Does domestic public debt affect financial development? New evidence from central and eastern european economies

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dc.authorid0000-0002-7201-2057en_US
dc.contributor.authorSağdıç, Ersin Nail
dc.contributor.authorYıldız, Fazlı
dc.contributor.authorGüney, Taner
dc.date.accessioned2022-01-11T12:47:57Z
dc.date.available2022-01-11T12:47:57Z
dc.date.issued2021en_US
dc.departmentKMÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.description.abstractAfter the 1990s, economic, social, and political changes in transition economies have attracted attention through liberalization and EU integration. In this sense, the effects of liberalization policies and the effects of the economic activities of the state on the economy have been the subject of discussion. The aim of this paper was to investigate the effects of domestic public debt on financial development in Central and Eastern European countries using panel autoregressive distributed lag (ARDL) method for the period of 1994 to 2017. This study fulfills a gap in the existing literature for Central and Eastern European countries on “safe assets” and the “lazy banks” views. The findings of the study provide evidence that public domestic debt harms financial markets in both the short and long run for these countries. The results strongly support the “lazy banks” view in these countries. The results of this research also reveal that the economic activities of the state through public domestic debt prevent the development and deepening of financial markets.en_US
dc.identifier.citationSağdiç, E. N., Yildiz, F., & Güney, T. (2021). Does domestic public debt affect financial development? new evidence from central and eastern european economies. Economic Computation and Economic Cybernetics Studies and Research, 55(4), 149-164. doi:10.24818/18423264/55.4.21.10en_US
dc.identifier.doi10.24818/18423264/55.4.21.10
dc.identifier.endpage164en_US
dc.identifier.issn0424-267X
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85121990490
dc.identifier.scopusqualityQ3
dc.identifier.startpage149en_US
dc.identifier.urihttps://doi.org/10.24818/18423264/55.4.21.10
dc.identifier.urihttps://hdl.handle.net/11492/5886
dc.identifier.volume55en_US
dc.identifier.wosWOS:000754322500010
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Sceince
dc.indekslendigikaynakScopus
dc.institutionauthorGüney, Taner
dc.language.isoen
dc.publisherBucharest University of Economic Studiesen_US
dc.relation.journalEconomic Computation and Economic Cybernetics Studies and Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCrowding-Out Effecten_US
dc.subjectDomestic Public Debten_US
dc.subjectFinancial Developmenten_US
dc.subjectLazy Banksen_US
dc.subjectSafe Assetsen_US
dc.titleDoes domestic public debt affect financial development? New evidence from central and eastern european economiesen_US
dc.typeArticle

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