Publication:
The Impact of Financial development on economic stability: evidence from asian countries
The Impact of Financial development on economic stability: evidence from asian countries
| datacite.subject.fos | oecd::Social sciences::Economics and Business | |
| dc.contributor.author | Anh Hoang Le, An Ha Thi Pham, Kim Thanh Doan, Thanh Phuc Nguyen | |
| dc.date.accessioned | 2023-09-27T01:55:29Z | |
| dc.date.available | 2023-09-27T01:55:29Z | |
| dc.date.issued | 2023 | |
| dc.description.abstract | 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. | |
| dc.identifier.doi | 10.17512/pjms.2023.27.1.10 | |
| dc.identifier.uri | http://repository.vlu.edu.vn:443/handle/123456789/8763 | |
| dc.language.iso | en_US | |
| dc.relation.ispartof | Polish Journal of Management Studies - Vol 27 No.1 | |
| dc.relation.issn | 2081-7452 | |
| dc.subject | Financial development | |
| dc.subject | economic stability | |
| dc.subject | Bayesian analysis | |
| dc.title | The Impact of Financial development on economic stability: evidence from asian countries | |
| dc.type | Resource Types::text::journal::journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.issue | 1 | |
| oaire.citation.volume | 27 | |
| oairecerif.author.affiliation | #PLACEHOLDER_PARENT_METADATA_VALUE# |
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