... covers the financial liberalization periods and capital flow shifts and excludes pandemic shocks and new policy shocks. Further, this study establishes the causal direction and magnitude of the relationship using the Panel Granger Causality ( PGC ) test proposed by Dumitrescu and Hurlin (2012); Breitung...

...Mesbah Fathy Sharaf; Abdelhalem Mahmoud Shahen; Badr Abdulaziz Binzaid Purpose This study aims to investigate the causal relationship between external debt and inflation in Jordan over the period 1970 to 2020. Design/methodology/approach The external debt–inflation nexus is examined within...

...Betul Kurtoglu; Dilek Durusu-Ciftci Purpose This study aims to examine the interrelationship between financial stability and economic growth with a comprehensive analysis. Design/methodology/approach The panel Granger causality testing approach is carried out to the panels of the Fragile Five...

... by covering different regimes including the regulated and the liberalized period. Design/methodology/approach For examining the long-run relationship between these sectors, the study uses VAR-VECM technique. Further, Granger causality test is used to check if there is the presence of any causal link among...

...Sheilla Nyasha; Nicholas M Odhiambo Purpose – The purpose of this paper was to survey the existing literature on the causal relationship between bank-based financial development and economic growth, highlighting the theoretical and empirical evidence from recent work. Although some previous...

... the interaction between stock and foreign exchange markets: bounds testing for cointegration, non‐causality test, and the two‐step approach with a bivariate GARCH model and Granger causality test. Findings The results of the present study show that bounds testing for cointegration does not detect the long‐run...