Liu-Evans, Gareth ORCID: 0000-0002-5880-2781 and Mitra, Shalini ORCID: 0000-0001-5264-1983
(2019)
Informality and Bank Stability.
Economics Letters, 182.
pp. 122-125.
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Abstract
While financial development (FD) has been widely studied in the literature as a determinant of informal sector size, there has been no focus on the role of financial stability. We find that the stability of the banking sector has a significant and robust negative effect on informality across countries. Using a recently available testing methodology based on a heteroskedasticity-robust Lasso we also find strong support for Rule of Law as a key determinant of informal sector size, and some evidence for the effect of FD.
Item Type: | Article |
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Uncontrolled Keywords: | Informality, Bank stability, Financial development, Rigorous lasso, Rule of law |
Depositing User: | Symplectic Admin |
Date Deposited: | 18 Jun 2019 09:51 |
Last Modified: | 19 Jan 2023 00:39 |
DOI: | 10.1016/j.econlet.2019.06.012 |
Related URLs: | |
URI: | https://livrepository.liverpool.ac.uk/id/eprint/3046250 |
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Informality and Bank Stability. (deposited 12 Jun 2019 15:20)
- Informality and Bank Stability. (deposited 18 Jun 2019 09:51) [Currently Displayed]