Financial development convergence
dc.contributor.author | Bahadır, Berrak | |
dc.contributor.author | Valev, N. | |
dc.date.accessioned | 2015-10-26T06:32:24Z | |
dc.date.available | 2015-10-26T06:32:24Z | |
dc.date.issued | 2015-07 | |
dc.identifier.issn | 0378-4266 | |
dc.identifier.uri | http://hdl.handle.net/10679/961 | |
dc.identifier.uri | http://www.sciencedirect.com/science/article/pii/S037842661500062X | |
dc.description.abstract | We 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.iso | eng | en_US |
dc.publisher | Elsevier | en_US |
dc.relation.ispartof | Journal of Banking & Finance | |
dc.rights | restrictedAccess | |
dc.title | Financial development convergence | en_US |
dc.type | Article | en_US |
dc.peerreviewed | yes | en_US |
dc.publicationstatus | published | en_US |
dc.contributor.department | Özyeğin University | |
dc.contributor.authorID | (ORCID & YÖK ID 234939) Bahadır, Berrak | |
dc.contributor.ozuauthor | Bahadır, Berrak | |
dc.identifier.volume | 56 | |
dc.identifier.startpage | 61 | |
dc.identifier.endpage | 71 | |
dc.identifier.wos | WOS:000356550200006 | |
dc.identifier.doi | 10.1016/j.jbankfin.2015.03.001 | |
dc.subject.keywords | Financial development | en_US |
dc.subject.keywords | Convergence | en_US |
dc.subject.keywords | Institutions | en_US |
dc.identifier.scopus | SCOPUS:2-s2.0-84928231171 | |
dc.contributor.authorFemale | 1 | |
dc.relation.publicationcategory | Article - International Refereed Journal - Institutional Academic Staff |
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