The paper investigates the missing link in the literature – whether informal institutions, or what is known as culture, can affect the level of financial development for a country? Our hypothesis stresses that the cultural dimensions of a country can have an impact on its financial set up. We...

The paper investigates the missing link in the literature – whether informal institutions, or what is known as culture, can affect the level of financial development for a country? Our hypothesis stresses that the cultural dimensions of a country can have an impact on its financial set up. We...

This article investigates the role of political institutions and culture in creating an efficient financial infrastructure for a country. It further delves into this relationship and addresses the question: do both types of institutions mentioned above affect financial development of a country,...

The paper revisits the relationship between capital flight and financial development. Previous research has focused on a linear relationship between the two variables. Using a broad panel of 107 middle income and low income economies, the results reveal that a non-linear association exists...

This paper presents an interesting analysis of the role of financial development in boosting domestic investment of a country. The findings of the paper show that the responsiveness of investment to developments in the financial sector is conditional on the investment climate already in place....

The paper revisits the relationship between capital flight and financial development. Previous research has focused on a linear relationship between the two variables. Using a broad panel of 107 middle income and low income economies, the results reveal that a non-linear association exists...

This paper presents an interesting analysis of the role of financial development in boosting domestic investment of a country. The findings of the paper show that the responsiveness of investment to developments in the financial sector is conditional on the investment climate already in place....