2016, Volume 69 - Issue 4
RSS feed citation: At RePEc
Publication date: 13 October 2016
EMU AND THE ANCHORING OF INFLATION EXPECTATIONSRead the article
COMPARISON OF THE FUNDAMENTAL AND MONETARY MODELS OF THE DETERMINANTS OF THE ARGENTINE PESO/US DOLLAR EXCHANGE RATERead the article
THE IMPACT OF RECENT CRISIS ON THE REAL ESTATE MARKET IN THE UAE: EVIDENCE FROM ASYMMETRIC METHODSRead the article
Imad MOOSA, School of Economics, Finance and Marketing, RMIT University, Melbourne, Australia
The results presented in this study provide cross-sectional evidence on the “financial Kuznets curve”, which is the financial counterpart of the environmental Kuznets curve. It is a representation of the “finance curse”, providing a warning signal against over-dependence on the financial sector. By measuring the degree of financialisation in terms of the ratio of publicly-traded shares to GDP, the results show an inverted U-shaped curve between the GDP growth rate and financialisation. The negative effect of financialisation on growth materialises much more quickly in high growth countries.
Environmental Kuznets Curve, Financial Kuznets Curve, Finance Curse, Financialisation
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