Journal Articles - Business and Management - 2023

Permanent URI for this collection

http://repository.vlu.edu.vn:443/handle/123456789/8759

Browse

Browsing Journal Articles - Business and Management - 2023 by Subject "Bayesian analysis"
  • Publication
    THE IMPACT OF FINANCIAL DEVELOPMENT ON ECONOMIC STABILITY: EVIDENCE FROM ASIAN COUNTRIES
    ( 2023)
    Anh Hoang Le, An Ha Thi Pham, Kim Thanh Doan, Thanh Phuc Nguyen
    In recent years, most empirical studies have explored the critical role of financial sector development in economic growth. However, the study of the relationship between the progress of the financial sector and the volatility of economic development has received very little attention. This study is the first attempt at assessing the impact of financial development on the economic stability of Asian countries. In this study, economic stability is assessed through several proxies, such as growth stability, inflation stability and exchange rate stability. Employing panel data of 22 Asian economies covering the period 2011-2019 and Bayesian analysis, the findings show that financial development significantly impacts the economic stability of Asian countries. Additionally, depending on different indicators of financial development, the impact on economic stability of countries will be different. Given these research results, policy implications for economic stability in Asian countries are proposed. Besides, to stabilize growth, the study also suggests that Asian countries need better control of the ratio of non-performing loans to the total credit of the economy
  • Publication
    The Impact of Financial development on economic stability: evidence from asian countries
    ( 2023)
    Anh Hoang Le, An Ha Thi Pham, Kim Thanh Doan, Thanh Phuc Nguyen
    In recent years, most empirical studies have explored the critical role of financial sector development in economic growth. However, the study of the relationship between the progress of the financial sector and the volatility of economic development has received very little attention. This study is the first attempt at assessing the impact of financial development on the economic stability of Asian countries. In this study, economic stability is assessed through several proxies, such as growth stability, inflation stability and exchange rate stability. Employing panel data of 22 Asian economies covering the period 2011-2019 and Bayesian analysis, the findings show that financial development significantly impacts the economic stability of Asian countries. Additionally, depending on different indicators of financial development, the impact on economic stability of countries will be different. Given these research results, policy implications for economic stability in Asian countries are proposed. Besides, to stabilize growth, the study also suggests that Asian countries need better control of the ratio of non-performing loans to the total credit of the economy.