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Financial consumer protection and economic growth

Show simple item record Kriese, M. Abor, J.Y. Agbloyor, E. 2019-12-02T11:55:46Z 2019-12-02T11:55:46Z 2019-03-11
dc.identifier.other DOI 10.1108/IJOEM-05-2018-0229
dc.description Research Article en_US
dc.description.abstract Purpose – The purpose of this paper is to examine the link between financial consumer protection (FCP) and economic growth. Design/methodology/approach – The authors use cross-country data on 114 countries surveyed in the World Bank Global Survey on FCP and Financial Literacy (2013) and endogenous treatment regressions for the estimation. Findings – The results indicate that FCP enhances economic growth through fair treatment, responsible lending, enforcement and dispute resolution and recourse regulations. The authors find no evidence to suggest that disclosure and compliance monitoring regulations have an effect on economic growth. Practical implications – This study provides rich insight into the important question faced by policy makers, as to which FCP regulatory mechanisms to put in place to enhance economic growth. Originality/value – This study provides current, cross-country empirical evidence on the debate as to whether FCP enhances economic growth en_US
dc.language.iso en en_US
dc.publisher International Journal of Emerging Markets en_US
dc.relation.ispartofseries 14;5
dc.subject Economic growth en_US
dc.subject Regulations en_US
dc.subject Financial consumer protection en_US
dc.title Financial consumer protection and economic growth en_US
dc.type Article en_US

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