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The impact of European Monetary Union on finance-growth Nexus


Citation

Armin, Saeed and Ibrahim, Saifuzzaman and Wan Ngah, Wan Azman Saini (2013) The impact of European Monetary Union on finance-growth Nexus. Transition Studies Review, 19 (3). pp. 347-356. ISSN 1614-4007; ESSN: 1614-4015

Abstract / Synopsis

This study examines the relationship between financial development and economic growth in 15 developed European countries before and after the formation of the euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods. The impact of the banking sector development on growth, however, is greater in the post-euro period, whereas the impact of stock market development on growth is reducing in the period investigated. The study concludes that the formation of European Monetary Union does not weaken the relationship between financial development and economic growth in developed European countries.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: 10.1007/s11300-012-0249-z
Publisher: Springer
Keywords: Financial development; Economic growth; European Monetary Union; Panel data analysis
Depositing User: Nabilah Mustapa
Date Deposited: 27 Apr 2015 11:47
Last Modified: 21 Sep 2015 14:24
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1007/s11300-012-0249-z
URI: http://psasir.upm.edu.my/id/eprint/28252
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