Convergence Patterns in Financial Development: Evidence From Club Convergence
This article analyzes the degree of convergence of financial development for a panel of 50 countries. We apply the methodology of Phillips and Sul (Econometrica 75:1771–1855, 2007) to various indicators of financial development to assess the existence of convergence clubs. We consider ten alternativ...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Physica-Verlag GmbH und Co.
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/7737 |