WEKO3
アイテム
ESSAYS ON FINANCIAL DEVELOPMENT
https://iuj.repo.nii.ac.jp/records/938
https://iuj.repo.nii.ac.jp/records/9380ea63961-f0da-4a1b-a405-33f601459b62
| 名前 / ファイル | ライセンス | アクション |
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YinYinMon_FinalExamReport (195.8 kB)
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1B6D04_Abstract (Final) (16.2 kB)
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1B6D04_Full Text (Final) (1.2 MB)
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| Item type | 学位論文 / Thesis or Dissertation(1) | |||||||||
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| 公開日 | 2019-08-15 | |||||||||
| タイトル | ||||||||||
| タイトル | ESSAYS ON FINANCIAL DEVELOPMENT | |||||||||
| タイトル | ||||||||||
| タイトル | ESSAYS ON FINANCIAL DEVELOPMENT | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Financial development | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Financial institutions | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Financial markets | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Shadow economy | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Economic environment | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Fiscal policy | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Monetary policy | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Financial reform | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Financial crisis | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Macroeconomic variables | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_46ec | |||||||||
| 資源タイプ | thesis | |||||||||
| 著者 |
Mon, Yin Yin
× Mon, Yin Yin
× Mon, Yin Yin
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| 抄録 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | This study analyses financial sector development using an econometric model to understand various issues related to financial development through three essays. The first essay empirically investigates the non-linear effect of financial development on the shadow economy (SE) and how the development of the financial market and financial institution shape the size of the shadow economy. The estimation uses a two-stage least square method based on the data of 59 countries from 1991-2014 and uses the financial liberalization index as the instrumental variable. In general, the finding suggests that financial market development reduces the size of the shadow economy. Moreover, the influence is not monotonic, and it can be categorized by three stages. In the first stage, financial development might be insufficient; it has no clear influence on the shadow economy. When the development is higher than a certain level, it begins the second stage, in which the financial development starts to reduce the shadow economy. When financial development continues to rise, its influence diminishes in the third stage. The second essay empirically explores how monetary policy (money growth) and fiscal policy (government expenditure) are related to financial development and how the economic environment influences these relationships. The estimation uses the fixed effects model constructed on the average 5-year period panel data of 59 countries from 1987 to 2011. The results show that both money growth rate and government expenditure are negatively related to financial development. Moreover, in a better economic environment (an index measured by six dimensions), a higher money growth rate comes with better financial development, while the relationship between government expenditure and financial development does not depend on the economic environment. The third essay examines how the financial crisis influenced the speed of financial reform using the data of 91 countries from 1973 to 2005. The results indicate that the influences of the crisis on reform depend on the economic environment. After the financial crisis, small economies tended to speed up reform, while large economies tended to slow it down. The more connected an economy is to the world economy, the less likely it is to choose to reverse financial reform. These findings are basically in line with the 'crisis-begets-reform hypothesis', together with a condition. |
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| 学位名 | ||||||||||
| 学位名 | 博士（経済学）/ Ph.D. in Economics | |||||||||
| 学位授与機関 | ||||||||||
| 学位授与機関名 | International University of Japan | |||||||||
| 学位授与年度 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | 2019 | |||||||||
| 学位授与年月日 | ||||||||||
| 学位授与年月日 | 2019-06-22 | |||||||||
| 学位授与番号 | ||||||||||
| 学位授与番号 | 経済博第1号 | |||||||||
