Journal of Financial Economic Policy: Volume 10 Issue 3

Real sector consequences of bank diversification: evidence across US industries and states

Amit Ghosh

This paper aims to examine the consequences of banks asset, funding and income diversification on regional economic stability in the USA by using data on all 50 states and…

Impact of federal income tax rates and government borrowing on nominal interest rate yields on tax-free municipal bonds

Richard Cebula, Usha Nair-Reichert

This study investigates the impact of federal income tax rates and budget deficits on the nominal interest rate yield on high-grade municipal tax-free bonds (municipals) in the…

Explaining the adoption of benefit corporation laws by the US states

Susan M. Murray

Over half of the US states have jettisoned an exclusive focus on profit maximization for shareholders and created new corporate structures, called “benefit corporations”, which…

Financial inclusion and economic growth linkage: some cross country evidence

Dinabandhu Sethi, Debashis Acharya

The purpose of this paper is to assess the dynamic impact of financial inclusion on economic growth for a large number of developed and developing countries.

The twin-deficit hypothesis: revisiting Indian economy in a nonlinear framework

Javed Ahmad Bhat, Naresh Kumar Sharma

This paper aims to scrutinize the asymmetric interactions between current account deficit and gross fiscal deficit in case of a growing and dynamically integrated economy, namely…

A discourse analysis of financial inclusion: post-liberalization mapping in rural and urban India

Sanjaya Kumar Lenka, Rajesh Barik

The purpose of this study is to measure the availability, accessibility and usability of financial products and services in both rural and urban India from 1991 to 2014.

Does financial development accelerate economic growth?: An empirical analysis of European countries in transition

Besnik Taip Fetai

This study aims to empirically explore whether there is causality and in which direction, i.e. whether financial development generates economic growth or whether financial…