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dc.contributor.authorSmolo, Edib
dc.date.accessioned2023-02-28T09:43:38Z
dc.date.available2023-02-28T09:43:38Z
dc.date.issued2022
dc.identifier.citationSmolo, E. (2022). Bank Concentration and Economic Volatility in the OIC Countries: The Role of Financial Development. Croatian Economic Survey, 24(2), 79-121. https://doi.org/10.15179/ces.24.2.3en_US
dc.identifier.doihttps://doi.org/10.15179/ces.24.2.3en_US
dc.identifier.urihttp://hdl.handle.net/20.500.14131/479
dc.description.abstractThis study examines the effect of bank concentration and financial development on economic volatility in member countries of the Organization of Islamic Cooperation (OIC). Using the GMM estimator, we cover the 2000–2017 period. Based on both linear and non-linear estimations, we find no significant impact of bank concentration on economic volatility. By contrast, financial development reduces economic volatility. Moreover, the relationship between concentration and volatility is influenced by financial development. Considering this, policymakers should put more emphasis on developing the financial sector than controlling bank concentrations. We find that our findings remain robust in the face of different specifications and proxies used to measure bank concentration and financial development.en_US
dc.subjecteconomic volatilityen_US
dc.subjectbank concentrationen_US
dc.subjectfinancial developmenten_US
dc.subjectOICen_US
dc.subjectGMMen_US
dc.titleBank Concentration and Economic Volatility in the OIC Countries: The Role of Financial Developmenten_US
dc.source.journalCroatian Economic Surveyen_US
dc.source.volume24en_US
dc.source.issue2en_US
refterms.dateFOA2023-02-28T09:43:39Z
dc.contributor.researcherCollege Collaborationen_US
dc.source.indexScopusen_US
dc.contributor.departmentFinanceen_US


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