The impact of European Monetary Union on finance-growth Nexus
This study examines the relationship between financial development and economic growth in 15 developed European countries before and after the formation of the euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods. T...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Springer
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/28252/ http://psasir.upm.edu.my/id/eprint/28252/1/The%20impact%20of%20European%20Monetary%20Union%20on%20finance.pdf |
| _version_ | 1848846065768333312 |
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| author | Armin, Saeed Ibrahim, Saifuzzaman Wan Ngah, Wan Azman Saini |
| author_facet | Armin, Saeed Ibrahim, Saifuzzaman Wan Ngah, Wan Azman Saini |
| author_sort | Armin, Saeed |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study examines the relationship between financial development and economic growth in 15 developed European countries before and after the formation of the euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods. The impact of the banking sector development on growth, however, is greater in the post-euro period, whereas the impact of stock market development on growth is reducing in the period investigated. The study concludes that the formation of European Monetary Union does not weaken the relationship between financial development and economic growth in developed European countries. |
| first_indexed | 2025-11-15T08:56:47Z |
| format | Article |
| id | upm-28252 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:56:47Z |
| publishDate | 2013 |
| publisher | Springer |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-282522015-09-21T06:24:36Z http://psasir.upm.edu.my/id/eprint/28252/ The impact of European Monetary Union on finance-growth Nexus Armin, Saeed Ibrahim, Saifuzzaman Wan Ngah, Wan Azman Saini This study examines the relationship between financial development and economic growth in 15 developed European countries before and after the formation of the euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods. The impact of the banking sector development on growth, however, is greater in the post-euro period, whereas the impact of stock market development on growth is reducing in the period investigated. The study concludes that the formation of European Monetary Union does not weaken the relationship between financial development and economic growth in developed European countries. Springer 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28252/1/The%20impact%20of%20European%20Monetary%20Union%20on%20finance.pdf Armin, Saeed and Ibrahim, Saifuzzaman and Wan Ngah, Wan Azman Saini (2013) The impact of European Monetary Union on finance-growth Nexus. Transition Studies Review, 19 (3). pp. 347-356. ISSN 1614-4007; ESSN: 1614-4015 10.1007/s11300-012-0249-z |
| spellingShingle | Armin, Saeed Ibrahim, Saifuzzaman Wan Ngah, Wan Azman Saini The impact of European Monetary Union on finance-growth Nexus |
| title | The impact of European Monetary Union on finance-growth Nexus |
| title_full | The impact of European Monetary Union on finance-growth Nexus |
| title_fullStr | The impact of European Monetary Union on finance-growth Nexus |
| title_full_unstemmed | The impact of European Monetary Union on finance-growth Nexus |
| title_short | The impact of European Monetary Union on finance-growth Nexus |
| title_sort | impact of european monetary union on finance-growth nexus |
| url | http://psasir.upm.edu.my/id/eprint/28252/ http://psasir.upm.edu.my/id/eprint/28252/ http://psasir.upm.edu.my/id/eprint/28252/1/The%20impact%20of%20European%20Monetary%20Union%20on%20finance.pdf |