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dc.contributor.authorBahadır, Berrak
dc.contributor.authorValev, N.
dc.date.accessioned2015-10-26T06:32:24Z
dc.date.available2015-10-26T06:32:24Z
dc.date.issued2015-07
dc.identifier.issn0378-4266
dc.identifier.urihttp://hdl.handle.net/10679/961
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S037842661500062X
dc.description.abstractWe show that credit levels relative to GDP and other measures for financial development tend to converge across countries over time. The results are obtained using a broad sample of countries over many years and controlling for the quality of country-level institutions, the efficiency of financial institutions, and a range of macroeconomic variables. While we find evidence for convergence in the broad sample, we show that it levels off when countries reach a medium level of financial development. At high levels of financial development, convergence slows down even more and becomes negligible.en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relation.ispartofJournal of Banking & Finance
dc.rightsrestrictedAccess
dc.titleFinancial development convergenceen_US
dc.typeArticleen_US
dc.peerreviewedyesen_US
dc.publicationstatuspublisheden_US
dc.contributor.departmentÖzyeğin University
dc.contributor.authorID(ORCID & YÖK ID 234939) Bahadır, Berrak
dc.contributor.ozuauthorBahadır, Berrak
dc.identifier.volume56
dc.identifier.startpage61
dc.identifier.endpage71
dc.identifier.wosWOS:000356550200006
dc.identifier.doi10.1016/j.jbankfin.2015.03.001
dc.subject.keywordsFinancial developmenten_US
dc.subject.keywordsConvergenceen_US
dc.subject.keywordsInstitutionsen_US
dc.identifier.scopusSCOPUS:2-s2.0-84928231171
dc.contributor.authorFemale1
dc.relation.publicationcategoryArticle - International Refereed Journal - Institutional Academic Staff


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