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英文文献：Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa-非洲金融发展、金融不稳定、金融自由化和经济增长之间的联系
英文文献作者：Enowbi Batuo,Simplice Asongu
英文文献摘要：
In the aftermath of the 2008 global financial crisis, the implications of financial liberalisation for stability and economic growth has come under increased scrutiny. One strand of literature posits a positive relationship between financial liberalisation and economic growth and development. However, others emphasise the link between financial liberalisation is intrinsically associated with financial instability which may be harmful to economic growth and development. This study assesses linkages between financial instability, financial liberalisation, financial development and economic growth in 41 African countries for the period 1985-2010. The results suggest that financial development and financial liberalisation have positive effects on financial instability. The findings also reveal that economic growth reduces financial instability and the magnitude of reduction is higher in the pre-liberalisation period compared to post-liberalisation period.
在2008年全球金融危机之后，金融自由化对稳定和经济增长的影响受到了越来越多的关注。有一种文献认为，金融自由化与经济增长和发展之间存在积极的关系。然而，其他人强调金融自由化与金融不稳定之间的内在联系，而金融不稳定可能对经济增长和发展有害。本研究评估了1985-2010年期间41个非洲国家的金融不稳定、金融自由化、金融发展和经济增长之间的联系。结果表明，金融发展和金融自由化对金融不稳定有积极影响。研究结果还显示，经济增长降低了金融不稳定性，而且自由化前的降低幅度比自由化后的要大。
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