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http://hdl.handle.net/2122/15243| Authors: | Bhutta, Nousheen Tariqu* Simonetti, Biagio* Avvisati, Gala* |
Title: | Impact of Financial Deepening on Exchange Rate: Spillover Evidence from Developed and Developing Economies | Journal: | Electronic Journal of Applied Statistical Analysis | Series/Report no.: | 2/14 (2021) | Publisher: | Università del Salento | Issue Date: | 20-Nov-2021 | DOI: | 10.1285/i20705948v14n2p425 | URL: | http://siba-ese.unisalento.it/index.php/ejasa/article/view/22089 | Abstract: | Financial Deepening refers to improvements in both the volume of money in circulation and the resultant increase in the pool of financial services tai- lored to all levels of society. This paper provides a unique framework for exploring important factors, through which Financial Deepening leads to fi- nancial crises. The excessive Financial Deepening in the base country spills over into other economies, leading to financial instability. In this study, an- nual data from 42 countries were collected from the International Monetary Fund for the period 2000-2016. Augmented Dicky Fuller, Correlation, VIF, linear regression, and ARCH-GARCH family models were applied in order to analyse and validate the outcomes. In the end, recommendations and future research directions are presented for both developed and developing countries. |
| Appears in Collections: | Article published / in press |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| Bhutta et al 2021_Financial.pdf | Open Access published article | 414.58 kB | Adobe PDF | View/Open |
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