The impact of European Monetary Union on the relationship between financial development and growth
This study aims to examine the relationship between financial development and economic growth for 15 developed European countries before and after the launch of Euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods....
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2012
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| Online Access: | http://psasir.upm.edu.my/id/eprint/32214/ http://psasir.upm.edu.my/id/eprint/32214/1/32214.pdf |
| _version_ | 1848847155132891136 |
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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 aims to examine the relationship between financial development and economic growth for 15 developed European countries before and after the launch of Euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods. However, the impact of banking sector development on growth is greater in the post-euro period while the impact of stock market development on growth is slightly smaller in that period. The study concludes that the formation of the European Monetary Union (EMU) does not weaken the relationship between financial development and economic growth in the developed European countries. |
| first_indexed | 2025-11-15T09:14:06Z |
| format | Conference or Workshop Item |
| id | upm-32214 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:14:06Z |
| publishDate | 2012 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-322142016-10-07T01:21:09Z http://psasir.upm.edu.my/id/eprint/32214/ The impact of European Monetary Union on the relationship between financial development and growth Armin, Saeed Ibrahim, Saifuzzaman Wan Ngah, Wan Azman Saini This study aims to examine the relationship between financial development and economic growth for 15 developed European countries before and after the launch of Euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods. However, the impact of banking sector development on growth is greater in the post-euro period while the impact of stock market development on growth is slightly smaller in that period. The study concludes that the formation of the European Monetary Union (EMU) does not weaken the relationship between financial development and economic growth in the developed European countries. 2012 Conference or Workshop Item NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/32214/1/32214.pdf Armin, Saeed and Ibrahim, Saifuzzaman and Wan Ngah, Wan Azman Saini (2012) The impact of European Monetary Union on the relationship between financial development and growth. In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 176-185). |
| spellingShingle | Armin, Saeed Ibrahim, Saifuzzaman Wan Ngah, Wan Azman Saini The impact of European Monetary Union on the relationship between financial development and growth |
| title | The impact of European Monetary Union on the relationship
between financial development and growth |
| title_full | The impact of European Monetary Union on the relationship
between financial development and growth |
| title_fullStr | The impact of European Monetary Union on the relationship
between financial development and growth |
| title_full_unstemmed | The impact of European Monetary Union on the relationship
between financial development and growth |
| title_short | The impact of European Monetary Union on the relationship
between financial development and growth |
| title_sort | impact of european monetary union on the relationship
between financial development and growth |
| url | http://psasir.upm.edu.my/id/eprint/32214/ http://psasir.upm.edu.my/id/eprint/32214/1/32214.pdf |