EconStor >
United Nations University (UNU) >
World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Discussion Papers, United Nations University (UNU) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/52843
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorAddison, Tonyen_US
dc.contributor.authorChowdhury, Abdur R.en_US
dc.contributor.authorMurshed, S. Mansooben_US
dc.date.accessioned2011-12-14T09:40:43Z-
dc.date.available2011-12-14T09:40:43Z-
dc.date.issued2002en_US
dc.identifier.isbn9291902195en_US
dc.identifier.urihttp://hdl.handle.net/10419/52843-
dc.description.abstractFinancial development is vulnerable to social conflict. Conflict reduces the demand for domestic currency as a medium of exchange and a store of value. Conflict also leads to poor quality governance, including weak regulation of the financial system, thereby undermining the sustainability of financial institutions. Conflict therefore reduces the social return to financial liberalization and other financial-sector reforms. This paper presents a theoretical model integrating the effects of conflict and financial liberalization, and then tests the model on data for 79 countries. Using an explanatory variable that measures the intensity of conflict (from low to high) the results show that conflict significantly reduces financial development, and that this negative effect increases as conflict intensifies. The paper concludes that conflict reduction is essential if financial reform is to have its full benefit for development.en_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesWIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2002/48en_US
dc.subject.jelO16en_US
dc.subject.jelO23en_US
dc.subject.ddc330en_US
dc.subject.keywordfinancial developmenten_US
dc.subject.keywordconflicten_US
dc.subject.keywordfinancial regulationen_US
dc.subject.stwFinanzmarkten_US
dc.subject.stwKapitalmarktliberalisierungen_US
dc.subject.stwSozialer Konflikten_US
dc.subject.stwTheorieen_US
dc.subject.stwWelten_US
dc.titleBy how much does conflict reduce financial development?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn350610746en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

Files in This Item:
File Description SizeFormat
350610746.pdf157.35 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.