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Binomial Inseparable of the Emerging Countries between the Financial Development Level and their Economic Growth

机译：在金融发展水平与经济增长之间的新兴国家的二项式不可分割

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Lately, it has been possible to witness an important development of the economic literature on the relationship between financial development and economic growth. Numerous economists have explained theoretically that a good functioning of the financial system has a positive effect on the economic growth. Before studying the relation between these two components, we aims the factors influencing the economic growth. The results show that financial development has a positive effect in the long run, despite the fact that it's not proven in the short term as well. At the same time, financial development influences economic growth, a fact proven by the Granger causality test applied on a panel of some emerging countries.

机译：最近，有可能见证经济文学的重要发展，以金融发展与经济增长之间的关系。理论上，许多经济学家在理论上解释说，金融体系的良好运作对经济增长具有积极影响。在研究这两个组分之间的关系之前，我们旨在影响经济增长的因素。结果表明，尽管事实上，金融发展在长期内部也存在积极的效果。与此同时，金融发展影响了经济增长，这一事实得到了格兰杰因果试验，申请了一些新兴国家的小组。

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《International Conference LUMEN》|2014年||共9页
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Constantinescu L.M.; Tanasescu D.;
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1. The impact of financial development on economic growth Empirical analysis of emerging market countries [J] . Najeb Masoud, Glenn Hardaker Studies in economics and finance . 2012,第3期

机译：金融发展对经济增长的影响新兴市场国家的经验分析
2. The Effect of Exchange Rate Fluctuations on Economic Growth Considering the Level of Development of Financial Markets in Selected Developing Countries [J] . Mehdi Basirat, Arezoo Nasirpour, Alireza Jorjorzadeh Asian Economic and Financial Review . 2014,第4期

机译：考虑到某些发展中国家金融市场发展水平的汇率波动对经济增长的影响
3. How do financial globalization, institutions and economic growth impact financial sector development in European countries? [J] . Nasreen Samia, Mahalik Mantu Kumar, Shahbaz Muhammad, Research in International Business and Finance . 2020,第Deca期

机译：欧洲国家的金融全球化，机构和经济增长影响金融部门发展如何？
4. Binomial Inseparable of the Emerging Countries between the Financial Development Level and their Economic Growth [C] . Constantinescu L.M., Tanasescu D. International Conference LUMEN . 2014

机译：在金融发展水平与经济增长之间的新兴国家的二项式不可分割
5. Financial structure, investment, and economic development a flow of funds analysis of emerging countries [D] . Staritz, Cornelia 2008

机译：金融结构，投资和经济发展对新兴国家的资金流动分析
6. Are cause of death data fit for purpose? evidence from 20 countries at different levels of socio-economic development [O] . Kim Moesgaard Iburg, Lene Mikkelsen, Tim Adair, 2020

机译：是死亡数据的原因适合目的吗？来自20个国家的社会经济发展不同的国家的证据
7. Financial Development and the Distributional Effects of Monetary Policy Do the distributional consequences of monetary policy depend on the extent of financial development? Should optimal monetary policy vary across countries? In order to answer these questions, we develop a monetary growth production model with heterogeneous agents. In our economy, optimal policy needs to weigh the effects of policy across two groups — capital owners and individuals who hold liquid assets. While banks help limit the exposure to inflation, there are limits because money alleviates the frictions of private information and limited communication. In this environment, we compare two economies that are identical in every aspect except for their level of financial development. In a country with limited financial development, a stock market is absent. In the other, an equity market is active. In either economy, inflation adversely affects capital formation and output. Individuals who hold liquid assets are always adversely affected by inflation, but the attitude of capital owners depends on the level of financial development. In particular, in the presence of a stock market, the impact of inflation on the welfare of capital owners is non-monotonic. Nevertheless, optimal monetary policy is always more conservative at higher levels of financial development. [O] . TINA M. Edgar A. Ghossoub, TINA M. Robert R. Reedy 100

机译：金融发展和货币政策的分配效应货币政策的分配后果是否取决于金融发展的程度？各国的最优货币政策应该不同吗？为了回答这些问题，我们开发了一个具有异构代理的货币增长生产模型。在我们的经济中，最优政策需要权衡两个群体的政策效应 - 资本所有者和持有流动资产的个人。虽然银行帮助限制通胀风险，但存在限制，因为资金减轻了私人信息的摩擦和有限的沟通。在这种环境下，我们比较两个经济体在各个方面都是相同的，除了它们的金融发展水平。在金融发展有限的国家，缺乏股票市场。另一方面，股票市场活跃。在任一经济体中，通胀都会对资本形成和产出产生不利影响持有流动资产的个人总是受到通货膨胀的不利影响，但资本所有者的态度取决于金融发展的水平。特别是，在股票市场存在的情况下，通货膨胀对资本所有者福利的影响是非单调的。尽管如此，在较高的金融发展水平下，最优货币政策总是更加保守。

Binomial Inseparable of the Emerging Countries between the Financial Development Level and their Economic Growth

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