increases the monetary sector. Stiglitz???s theory, that government intervention leads to improved quality of loans, is contradicted as the reduction of state involvement led to bad loans falling. Support is given to Everett and Kelly???s view that financial liberalisation supports growth. Finally King and Levine studies are supported ??? banking sector development leads to faster growth, and also Barth???s view that state involvement leads to poorly developed banks.

Suggested Citation

  • Patricia Mc Grath, 2006. "Financial Deregulation and Financial Development, and Subsequent Impact on Economic Growth in the Czech Republic, Hungary and Poland," William Davidson Institute Working Papers Series wp828, William Davidson Institute at the University of Michigan.
    • Handle: RePEc:wdi:papers:2006-828
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    File URL: http://deepblue.lib.umich.edu/bitstream/2027.42/57208/1/wp828.pdf
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    Cited by:

    1. Adel Mohsen & Soo Chua & Che Sab, 2015. "Determinants of industrial output in Syria," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 4(1), pages 1-12, December.
    2. A. Sankaran & A. Vadivel & M. Abdul Jamal, 2020. "Effects of dynamic variables on industrial output in one of the world’s fastest-growing countries: case evidence from India," Future Business Journal, Springer, vol. 6(1), pages 1-8, December.

    More about this item

    Keywords

    Transition Economies; Financial Deregulation; Financial Development; Economic Growth; Eastern Europe;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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