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The integration of financial markets and growth - the role of banking regulation and supervision

Author

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  • Katarzyna Sum

    (Szkoła Główna Handlowa w Warszawie)

Abstract

The study is aimed at investigating the role of banking regulation and supervision in the relation between financial integration and long term growth by means of dynamic panel model estimation. The study covers a sample of 69 countries during the period 1975-2007.The study gives some new results on the impact of banking regulation on the investigated relation. Banking regulation can turn the negative impact of financial integration on growth into positive. Moreover the results indicate that the respective banking regulatory features play various roles in shaping the effects of financial integration on growth.

Suggested Citation

  • Katarzyna Sum, 2012. "The integration of financial markets and growth - the role of banking regulation and supervision," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 26, pages 129-142.
    • Handle: RePEc:sgh:annals:i:26:y:2012:p:129-142
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    References listed on IDEAS

    as
    1. Loayza, Norman V. & Ranciere, Romain, 2006. "Financial Development, Financial Fragility, and Growth," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(4), pages 1051-1076, June.
    2. Bonfiglioli, Alessandra, 2008. "Financial integration, productivity and capital accumulation," Journal of International Economics, Elsevier, vol. 76(2), pages 337-355, December.
    3. Edward L. Glaeser & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2004. "Do Institutions Cause Growth?," Journal of Economic Growth, Springer, vol. 9(3), pages 271-303, September.
    4. Barth, James R. & Caprio, Gerard Jr. & Levine, Ross, 2004. "Bank regulation and supervision: what works best?," Journal of Financial Intermediation, Elsevier, vol. 13(2), pages 205-248, April.
    5. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial integration; banking regulation; banking supervision; growth;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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