Democracy and Banking Stability: Is the Relationship U-Shaped?

Autor: Mohamed Sami Ben Ali, Sami Ben Mim
Rok vydání: 2022
Předmět:
DOI: 10.57945/manara.21597732.v1
Popis: This study addresses the impact of democracy on the stability of the banking system for a sample of 114 countries over the period 2000–2017. Our findings offer strong evidence for a U-shaped relationship between democracy and banking stability. Results also show that the way democratic institutions impact banking stability is highly dependent on their ability to implement effective anti-corruption policies. Controlling for countries’ income levels reveals that not all high-income countries are necessarily enjoying the positive effects of democracy on banking stability. Other Information Published in: Journal of the Knowledge Economy License: https://creativecommons.org/licenses/by/4.0See article on publisher's website: http://dx.doi.org/10.1007/s13132-022-01063-1
Databáze: OpenAIRE