 An Evaluation on the Determinants of FinancialDevelopment: Literature SurveyHüseyin Agir, Osman Peker and Muhsin Kar Journal of BRSA Banking and Financial Markets, 2009, vol. 3, issue 2, 31-62 Abstract: In the economic development process, important role of financial sector has long been emphasized in the literature. Especially with the emergence of endogenous growth theory, this relationship has again become very attractive and it is stated that financial development is one of the determinants of economic growth. However this whole literature did not sufficiently explain how the financial development occurs. Financial liberalization hypothesis has been a starting point to explain the financial development. In addition, recently, it is seen that studies which examine the process of financial development has increasingly increased and, within this vein, it is emphasized that legal origin, liberalizations of foreign trade and capital account, institutional structure, deposit insurance, efficient supervision and regulation and policy framework for macro economy influence financial development Keywords: Financial Development; Financial Liberalization; Legal Origin; Domestic and External Liberalization; Deposit Insurance; Efficient Supervision and Regulation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bdd:journl:v:3:y:2009:i:2:p:31-62 Access Statistics for this article More articles in Journal of BRSA Banking and Financial Markets from Banking Regulation and Supervision Agency Contact information at EDIRC. |
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