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Please use this identifier to cite or link to this item: https://digital.lib.ueh.edu.vn/handle/UEH/61848
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dc.contributor.authorNguyen C.P.-
dc.contributor.otherSu T.D.-
dc.date.accessioned2021-08-20T14:47:30Z-
dc.date.available2021-08-20T14:47:30Z-
dc.date.issued2021-
dc.identifier.issn1062-9769-
dc.identifier.urihttp://digital.lib.ueh.edu.vn/handle/UEH/61848-
dc.description.abstractThis study is the first proper attempt to investigate the influence of financial development as a component of an institutional framework on economic vulnerability. Using a global sample of 76 countries from 1997 to 2017 and a series of econometric panel estimates, the findings are robust and consistent. The development of the financial system is found to have a significant negative impact on economic vulnerability, as demonstrated through investigations on the global sample and two sub-samples of 39 low- and lower-middle-income economies and 37 upper-middle and high-income economies. The analysis of three dimensions (financial depth, financial access, and financial efficiency) and two sub-sectors (financial institutions, and financial markets) also shows consistent negative impacts of financial development on economic vulnerability. Notably, the study documents a U-shaped effect of financial development on economic vulnerability. The findings are believed to warrant policymakers’ interest in the positive aspects of the financial system in easing economic vulnerability.en
dc.formatPortable Document Format (PDF)-
dc.language.isoeng-
dc.publisherElsevier B.V.-
dc.relation.ispartofThe Quarterly Review of Economics and Finance-
dc.relation.ispartofseriesVol. 81-
dc.rightsBoard of Trustees of the University of Illinois-
dc.subjectEconomic vulnerabilityen
dc.subjectFinancial developmenten
dc.subjectFinancial institutionsen
dc.subjectFinancial marketsen
dc.titleEasing economic vulnerability: Multidimensional evidence of financial developmenten
dc.typeJournal Articleen
dc.identifier.doihttps://doi.org/10.1016/j.qref.2021.06.007-
dc.format.firstpage237-
dc.format.lastpage252-
ueh.JournalRankingScopus-
item.fulltextOnly abstracts-
item.openairetypeJournal Article-
item.cerifentitytypePublications-
item.grantfulltextnone-
item.languageiso639-1en-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
Appears in Collections:INTERNATIONAL PUBLICATIONS
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