Alda, M. (2017). The Relationship between Pension Funds and the Stock Market: Does the Aging Population of Europe Affect It?
International Review of Financial Analysis,
49, 83–97. Retrieved from
https://zaguan.unizar.es/record/64483/files/texto_completo.pdf
Andrieş, A. M., & Nistor, S. (2018). Systemic Risk and Foreign Currency Positions of Banks: Evidence from Emerging Europe
. Eastern European Economics,
56(5), 382–421. Retrieved from
https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2892230
Arcand, J. L., Berkes, E., & Panizza, U. (2015). Too Much Finance?
Journal of Economic Growth,
20(1), 105–148. Retrieved from
https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2127541
Arellano, M., & Bond, S. (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Review of Economic Studies,
58(2), 277–297. Retrieved from
http://www.econ.uiuc.edu/~econ508/Papers/arellanobond91.pdf
Arellano, M., & Bover, O. (1995). Another Look at the Instrumental Variable Estimation of Error-Components Models. Journal of Econometrics, 68(1), 29–51. Retrieved from https://www.sciencedirect.com/science/article/pii/030440769401642D
Baltagi, B. H., Demetriades, P. O., & Law, S. H. (2009). Financial Development and Openness: Evidence from Panel Data.
Journal of Development Economics,
89, 285–296. Retrieved from
https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=1026323
Beck, T., & Levine, R. (2004). Stock Markets, Banks, and Growth: Panel Evidence.
Journal of Banking and Finance,
28(3), 423–442. Retrieved from
https://www.nber.org/system/files/working_papers/w9082/w9082.pdf
Beck, T., Degryseb, H., & Kneer, C. (2014). Is More Finance Better? Disentangling Intermediation and Size Effects of Financial Systems.
Journal of Financial Stability,
10, 50–64. Retrieved from
https://lirias.kuleuven.be/retrieve/234919
Beck, T., Demirgüç-Kunt, A., & Levine, R. (2006). Bank Concentration, Competition, and Crises: First Results.
Journal of Banking & Finance,
30(2006), 1581–1603. Retrieved from
https://research.tilburguniversity.edu/files/1024330/Bank_Concentration_Competititon_and_Crises_First_Results.pdf
Bencivenga, V. R., & Smith, B. D. (1991). Financial Intermediation and Endogenous Growth.
The Review of Economic Studies,
58(2), 195–209. Retrieved from
https://www.isid.ac.in/~tridip/Teaching/DevEco/Readings/07Finance/02Bencivenga%26Smith-REStud1991.pdf
Bhaumik, S. K., Owolabi, O., & Pal, S. (2018). Private Information, Institutional Distance, and the Failure of Cross-Border Acquisitions: Evidence from the Banking Sector in Central and Eastern Europe.
Journal of World Business,
53(4), 504–513. Retrieved from
https://www.sciencedirect.com/science/article/pii/S1090951618301755
Blundell, R., & Bond, S. (1998). Initial Conditions and Moment Restrictions in Dynamic Panel Data Models.
Journal of Econometrics,
87(1), 115–143. Retrieved from
https://www.ucl.ac.uk/~uctp39a/Blundell-Bond-1998.pdf
Bonin, J. P., & Louie, D. (2017). Did Foreign Banks Stay Committed to Emerging Europe during Recent Financial Crises?
Journal of Comparative Economics,
45(4), 793–808. Retrieved from
https://www.sciencedirect.com/science/article/pii/S0147596716300403
Bucevska, V., & Misheva, B. H. (2017). The Determinants of Profitability in the Banking Industry: Empirical Research on Selected Balkan Countries.
Eastern European Economics,
55(2), 146–167. Retrieved from
https://eprints.ugd.edu.mk/14776/1/Proceedings%20%28final%29.pdf#page=261
Caporale, G., Lodh, S., & Nandya, M. (2017). The Performance of Banks in the MENA Region during the Global Financial Crisis.
Research in International Business and Finance,
42, 583–590. Retrieved from
https://www.sciencedirect.com/science/article/pii/S0275531917304348
Cecchetti, S. G., & Kharroubi, E. (2012). Reassessing the Impact of Finance on Growth (BIS). Retrieved from
https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2117753
Cecchetti, S. G., & Kharroubi, E. (2015). Why does Financial Sector Growth Crowd Out Real Economic Growth?
CEPR Discussion Paper, 10642, Retrieved from
https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2615882
Cojocaru, L., Falaris, E. M., Hoffman, S. D., & Miller, J. B. (2016). Financial System Development and Economic Growth in Transition Economies: New Empirical Evidence from the CEE and CIS Countries.
Emerging Markets Finance and Trade,
52(1), 223–236. Retrieved from
https://sites.udel.edu/saul-hoffman/files/2015/02/Finance_Growth_revised-26-january-2015-1x4ki9n.pdf
Converse, N. (2018). Uncertainty, Capital Flows, and Maturity Mismatch.
Journal of International Money and Finance,
88, 260–275. Retrieved from
https://economics.ucr.edu/wp-content/uploads/2019/10/Converse-paper-for-2-8-13-seminar.pdf
Cui, W. C. (2017). Social Trust, Institution, and Economic Growth: Evidence from China.
Emerging Markets Finance and Trade,
53(6), 1243–1261. Retrieved from
https://www.tandfonline.com/doi/abs/10.1080/1540496X.2016.1264299
Demirgüç-Kunt, A., Feyen, E., & Levine, R. (2011). The Evolving Importance of Banks and Securities Markets.
World Bank Economic Review,
27(3), 1–31. Retrieved from
https://www.nber.org/system/files/working_papers/w18004/w18004.pdf
Efthyvoulou, G., & Yildirim, C. (2014). Market Power in CEE Banking Sectors and the Impact of the Global Financial Crisis.
Journal of Banking and Finance,
40, 11–27. Retrieved from
https://eprints.whiterose.ac.uk/82816/7/Efthyvoulou&Yildirim2013.pdf
Ehigiamusoe, K. U., & Lean, H. H. (2018). Finance–Growth Nexus: New Insights from the West African Region.
Emerging Markets Finance and Trade,
54(11), 2596–2613. Retrieved from
https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3052047
Greenwood, J., & Jovanovic, B. (1990). Financial Development, Growth, and the Distribution of Income.
Journal of Political Economy,
98(5), 1076–1107. Retrieved from
https://www.nber.org/system/files/working_papers/w3189/w3189.pdf
Gujarati, D. N., & Porter, D. C. (2010). Essentials of Econometrics. New York: McGraw-Hill/Irwin.
Hagemejer, J. (2018). Financial Conditions and Economic Growth.
International Review of Economics and Finance,
61, 128–140. Retrieved from
https://www.sciencedirect.com/science/article/pii/S1059056017303489
Hartwell, C. A. (2017). If you’re going through Hell, Keep Going: Nonlinear Effects of Financial Liberalization in Transition Economies.
Emerging Markets Finance and Trade,
53(2), 250–275. Retrieved from
https://eprints.bournemouth.ac.uk/30637/3/If%20You%2527re%20Going%20Through%20Hell%20final%20revision%20no%20tables%20%282%29.pdf
Inekwe, J. N., Jin, Y., & RebeccaValenzuela, M. (2018). Trade and Growth in the New Member States: The Role of Global Value Chains.
Emerging Markets Finance and Trade,
54(11), 2630–2649. Retrieved from
http://coin.wne.uw.edu.pl/jhagemejer/wp-content/uploads/Hagemejer_trade_and_growth1.pdf
Jayakumar, M., Pradhan, R. P., Dash, S., Maradana, R. P., & Gaurav, K. (2018). Banking Competition, Banking Stability, and Economic Growth: Are Feedback Effects at Work?
Journal of Economics and Business,
96, 15–41. Retrieved from
https://www.sciencedirect.com/science/article/pii/S0148619517301182
Jiang, C., Yao, S., & Feng, G. (2013). Bank Ownership, Privatization, and Performance: Evidence from a Transition Country.
Journal of Banking & Finance,
37(9), 3364–3372. Retrieved from
https://repository.mdx.ac.uk/download/f5ed0e9ba36a2c1d862c8f49d1d7fef6ac4f8a15ce3266920f9e723305661645/460719/JBF_31%20March%202013%20Final%20Submitted%20version%2810731%29.pdf
Kamau, A. W. (2011). Intermediation Efficiency and Productivity of the Banking Sector in Kenya.
Interdisciplinary Journal of Research in Business,
1(9), 12–26. Retrieved from
https://www.sid.ir/paper/664825/en
Kapuściński, M. (2017). The Role of Bank Balance Sheets in Monetary Policy Transmission: Evidence from Poland.
Eastern European Economics,
55(1), 50–69. Retrieved from
https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2841629
Kartal, M. T., Kirikkaleli, D., & Ayhan, F. (2023). Nexus between Non‐Performing Loans and Economic Growth in Emerging Countries: Evidence from Turkey with Wavelet Coherence Approach.
International Journal of Finance & Economics,
28(2), 1250-1260. Retrieved from
https://www.researchgate.net/
Kaushal, N. (2014). How Public Pension Affects Elderly Labor Supply and Well-Being: Evidence from India.
World Development, 56, 214–225. Retrieved from
https://www.nber.org/system/files/working_papers/w19088/w19088.pdf
Khan, S., & Haneklaus, N. (2023). Sustainable Economic Development across the Globe: The Dynamics between Technology, Digital Trade, and Economic Performance.
Technology in Society,
72, 102207. Retrieved from
https://www.sciencedirect.com/science/article/pii/S0160791X2300012X
Krstevska, A., Nenovski, T., & Kostovska, K. P. (2017). Testing the Modigliani and Miller Theory in Practice: Evidence from the Macedonian Banking System.
Eastern European Economics,
55(3), 277–289. Retrieved from
https://www.tandfonline.com/doi/abs/10.1080/00128775.2017.1294021
Laeven, L., & Levine, R. (2009). Bank Governance, Regulation, and Risk Taking.
Journal of Financial Economics,
93(1), 259–275. Retrieved from
https://www.nber.org/system/files/working_papers/w14113/w14113.pdf
Law, S. H., & Azman-Saini, W. N. W. (2012). Institutional Quality, Governance, and Financial Development.
Economics of Governance,
13(3), 217–236. Retrieved from
https://www.researchgate.net/
Law, S. H., & Singh, N. (2014). Does Too Much Finance Harm Economic Growth?
Journal of Banking and Finance,
41, 36–44. Retrieved from
https://escholarship.org/content/qt9z21r44x/qt9z21r44x_noSplash_a14af31d445eb190e65ef2dc8ee85bd5.pdf
Law, S. H., Azman-Saini, W. N. W., & Ibrahim, M. (2013). Institutional Quality Thresholds and Finance–Growth Nexus.
Journal of Banking and Finance,
37(12), 5373–5381. Retrieved from
https://www.sciencedirect.com/science/article/pii/S0378426613001544
Mishkin, F. S. (2000). Financial Stability and the Macroeconomy.
Central Bank of Iceland Working Papers, 9, Retrieved from
https://www.sedlabanki.is/uploads/files/wp9.pdf
Neanidis, C. K. (2019). Volatile Capital Flows and Economic Growth: The Role of Banking Supervision.
Journal of Financial Stability,
40, 77–93. Retrieved from
https://www.sciencedirect.com/science/article/pii/S1572308916301723
Nguyen, H. M., Le, Q. T. T., Ho, C. M., Nguyen, T. C., & Vo, D. H. (2022). Does Financial Development Matter for Economic Growth in the Emerging Markets?
Borsa Istanbul Review,
22(4), 688-698. Retrieved from
https://www.sciencedirect.com/science/article/pii/S2214845021000983
Nurboja, B., & Košak, M. (2017). Banking Efficiency in South East Europe: Evidence for Financial Crises and the Gap between New EU Members and Candidate Countries.
Economic Systems,
41(1), 122–138. Retrieved from
https://www.academia.edu/download/99637550/102754.pdf
Pagano, M. (2012). Finance: Economic Lifeblood or Toxin?
University of Naples, CSEF Working Papers, 326, Retrieved from
http://www.csef.it/WP/wp326.pdf
Park, D., & Shin, K. (2017). Economic Growth, Financial Development, and Income Inequality.
Emerging Markets Finance and Trade,
53(12), 2794–2825. Retrieved from
https://www.econstor.eu/bitstream/10419/128563/1/ewp-441.pdf
Rasoulinezhad, E., & Mostaghimi Ghomi, N. (2022). How Can Financial Development Affect Sustainable Economic Development? Evidence from Asian Countries with Different Income Levels.
Iranian Economic Review,
28(1), 31-48. Retrieved from
https://ier.ut.ac.ir/article_96637.html
Ro, Y. -J., Kim, I. -C., & Kim, J. (2017). Financial Development and Investment in Korea.
Emerging Markets Finance and Trade,
53(3), 534–543. Retrieved from
https://www.tandfonline.com/doi/abs/10.1080/1540496X.2015.1095562
Robinson, J. (1952). The Generalization of the General Theory, in the Rate of Interest and Other Essays (2nd Ed.). London: Macmillan.
Rousseau, P. L., & Wachtel, P. (2009). Inflation Thresholds and the Finance–Growth Nexus.
Journal of International Money and Finance,
21(6), 777–793. Retrieved from
https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=315967
Samargandi, N., Fidrmuc, J., & Ghosh, S. (2014). Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries.
World Development, 20, 66–81. Retrieved from
https://bura.brunel.ac.uk/bitstream/2438/9596/1/Fulltext.pdf
Schumpeter, J. A. (1911). The Theory of Economic Development. Oxford: Oxford University Press.
Seelanatha, L. (2010). Market Structure, Efficiency, and Performance of the Banking Industry in Sri Lanka.
Banks and Bank Systems,
5(1), 20–31. Retrieved from
http://www.irbis-nbuv.gov.ua/cgi-bin/irbis_nbuv/cgiirbis_64.exe?C21COM=2&I21DBN=UJRN&P21DBN=UJRN&IMAGE_FILE_DOWNLOAD=1&Image_file_name=PDF/banks_2010_5_1_5.pdf
Shahbaz, M., Nasir, M. A., & Lahiani, A. (2022). Role of Financial Development in Economic Growth in the Light of Asymmetric Effects and Financial Efficiency.
International Journal of Finance & Economics,
27(1), 361-383. Retrieved from
https://onlinelibrary.wiley.com/doi/am-pdf/10.1002/ijfe.2157
Shen, C. -H., & Chang, Y. -H. (2006). Do Regulations Affect Banking Performance? Government Governance May Matter.
Contemporary Economic Policy,
24(1), 92–105. Retrieved from
https://onlinelibrary.wiley.com/doi/abs/10.1093/cep/byj013
Shen, C. -H., Fan, X., Huang, D., Zhu, H., & Wu, M. -W. (2018). Financial development and economic growth: Do outliers matter?
Emerging Markets Finance and Trade,
54(13), 2925–2947. Retrieved from
https://www.tandfonline.com/doi/abs/10.1080/1540496X.2018.1440547
Soedarmono, W., Machrouh, F., & Tarazi, A. (2011). Bank Market Power, Economic Growth, and Financial Stability: Evidence from Asian Banks.
Journal of Asian Economics,
22(6), 460–470. Retrieved from
https://hal.science/hal-01098998v1/file/SoedarmonoMachrouhTaraziJAEaugust2011.pdf
Temesvary, J., & Banai, A. (2017). The Drivers of Foreign Bank Lending in Central and Eastern Europe: The Roles of Parent, Subsidiary, and Host Market Traits.
Journal of International Money and Finance,
79, 157–173. Retrieved from
https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2567705
Toader, T., Onofrei, M., Popescu, A.-I., & Andrieș, A. M. (2018). Corruption and Banking Stability: Evidence from Emerging Economies.
Emerging Markets Finance and Trade,
54(3), 591–617. Retrieved from
https://www.tandfonline.com/doi/abs/10.1080/1540496X.2017.1411257
Tongurai, J., & Vithessonthi, C. (2018). The Impact of the Banking Sector on Economic Structure and Growth.
International Review of Financial Analysis,
56, 193–207. Retrieved from
https://core.ac.uk/download/pdf/161864304.pdf
Trew, A. (2006). Finance and Growth: A Critical Survey.
Economic Record,
82(259), 481–490. Retrieved from
https://papers.ssrn.com/Sol3/Delivery.cfm?abstractid=765144
