Theoretical and Applied Economics
No. 1 / 2021 (626), Spring
Does exchange rate volatility affect financial depth? Evidence from BRICS countries
İLBANK A.Ş., Turkey
Abstract. Deepening of financial system in emerging market economies is crucial for economic development. Financial depth enhances the ability of financial system to supply funds to private sector. In this study, the impact of exchange rate volatility on financial depth in Brazil, Russia, China and South Africa is investigated in the short and long run. In this regard, annual data belonging to 1980-2018 period is used.
The findings obtained from empirical analyses confirm that real exchange rate is not a factor that affects financial depth and so financial development. On the other hand, financial depth is a factor affecting exchange rate volatility in Brazil, Russia, China and South Africa. These results may be a reason of relatively enough size and development of financial systems. Moreover, dominancy of public sector in financial system may be another reason.
Contents
How do immigration impact unemployment and economic prosperity? An extensive investigation from the OECD nations
Influences and spatial effects on subjective well-being
Pre- and post- analysis of Bank of Japan’s policy implementation of negative interest rates
Using of KPIs and Dashboard in the analysis of Nike company's performance management
Economic policy uncertainty and adaptability in international capital markets
Is the creation of major objectives in the European Union an objective that may constitute a challenge for the Member States of the European Union?
Romania’s coal-fired power plants efficiency and pollution in the context of the European green deal
Equilibrium in a Stackelberg duopoly
Energy and economic growth. An empirical analysis
Fiscal competition and public expenditure composition in the era of globalization: Panel data analysis
Empirics of technology and unemployment in advanced countries
Capital account liberalisation in India: Volatility of capital flows and selective policy issues
Health, health production and input financing: A theoretical note
The response of monetary policy to the COVID-19 pandemic in Turkey. The path of a credit-based economic recovery
The co-integration and causal relationship between saving and economic growth in India
Does exchange rate volatility affect financial depth? Evidence from BRICS countries
Debt-financed public investment in developing countries: Does the efficiency of public investment matter?
Dynamic connection between macroeconomic variables and sectoral stock returns: Evidence from India
A pragmatic evaluation of the interconnection between currency futures return volatility, open interest and volume
Fiscal policy and growth-inequality tradeoffs: Bayesian evidence from Cote d’Ivoire
My colleague is corrupt: Information disclosure to control corruption