Utilizing Arellano and Bond (1991) panel-GMM estimator model, this paper investigates dynamic interactions between financial system, through bank/stock market development, and economic growth volatility in overall/specific country group levels for 47 developed/developing/transition countries...

First regulations of securities firms were going back to Banking Crisis emerging at early 1980's. The number of securities firms in Turkey were booming in the late 1980's and early 1990's but the sector has been shrinking as a trend in terms of number of the securities firms nearly more than a...

The objective of this paper is to examine whether bank and stock market development contributes to reducing income inequality and poverty in emerging countries. Using dynamic panel data methods with an updated dataset for the period 1987–2011, we assess the finance–inequality–poverty nexus...

Economic security is connected to pursuing economic and political existence primarily based on country's own benefits and internal decision making capabilities. Conceptually, economic security is related to economic self-sufficiency and independence which are important elements of national...