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The impact of European Monetary Union on the relationship between financial development and growth

This study aims to examine the relationship between financial development and economic growth for 15 developed European countries before and after the launch of Euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods....

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Main Authors: Armin, Saeed, Ibrahim, Saifuzzaman, Wan Ngah, Wan Azman Saini
Format: Conference or Workshop Item
Language:English
Published: 2012
Online Access:http://psasir.upm.edu.my/id/eprint/32214/1/32214.pdf
http://psasir.upm.edu.my/id/eprint/32214/
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spelling my.upm.eprints.322142016-10-07T01:21:09Z http://psasir.upm.edu.my/id/eprint/32214/ The impact of European Monetary Union on the relationship between financial development and growth Armin, Saeed Ibrahim, Saifuzzaman Wan Ngah, Wan Azman Saini This study aims to examine the relationship between financial development and economic growth for 15 developed European countries before and after the launch of Euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods. However, the impact of banking sector development on growth is greater in the post-euro period while the impact of stock market development on growth is slightly smaller in that period. The study concludes that the formation of the European Monetary Union (EMU) does not weaken the relationship between financial development and economic growth in the developed European countries. 2012 Conference or Workshop Item NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/32214/1/32214.pdf Armin, Saeed and Ibrahim, Saifuzzaman and Wan Ngah, Wan Azman Saini (2012) The impact of European Monetary Union on the relationship between financial development and growth. In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 176-185).
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This study aims to examine the relationship between financial development and economic growth for 15 developed European countries before and after the launch of Euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods. However, the impact of banking sector development on growth is greater in the post-euro period while the impact of stock market development on growth is slightly smaller in that period. The study concludes that the formation of the European Monetary Union (EMU) does not weaken the relationship between financial development and economic growth in the developed European countries.
format Conference or Workshop Item
author Armin, Saeed
Ibrahim, Saifuzzaman
Wan Ngah, Wan Azman Saini
spellingShingle Armin, Saeed
Ibrahim, Saifuzzaman
Wan Ngah, Wan Azman Saini
The impact of European Monetary Union on the relationship between financial development and growth
author_facet Armin, Saeed
Ibrahim, Saifuzzaman
Wan Ngah, Wan Azman Saini
author_sort Armin, Saeed
title The impact of European Monetary Union on the relationship between financial development and growth
title_short The impact of European Monetary Union on the relationship between financial development and growth
title_full The impact of European Monetary Union on the relationship between financial development and growth
title_fullStr The impact of European Monetary Union on the relationship between financial development and growth
title_full_unstemmed The impact of European Monetary Union on the relationship between financial development and growth
title_sort impact of european monetary union on the relationship between financial development and growth
publishDate 2012
url http://psasir.upm.edu.my/id/eprint/32214/1/32214.pdf
http://psasir.upm.edu.my/id/eprint/32214/
_version_ 1643830543308029952
score 13.211869

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