Bank Concentration and Economic Volatility in the OIC Countries: The Role of Financial Development

IF 0.4 Q4 ECONOMICS

Croatian Economic Survey Pub Date : 2022-12-27 DOI:10.15179/ces.24.2.3

Edib Smolo

引用次数: 0

Abstract

This study examines the effect of bank concentration and financial development on economic volatility in member countries of the Organization of Islamic Cooperation (OIC). Using the GMM estimator, we cover the 2000–2017 period. Based on both linear and non-linear estimations, we find no significant impact of bank concentration on economic volatility. By contrast, financial development reduces economic volatility. Moreover, the relationship between concentration and volatility is influenced by financial development. Considering this, policymakers should put more emphasis on developing the financial sector than controlling bank concentrations. We find that our findings remain robust in the face of different specifications and proxies used to measure bank concentration and financial development.

查看原文本刊更多论文

OIC国家银行集中度与经济波动:金融发展的作用

本研究考察了银行集中和金融发展对伊斯兰合作组织成员国经济波动的影响。使用GMM估计量，我们涵盖了2000-2017年期间。基于线性和非线性估计，我们发现银行集中度对经济波动没有显著影响。相比之下，金融发展减少了经济波动。此外，集中度和波动性之间的关系受到金融发展的影响。考虑到这一点，政策制定者应该更加重视发展金融部门，而不是控制银行集中度。我们发现，面对用于衡量银行集中度和金融发展的不同规范和指标，我们的研究结果仍然稳健。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Croatian Economic Survey ECONOMICS-

CiteScore

0.90

自引率

0.00%

发文量

审稿时长

12 weeks

期刊介绍： The journal Croatian Economic Survey is a Diamond Open Access journal defined by the following characteristics: -Peer review: the article goes through the journal''s process of a double-blind peer review. -Public access: both the author and the public have immediate access to the final, published version of the article. -Funding model: both the author and the public pay no fee to the journal. The journal is financially supported by the Ministry of Science and Education of the Republic of Croatia. Croatian Economic Survey is an English-language, peer-reviewed scholarly journal published by the Institute of Economics, Zagreb in Croatia and financed by the Croatian Ministry of Science and Education. The journal aims to serve as a forum for academics and practitioners by publishing high-quality research papers on topics in all areas of economics. Special focus is given to post-socialist Europe. Comparative studies are especially encouraged, since these countries share a similar socio-economic background and comparative studies offer a valuable source of insight for policy formulation as well as a basis for competitive benchmarking. The journal welcomes empirical and policy-oriented papers relevant to a broader international audience. Contributions need not be limited solely to economics; submissions from other related disciplines are encouraged.