{"id":"https://openalex.org/W2018964557","doi":"https://doi.org/10.1504/ijfsm.2011.041920","title":"Financial stability and economic growth: a cross-country study","display_name":"Financial stability and economic growth: a cross-country study","publication_year":2011,"publication_date":"2011-01-01","ids":{"openalex":"https://openalex.org/W2018964557","doi":"https://doi.org/10.1504/ijfsm.2011.041920","mag":"2018964557"},"language":"en","primary_location":{"id":"doi:10.1504/ijfsm.2011.041920","doi":"https://doi.org/10.1504/ijfsm.2011.041920","is_oa":false,"landing_page_url":"https://doi.org/10.1504/ijfsm.2011.041920","pdf_url":null,"source":{"id":"https://openalex.org/S3297139","display_name":"International Journal of Financial Services Management","issn_l":"1460-6712","issn":["1460-6712","1741-8062"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310317825","host_organization_name":"Inderscience Publishers","host_organization_lineage":["https://openalex.org/P4310317825"],"host_organization_lineage_names":["Inderscience Publishers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Financial Services Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5032324940","display_name":"Lordina P. Manu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I138690464","display_name":"University of Ghana","ror":"https://ror.org/01r22mr83","country_code":"GH","type":"education","lineage":["https://openalex.org/I138690464"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Lordina P. Manu","raw_affiliation_strings":["Department of Finance, University of Ghana Business School, P.O. Box LG 78, Legon, Ghana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, University of Ghana Business School, P.O. Box LG 78, Legon, Ghana","institution_ids":["https://openalex.org/I138690464"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5087852530","display_name":"Charles Adjasi","orcid":"https://orcid.org/0000-0001-6682-5740","observed_orcids":["https://orcid.org/0000-0001-6682-5740"]},"institutions":[{"id":"https://openalex.org/I26092322","display_name":"Stellenbosch University","ror":"https://ror.org/05bk57929","country_code":"ZA","type":"education","lineage":["https://openalex.org/I26092322"]}],"countries":["ZA"],"is_corresponding":false,"raw_author_name":"Charles K.D. Adjasi","raw_affiliation_strings":["Department of Finance, University of Stellenbosch Business School, Cape Town, South Africa"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, University of Stellenbosch Business School, Cape Town, South Africa","institution_ids":["https://openalex.org/I26092322"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5068431678","display_name":"Joshua Yindenaba Abor","orcid":"https://orcid.org/0000-0002-3424-7760","observed_orcids":["https://orcid.org/0000-0002-3424-7760"]},"institutions":[{"id":"https://openalex.org/I138690464","display_name":"University of Ghana","ror":"https://ror.org/01r22mr83","country_code":"GH","type":"education","lineage":["https://openalex.org/I138690464"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Joshua Abor","raw_affiliation_strings":["Department of Finance, University of Ghana Business School, P.O. Box LG 78, Legon, Ghana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, University of Ghana Business School, P.O. Box LG 78, Legon, Ghana","institution_ids":["https://openalex.org/I138690464"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5073693194","display_name":"Simon Kwadzogah Harvey","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I114395901","display_name":"University of Nebraska\u2013Lincoln","ror":"https://ror.org/043mer456","country_code":"US","type":"education","lineage":["https://openalex.org/I114395901"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Simon K. Harvey","raw_affiliation_strings":["Department of Economics, College of Business Administration, University of Nebraska, Lincoln, NE 68588-0489, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, College of Business Administration, University of Nebraska, Lincoln, NE 68588-0489, USA","institution_ids":["https://openalex.org/I114395901"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.8531,"has_fulltext":false,"cited_by_count":42,"citation_normalized_percentile":{"value":0.85700237,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"5","issue":"2","first_page":"121","last_page":"121"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8788999915122986,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8788999915122986,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.10570000112056732,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13867","display_name":"Economic Growth and Development","score":0.005499999970197678,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-stability","display_name":"financial stability","score":1.0},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":1.0},{"id":"https://openalex.org/keywords/capital-adequacy","display_name":"capital adequacy","score":0.9340000152587891},{"id":"https://openalex.org/keywords/liquidity","display_name":"liquidity","score":0.8539999723434448},{"id":"https://openalex.org/keywords/asset-quality","display_name":"asset quality","score":0.9990000128746033},{"id":"https://openalex.org/keywords/banking","display_name":"banking sector","score":0.49900001287460327},{"id":"https://openalex.org/keywords/african-economies","display_name":"African economies","score":0.6299999952316284},{"id":"https://openalex.org/keywords/central-bank-policy","display_name":"central bank policy","score":0.6919999718666077}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6034102439880371},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5743763446807861},{"id":"https://openalex.org/C2992337254","wikidata":"https://www.wikidata.org/wiki/Q31275820","display_name":"Financial stability","level":2,"score":0.5149877667427063},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.5101073384284973},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.4505607485771179},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4499342739582062},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.4310793876647949},{"id":"https://openalex.org/C2779338949","wikidata":"https://www.wikidata.org/wiki/Q4808812","display_name":"Asset quality","level":4,"score":0.420754611492157},{"id":"https://openalex.org/C73374054","wikidata":"https://www.wikidata.org/wiki/Q2995667","display_name":"Economic stability","level":2,"score":0.4201383590698242},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3740888237953186},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3487757444381714},{"id":"https://openalex.org/C16969640","wikidata":"https://www.wikidata.org/wiki/Q1070805","display_name":"Capital adequacy ratio","level":3,"score":0.3335886597633362},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.27747607231140137},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.13234546780586243},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1504/ijfsm.2011.041920","doi":"https://doi.org/10.1504/ijfsm.2011.041920","is_oa":false,"landing_page_url":"https://doi.org/10.1504/ijfsm.2011.041920","pdf_url":null,"source":{"id":"https://openalex.org/S3297139","display_name":"International Journal of Financial Services Management","issn_l":"1460-6712","issn":["1460-6712","1741-8062"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310317825","host_organization_name":"Inderscience Publishers","host_organization_lineage":["https://openalex.org/P4310317825"],"host_organization_lineage_names":["Inderscience Publishers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Financial Services Management","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:ids:ijfsmg:v:5:y:2011:i:2:p:121-138","doi":null,"is_oa":false,"landing_page_url":"http://www.inderscience.com/link.php?id=41920","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.9211000204086304,"id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","score":0.6800000071525574,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":40,"referenced_works":["https://openalex.org/W1489808281","https://openalex.org/W1504584341","https://openalex.org/W1531240906","https://openalex.org/W1537543935","https://openalex.org/W1538491468","https://openalex.org/W1547090667","https://openalex.org/W1570385647","https://openalex.org/W1571142392","https://openalex.org/W1583753724","https://openalex.org/W1975156195","https://openalex.org/W1976537840","https://openalex.org/W1993622537","https://openalex.org/W2005013362","https://openalex.org/W2014587538","https://openalex.org/W2046005638","https://openalex.org/W2051128140","https://openalex.org/W2051438039","https://openalex.org/W2055032613","https://openalex.org/W2074924052","https://openalex.org/W2077358653","https://openalex.org/W2099268311","https://openalex.org/W2099744804","https://openalex.org/W2100077709","https://openalex.org/W2101806747","https://openalex.org/W2102897370","https://openalex.org/W2108491286","https://openalex.org/W2109285894","https://openalex.org/W2117513178","https://openalex.org/W2125331782","https://openalex.org/W2158289614","https://openalex.org/W2158437796","https://openalex.org/W2158517350","https://openalex.org/W2161854564","https://openalex.org/W2260310772","https://openalex.org/W2885099576","https://openalex.org/W2990647798","https://openalex.org/W3121164101","https://openalex.org/W3123833473","https://openalex.org/W3124560121","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W4399927650","https://openalex.org/W7219961699","https://openalex.org/W3180543328","https://openalex.org/W4387615965","https://openalex.org/W3194314967","https://openalex.org/W4398208678","https://openalex.org/W7038467749","https://openalex.org/W7118124279","https://openalex.org/W4407383768","https://openalex.org/W4389289479"],"abstract_inverted_index":{"The":[0],"study":[1],"examines":[2],"the":[3,18,30,44,50,53,60,64,68,78],"relationship":[4],"between":[5],"financial":[6,22,82],"stability":[7,23,79],"and":[8,37,52,67],"economic":[9,27,88],"growth":[10,46,89],"in":[11,49,84,90],"Africa.":[12],"Using":[13],"a":[14],"dynamic":[15],"fixed-effect":[16],"model,":[17],"results":[19,31],"reveal":[20],"that":[21,33,59,76],"impacts":[24],"positively":[25],"on":[26,43],"growth.":[28],"Specifically,":[29],"indicate":[32],"capital":[34],"adequacy,":[35],"liquidity":[36],"asset":[38],"quality":[39],"have":[40],"significant":[41],"effects":[42],"GDP":[45],"rate":[47],"both":[48],"long":[51],"short":[54],"run.":[55],"It":[56],"is":[57],"recommended":[58],"agencies":[61],"concerned,":[62],"mainly":[63],"central":[65],"banks":[66],"governments":[69],"of":[70,80],"African":[71],"countries,":[72],"should":[73],"pursue":[74],"policies":[75],"enhance":[77],"their":[81,91],"systems":[83],"order":[85],"to":[86],"spur":[87],"respective":[92],"countries.":[93]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":8},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":2},{"year":2016,"cited_by_count":2},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}