Nexus of governance, macroeconomic conditions, and financial stability of banks: a comparison of developed and emerging countries
Saif Ullah,
Atta Ullah,
Mubasher Zaman
Abstract:The study aims to explore the impact of governance and macroeconomic conditions on financial stability in developed and emerging countries. The study sample comprised 122 countries from 2013 to 2020, and a comprehensive set of variables was used to construct the financial stability index (FSI). The results of the two-step system GMM analysis, robust with D–K regression, indicate that interest rate, GDP growth, voice and accountability, political stability and absence of violence/terrorism, government effective… Show more
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