create a website

Financial Inclusion, Financial Depth, and Macroeconomic Fluctuations. (2025). Mehboob, Ul Hassan ; Shahzad, Alvi ; Madiha, Munir ; Ruba, Aljarallah ; Saira, Tufail.
In: Economics - The Open-Access, Open-Assessment Journal.
RePEc:bpj:econoa:v:19:y:2025:i:1:p:23:n:1001.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 51

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Aghion, P., Angeletos, G. M., Banerjee, A., & Manova, K. (2010). Volatility and growth: Credit constraints and the composition of investment. Journal of Monetary Economics, 57(3), 246–265.

  2. Aghion, P., Banerjee, A., & Piketty, T. (1999). Dualism and macroeconomic volatility. The Quarterly Journal of Economics, 114(4), 1359–1397.

  3. Ahmed, S., Ahmed, W., Khan, S., Pasha, F., & Rehman, M. (2012). Pakistan economy DSGE model with informality. Germany: University Library of Munich.

  4. Čihák, M., Mare, D. S., & Melecky, M. (2016). The nexus of financial inclusion and financial stability: A study of trade-offs and synergies. The World Bank.
    Paper not yet in RePEc: Add citation now
  5. Arcand, J. L., Berkes, E., & Panizza, U. (2015). Too much finance?. Journal of Economic Growth, 20(2), 105–148.
    Paper not yet in RePEc: Add citation now
  6. Baskaya, Y. S., Kenç, T., Shim, I., & Turner, P. (2016). Financial development and the effectiveness of macroprudential measures. Macroprudential Policy, 86, 103–116.
    Paper not yet in RePEc: Add citation now

  7. Beck, T. (2002). Financial development and international trade: Is there a link? Journal of international Economics, 57(1), 107–131.

  8. Beck, T., Büyükkarabacak, B., Rioja, F. K., & Valev, N. T. (2012). Who gets the credit? And does it matter? Household vs. firm lending across countries. The BE Journal of Macroeconomics, 12(1), 3–13.

  9. Beck, T., Lundberg, M., & Majnoni, G. (2006). Financial intermediary development and growth volatility: do intermediaries dampen or magnify shocks? Journal of International Money and Finance, 25(7), 1146–1167.

  10. Bernanke, B. S., Gertler, M., & Gilchrist, S. (1999). The financial accelerator in a quantitative business cycle framework. Handbook of Macroeconomics, 1, 1341–1393.
    Paper not yet in RePEc: Add citation now

  11. Bhattacharya, R., & Patnaik, I. (2016). Financial inclusion, productivity shocks, and consumption volatility in emerging economies. The World Bank Economic Review, 30(1), 171–201.

  12. Cevdet, D., Iyigun, M. F., & Owen, A. L. (2000), Finance and macroeconomic volatility. Policy Research Working Paper Series No. 2487. The World Bank.
    Paper not yet in RePEc: Add citation now
  13. Choudhri, E., & Malik, H. (2012). Monetary policy in Pakistan: confronting fiscal dominance and imperfect credibility. Carleton University and State Bank of Pakistan, 1.
    Paper not yet in RePEc: Add citation now
  14. Coenen, G., & Straub, R. (2004). Non-Ricardian households and fiscal policy in an estimated DSGE model of the euro area. Manuscript, European Central Bank, 2, 1–37.
    Paper not yet in RePEc: Add citation now
  15. Dabla-Noris, E., Kochhar, K., Suphaphiphat, N., Ricka, F., & Tsounta, E. (2015). Causes and consequences of income inequality: A global perspective. International Monetary Fund.
    Paper not yet in RePEc: Add citation now
  16. Dabla-Norris, M. E., & Srivisal, M. N. (2013). Revisiting the link between finance and macroeconomic volatility (No. 13–29). International Monetary Fund.
    Paper not yet in RePEc: Add citation now

  17. Darrat, A. F., Abosedra, S. S., & Aly, H. Y. (2005). Assessing the role of financial deepening in business cycles: The experience of the United Arab Emirates. Applied Financial Economics, 15(7), 447–453.

  18. Darrat, A. F., Elkhal, K., & Hakim, S. R. (2000). On the integration of emerging stock markets in the Middle East. Journal of Economic Development, 25(2), 119–130.

  19. De Graeve, F. (2008). The external finance premium and the macroeconomy: US post-WWII evidence. Journal of Economic Dynamics and Control, 32(11), 3415–3440.

  20. Financial Inclusion, Financial Depth, and Macroeconomic Fluctuations  Easterly, W., Islam, R., & Stiglitz, J. (2000). Explaining growth volatility. In Annual World Bank Conference on Development Economics.

  21. Gómez, E., Murcia, A., Lizarazo, A., & Mendoza, J. C. (2019). Evaluating the impact of macroprudential policies on credit growth in Colombia. Journal of Financial Intermediation, 42, 100843.
    Paper not yet in RePEc: Add citation now
  22. Galí, J., López-Salido, J. D., & Vallés, J. (2007). Understanding the effects of government spending on consumption. Journal of the European Economic Association, 5(1), 227–270.
    Paper not yet in RePEc: Add citation now
  23. Gali, J., López-Salido, J. D., & Vallés, J. (2004). Rule-of-thumb consumers and the design of interest rate rules (No. w10392). National Bureau of Economic Research.
    Paper not yet in RePEc: Add citation now
  24. García, M. J. R., & José, M. (2016). Can financial inclusion and financial stability go hand in hand. Economic Issues, 21(2), 81–103.
    Paper not yet in RePEc: Add citation now

  25. Gerali, A., Neri, S., Sessa, L., & Signoretti, F. M. (2010). Credit and banking in a DSGE model of the Euro Area. Journal of Money, Credit and Banking, 42, 107–141.

  26. Gilchrist, S., Yankov, V., & Zakrajšek, E. (2009). Credit market shocks and economic fluctuations: Evidence from corporate bond and stock markets. Journal of Monetary Economics, 56(4), 471–493.

  27. Haider, A., & Ramzi, D. (2009). Nominal frictions and optimal monetary policy. The Pakistan Development Review, 48(4), 525–551.
    Paper not yet in RePEc: Add citation now
  28. Hannig, A., & Jansen, S. (2011). Financial inclusion and financial stability: Current policy issues. East Asian Bureau of Economic Research.
    Paper not yet in RePEc: Add citation now

  29. Havranek, T., Rusnak, M., & Sokolova, A. (2017). Habit formation in consumption: A meta-analysis. European Economic Review, 95, 142–167.

  30. Hollander, H., & Liu, G. (2016). The equity price channel in a NewKeynesian DSGE model with financial frictions and banking. Economic Modelling, 52, 375–389.
    Paper not yet in RePEc: Add citation now

  31. Iacoviello, M. (2005). House prices, borrowing constraints, and monetary policy in the business cycle. American Economic Review, 95(3), 739–764.

  32. Kamber, G., Smith, C., & Thoenissen, C. (2015). Financial frictions and the role of investment-specific technology shocks in the business cycle. Economic Modelling, 51, 571–582.

  33. Khan, H. R. (2011). Financial inclusion and financial stability: Are they two sides of the same coin. Address by Shri HR Khan, Deputy Governor of the Reserve Bank of India, at BANCON.
    Paper not yet in RePEc: Add citation now

  34. Kunieda, T. (2008). Financial development and volatility of growth rates: New evidence (No. 11341). Germany: University Library of Munich.

  35. López, T., & Winkler, A. (2019). Does financial inclusion mitigate credit boom-bust cycles?. Journal of Financial Stability, 43, 116–129.
    Paper not yet in RePEc: Add citation now
  36. Ma, Y., & Song, K. (2018). FD and macroeconomic volatility. Bulletin of Economic Research, 70(3), 205–225.
    Paper not yet in RePEc: Add citation now
  37. Majeed, M. T., & Noreen, A. (2018). FD and output volatility: A crosssectional panel data analysis. The Lahore Journal of Economics, 23(1), 97–141.
    Paper not yet in RePEc: Add citation now

  38. Malik, W. S., & Ahmed, A. (2010). Taylor rule and the macroeconomic performance in Pakistan. Pakistan Development Review, 49(1), 37–56.

  39. Mankiw, N. G. (2000). The savers-spenders theory of fiscal policy. American Economic Review, 90(2), 120–125.
    Paper not yet in RePEc: Add citation now
  40. McKinnon, R. I. (1973). Money and capital in economic development. Brookings Institution Press.
    Paper not yet in RePEc: Add citation now
  41. Morgan, P. J., & Pontines, V. (2018). Financial stability and financial inclusion: The case of SME lending. The Singapore Economic Review, 63(1), 111–124.
    Paper not yet in RePEc: Add citation now
  42. Ozili, P. K. (2020). Theories of financial inclusion. In Uncertainty and challenges in contemporary economic behaviour (pp. 89–115). Emerald Publishing Limited.
    Paper not yet in RePEc: Add citation now
  43. Pfeifer, J. (2014). A guide to specifying observation equations for the estimation of dsge models. Research Series, 1–150.
    Paper not yet in RePEc: Add citation now

  44. Pinheiro, T., Rivadeneyra, F., & Teignier, M. (2017). Financial development, credit, and business cycles. Journal of Money, Credit and Banking, 49(7), 1653–1665.

  45. Quadrini, V. (2011). Financial frictions in MF. FRB Richmond Economic Quarterly, 97(3), 209–254.
    Paper not yet in RePEc: Add citation now
  46. Sahay, R., Čihák, M., N’Diaye, P. M. B. P., Barajas, A., Mitra, S., Kyobe, A., & Yousefi, S. R. (2015). Financial inclusion: Can it meet multiple macroeconomic goals? (No. 15/17). International Monetary Fund.
    Paper not yet in RePEc: Add citation now

  47. Siddiki, J., & Bala-Keffi, L. R. (2024). Revisiting the relation between financial inclusion and economic growth: A global analysis using panel threshold regression. Economic Modelling, 135, 106707.

  48. Smets, F., & Wouters, R. (2003). An estimated dynamic stochastic general equilibrium model of the euro area. Journal of the European Economic Association, 1(5), 1123–1175.

  49. Tiryaki, G. F. (2003). FD and economic fluctuations. METU Studies in Development, 30(1), 89.
    Paper not yet in RePEc: Add citation now

  50. Vo, A. T., Van, L. T. H., Vo, D. H., & McAleer, M. (2019). Financial inclusion and macroeconomic stability in emerging and frontier markets. Annals of Financial Economics, 14(2), 1950008.

  51. Wen, S., Lin, B., & Zhou, Y. (2021). Does financial structure promote energy conservation and emission reduction? Evidence from China. International Review of Economics & Finance, 76, 755–766. 22  Saira Tufail et al.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Inflation Anchoring and Growth: Evidence from Sectoral Data. (2018). Loungani, Prakash ; Furceri, Davide ; Choi, Sangyup.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2018/036.

    Full description at Econpapers || Download paper

  2. Quantity versus Price Bank Competition and Macroeconomic Performance Given Bank Concentration. (2015). varelas, erotokritos.
    In: Review of Economics.
    RePEc:lus:reveco:v:66:y:2015:i:3:p:251-271.

    Full description at Econpapers || Download paper

  3. Financial Frictions and Foreign Direct Investment: Theory and Evidence from Japanese Microdata. (2015). Stähler, Frank ; Ryan, Michael ; Raff, Horst ; Stahler, Frank.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_5260.

    Full description at Econpapers || Download paper

  4. Are Banks Really Lazy? Evidence from Middle East and North Africa. (2014). Turk Ariss, Rima ; Gray, Simon T ; Turk-Ariss, Rima ; Karam, Philippe D.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2014/086.

    Full description at Econpapers || Download paper

  5. Does financial development volatility affect industrial growth volatility?. (2014). Miller, Stephen ; Huang, Ho-Chuan ; Fang, Wen Shwo .
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:29:y:2014:i:c:p:307-320.

    Full description at Econpapers || Download paper

  6. The effect of enterprise and household credit on economic growth: New evidence from European union countries. (2014). SASSI, Seifallah ; Gasmi, Amira.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:39:y:2014:i:pa:p:226-231.

    Full description at Econpapers || Download paper

  7. Is more finance better? Disentangling intermediation and size effects of financial systems. (2014). Degryse, Hans ; Beck, Thorsten ; Kneer, Christiane.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:10:y:2014:i:c:p:50-64.

    Full description at Econpapers || Download paper

  8. Credit constraints, equity market liberalization, and growth rate asymmetry. (2014). Popov, Alexander.
    In: Journal of Development Economics.
    RePEc:eee:deveco:v:107:y:2014:i:c:p:202-214.

    Full description at Econpapers || Download paper

  9. When Arm’s Length Is Too Far. Relationship Banking over the Business Cycle. (2014). Van Horen, Neeltje ; De Haas, Ralph ; Degryse, Hans ; Beck, Thorsten.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10050.

    Full description at Econpapers || Download paper

  10. Credit Constraints and Self-Fulfilling Business Cycles. (2014). Wang, Pengfei ; Liu, Zheng.
    In: American Economic Journal: Macroeconomics.
    RePEc:aea:aejmac:v:6:y:2014:i:1:p:32-69.

    Full description at Econpapers || Download paper

  11. The financial sector and economic growth in a panel of countries. (2013). Grundler, Klaus ; Weitzel, Jan .
    In: Discussion Paper Series.
    RePEc:zbw:wuewwb:123.

    Full description at Econpapers || Download paper

  12. Fiscal Policies and Credit Regimes: A TVAR Approach. (2013). Roventini, Andrea ; Fagiolo, Giorgio ; Ferraresi, Tommaso.
    In: Working Papers.
    RePEc:ver:wpaper:03/2013.

    Full description at Econpapers || Download paper

  13. Fiscal Policies and Credit Regimes: A TVAR Approach. (2013). Roventini, Andrea ; Fagiolo, Giorgio ; Ferraresi, Tommaso.
    In: LEM Papers Series.
    RePEc:ssa:lemwps:2013/03.

    Full description at Econpapers || Download paper

  14. Is informality a barrier to financial development?. (2013). Uras, Burak ; Elgin, Ceyhun.
    In: SERIEs: Journal of the Spanish Economic Association.
    RePEc:spr:series:v:4:y:2013:i:3:p:309-331.

    Full description at Econpapers || Download paper

  15. Productivity Growth and Volatility: How Important Are Wage and Price Rigidities?. (2013). Pelloni, Alessandra ; Annicchiarico, Barbara.
    In: Working Paper series.
    RePEc:rim:rimwps:02_13.

    Full description at Econpapers || Download paper

  16. Macro-Institutional Instability and the Incentive to Innovate. (2013). Masino, Serena.
    In: MPRA Paper.
    RePEc:pra:mprapa:45938.

    Full description at Econpapers || Download paper

  17. Macro-Institutional Instability and the Incentive to Innovate. (2013). Masino, Serena.
    In: MPRA Paper.
    RePEc:pra:mprapa:45178.

    Full description at Econpapers || Download paper

  18. Credit constraints, productivity shocks and consumption volatility in emerging economies.. (2013). Bhattacharya, Rudrani ; Patnaik, Ila.
    In: Working Papers.
    RePEc:npf:wpaper:13/121.

    Full description at Econpapers || Download paper

  19. Does Financial Development Volatility Affect Industrial Growth Volatility?. (2013). Miller, Stephen.
    In: Working Papers.
    RePEc:nlv:wpaper:1302.

    Full description at Econpapers || Download paper

  20. Volatility and Growth: Governments are Key. (2013). Jetter, Michael.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp7826.

    Full description at Econpapers || Download paper

  21. Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies. (2013). Patnaik, Ila ; Bhattacharya, Rudrani.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2013/120.

    Full description at Econpapers || Download paper

  22. Revisiting the Link Between Finance and Macroeconomic Volatility. (2013). Srivisal, Narapong ; Dabla-Norris, Era.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2013/029.

    Full description at Econpapers || Download paper

  23. Financial development and long-run volatility trends. (2013). Xu, Zhiwei ; Wen, Yi ; Wang, Pengfei.
    In: Working Papers.
    RePEc:fip:fedlwp:2013-003.

    Full description at Econpapers || Download paper

  24. Fiscal policies and credit regimes: a tvar approach. (2013). Roventini, Andrea ; Fagiolo, Giorgio ; Ferraresi, Tommaso.
    In: Documents de Travail de l'OFCE.
    RePEc:fce:doctra:1302.

    Full description at Econpapers || Download paper

  25. Internal financial constraints and firm productivity in China: Do liquidity and export behavior make a difference?. (2013). Guariglia, Alessandra ; Chen, Minjia.
    In: Journal of Comparative Economics.
    RePEc:eee:jcecon:v:41:y:2013:i:4:p:1123-1140.

    Full description at Econpapers || Download paper

  26. Does trust favor macroeconomic stability?. (2013). Sangnier, Marc.
    In: Journal of Comparative Economics.
    RePEc:eee:jcecon:v:41:y:2013:i:3:p:653-668.

    Full description at Econpapers || Download paper

  27. Business cycles, bank credit and crises. (2013). Hauck, Achim ; Dietrich, Diemo ; Bucher, Monika.
    In: Economics Letters.
    RePEc:eee:ecolet:v:120:y:2013:i:2:p:229-231.

    Full description at Econpapers || Download paper

  28. Cyclical macroeconomic policy, financial regulation and economic growth. (2013). Kharroubi, Enisse ; Aghion, Philippe.
    In: BIS Working Papers.
    RePEc:bis:biswps:434.

    Full description at Econpapers || Download paper

  29. Does Financial Development Volatility Affect Industrial Growth Volatility?. (2012). Miller, Stephen ; Huang, Ho-Chuan ; Fang, WenShwo.
    In: Working papers.
    RePEc:uct:uconnp:2012-45.

    Full description at Econpapers || Download paper

  30. Banking Market Structure, Liquidity Needs, and Industrial Growth Volatility. (2012). Miller, Stephen ; Huang, Ho-Chuan ; Fang, WenShwo.
    In: Working papers.
    RePEc:uct:uconnp:2012-26.

    Full description at Econpapers || Download paper

  31. Liquidity, Innovation and Growth. (2012). Shi, Shouyong ; Rojas-Breu, Mariana ; Berentsen, Aleksander.
    In: Working Papers.
    RePEc:tor:tecipa:tecipa-467.

    Full description at Econpapers || Download paper

  32. Collateral Requirements: Macroeconomic Fluctuations and Macro-Prudential Policy. (2012). Mendicino, Caterina.
    In: Working Papers.
    RePEc:ptu:wpaper:w201211.

    Full description at Econpapers || Download paper

  33. Macroeconomic instability and the incentive to innovate. (2012). Masino, Serena.
    In: MPRA Paper.
    RePEc:pra:mprapa:38830.

    Full description at Econpapers || Download paper

  34. Macroeconomic instability and the incentive to innovate. (2012). .
    In: MPRA Paper.
    RePEc:pra:mprapa:38766.

    Full description at Econpapers || Download paper

  35. Banking Market Structure, Liquidity Needs, and Industrial Growth Volatility. (2012). Miller, Stephen ; Huang, Ho-Chuan.
    In: Working Papers.
    RePEc:nlv:wpaper:1206.

    Full description at Econpapers || Download paper

  36. Inefficient Investment Waves. (2012). Kondor, Péter ; He, Zhiguo.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:18217.

    Full description at Econpapers || Download paper

  37. Banking industry volatility and growth. (2012). Huang, Ho-Chuan ; Lin, Pei-Chien.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:34:y:2012:i:4:p:1007-1019.

    Full description at Econpapers || Download paper

  38. How national and international financial development affect industrial R&D. (2012). Neumann, Rebecca ; Maskus, Keith ; Seidel, Tobias.
    In: European Economic Review.
    RePEc:eee:eecrev:v:56:y:2012:i:1:p:72-83.

    Full description at Econpapers || Download paper

  39. Is Informality a Barrier to Financial Development?. (2012). Uras, Burak ; Elgin, Ceyhun.
    In: Working Papers.
    RePEc:bou:wpaper:2012/12.

    Full description at Econpapers || Download paper

  40. Public Debt, Sovereign Default Risk and Shadow Economy. (2012). Uras, Burak ; Elgin, Ceyhun.
    In: Working Papers.
    RePEc:bou:wpaper:2012/10.

    Full description at Econpapers || Download paper

  41. Macroeconomic Adjustment under Loose Financing Conditions in the Construction Sector. (2012). Campa, Jose ; Arce, Oscar.
    In: Working Papers.
    RePEc:bbv:wpaper:1226.

    Full description at Econpapers || Download paper

  42. Productivity growth and volatility: How important are wage and price rigidities?. (2011). Pelloni, Alessandra ; Annicchiarico, Barbara ; Alessandra, Pelloni ; Barbara, Annicchiarico .
    In: wp.comunite.
    RePEc:ter:wpaper:0089.

    Full description at Econpapers || Download paper

  43. Productivity Growth and Volatility: How Important are Wage and Price Rigidities?. (2011). Pelloni, Alessandra ; Annicchiarico, Barbara.
    In: CEIS Research Paper.
    RePEc:rtv:ceisrp:211.

    Full description at Econpapers || Download paper

  44. On the link between volatility and growth. (2011). Wälde, Klaus ; Posch, Olaf ; Walde, Klaus.
    In: Journal of Economic Growth.
    RePEc:kap:jecgro:v:16:y:2011:i:4:p:285-308.

    Full description at Econpapers || Download paper

  45. Financial Constraints and Exports: An Analysis of Portuguese Firms During the European Monetary Integration. (2011). Silva, Filipe ; Carreira, Carlos.
    In: Notas Económicas.
    RePEc:gmf:journl:y:2011:i:34:p:35-56.

    Full description at Econpapers || Download paper

  46. R&D in boom and boost : evidence from the World Bank Financial Crisis Survey. (2011). Meriküll, Jaanika ; Mannasoo, Kadri ; Merikull, Jaanika.
    In: Bank of Estonia Working Papers.
    RePEc:eea:boewps:wp2011-07.

    Full description at Econpapers || Download paper

  47. Output growth and fluctuation: the role of financial openness. (2011). Popov, Alexander.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20111368.

    Full description at Econpapers || Download paper

  48. Endogenous Growth, Monetary Shocks and Nominal Rigidities. (2010). rossi, lorenza ; Pelloni, Alessandra ; Annicchiarico, Barbara.
    In: MPRA Paper.
    RePEc:pra:mprapa:25647.

    Full description at Econpapers || Download paper

  49. Endogenous Growth, Monetary Shocks and Nominal Rigidities. (2010). rossi, lorenza ; Pelloni, Alessandra ; Annicchiarico, Barbara.
    In: Quaderni di Dipartimento.
    RePEc:pav:wpaper:120.

    Full description at Econpapers || Download paper

  50. Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles. (2010). Roventini, Andrea ; Fagiolo, Giorgio ; Dosi, Giovanni.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:34:y:2010:i:9:p:1748-1767.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-20 17:55:07 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.