Financial systems all over the world have grown dramatically over recent decades. But is more finance necessarily … intermediation, on the one hand, and GDP per capita growth and growth volatility, on the other hand. Based on a sample of 77 … countries for the period 1980-2007, we find that intermediation activities increase growth and reduce volatility in the long run …

Financial systems all over the world have grown dramatically over recent decades. But is more finance necessarily … intermediation, on the one hand, and GDP per capita growth and growth volatility, on the other hand. Based on a sample of 77 … countries for the period 1980-2007, we find that intermediation activities increase growth and reduce volatility in the long run …

This study provides analytical insight on modelling macroeconomic and oil price volatility in Nigeria. Mainly, the … GARCH - M); and oil price is a major source of macroeconomic volatility in Nigeria. By implication, the Nigerian economy is … vulnerable to both internal shocks (interest rate volatility, real GDP volatility) and external shocks (exchange rate volatility …

and supervisory arrangements adequate when market volatility increases and financial institutions come under stress? In …