The impact of financial liberalization on macroeconomic dynamics: A two-country analysis

Tokat, Ekin

doi:10.3848/iif.2007.261.7408

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2016

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“…The findings, nevertheless, indicate the positiveness of the liberalization impact in Nigeria. Tokat (2005) evaluated the impact of financial liberalization on macro variables for the case of such two emerging countries as Turkey and India between 1980 and 2013. The results indicated that increased interdependence exists among the fundamentals after the liberalization, providing further evidence of increasing effects of foreign economic performance on the two nations' macro factors and also articulating the benefits of the process.…”

Section: Empirical Researchesmentioning

confidence: 99%

Relationship between Financial Liberalization and Economic Growth in Emerging Economies: The Case of Vietnam

Huan¹,

Linh²,

Hoang³

2016

JABES

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This paper examines the process of financial liberalization in Vietnam over the period from 1993 to 2013. On adopting Vector Error Correction Model (VECM), the results suggest that there is a long-term relation between economic growth and financial liberalization, in which the financial market liberalization and financial services liberalization provide better support during the growth of Vietnam’s economy. In addition, using various techniques including Granger causality test, impulse response analysis, and variance decomposition, the paper also clarifies the motives for financial liberalization from the process of short-term financial development and economic growth in the country.

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Section: Empirical Researchesmentioning

confidence: 99%