Financial liberalization or financial development? Test using Delphi-based index of liberalization
Most empirical analysis of the finance-growth nexus has used measures of financial development such as the ratio of monetary or financial assets to GDP to measure financial development. We argue that from a policy perspective measures of financial liberalization or reform are of greater interest and...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Utara Malaysia
2009
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/25084/1/IJBF%206%201%202009%2095%20115.pdf |