... 2010, indicating a growing decoupling between financial deepening and real investment. Research limitations/implications The study relies on aggregate macro-data, which may mask sector-specific nuances. Future research could benefit from granular loan-level data to further unpack the specific...

... market in financial deepening from a domestic to an international dimension. Financial policy making can be aided by the authors' findings through looking at the financial deepening-stock market linkage from both domestic and globalized perspectives. Ebere Ume Kalu can be contacted at: ebere.kalu...