Template-Type: ReDIF-Article 1.0
Author-Name: Edgar Demetrio Tovar Garcia
Author-Email: beno09@yahoo.com
Author-Workplace-Name: University of Barcelona; Higher School of Economics 
Title: Globalization Impact on Financial Development of Emerging Economies
Abstract: The article analyzes the impact of financial globalization on financial development of the emerging economies. Empirical evidence with new indices that better reflect the theory and primary concepts is discussed. It presents evaluation of dynamic panel data based on the generalized method of moments. Principal conclusion: financial globalization promotes securities market growth but has no effect on credit growth or financial development.
Classification-JEL: F01, F60, F68
Keywords: financial globalization, financial development, developing countries, panel data, generalized method of moments
Journal: Finansovyj žhurnal — Financial Journal
Pages: 37-48
Issue: 1
Year: 2012
Month: January
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2012/1/statii/2012_01_04.pdf
Handle: RePEc:fru:finjrn:120104:p:37-48