Regional Economic Development and Financial Regulation: Renewal of Financial Development Concept

Regional economic development and financial regulation are two important topics that relate to the concept of financial development. Financial development refers to the process of improving the efficiency, stability, and inclusiveness of the financial system, which can support economic growth, reduce poverty, and enhance social welfare. Here are some web search results that explain more about regional economic development and financial regulation:

• Regional Financial Regulation in Asia: This article discusses the role of regional-level institutions of financial regulation in Asia, such as the ASEAN Economic Community, the Chiang Mai Initiative Multilateralization, and the Macroeconomic Research Office. It argues that these institutions can mediate between national regulators and global institutions, and enhance regional financial stability, integration, and cooperation.

• Financial inclusion and sustainable development: an empirical association: This article examines the link between financial inclusion and sustainable development using global data. It finds that higher levels of financial inclusion are associated with higher renewable energy production, higher industry productivity, higher adult literacy rate, and lower combustible renewables and waste. It also finds a causal relationship between global interest in internet information about financial inclusion and sustainable development.

• What Explains the Link between Finance and Development?: This article explores the mechanisms by which finance can affect development, such as facilitating saving and investment, allocating resources efficiently, diversifying risks, and promoting innovation and entrepreneurship. It also reviews the empirical evidence on the impact of finance on growth, inequality, and poverty reduction.

• Digital Inclusive Finance, Environmental Regulation, and Regional Economic Growth in China: This article investigates the effect of digital inclusive finance and environmental regulation on regional economic growth in China. It uses panel data from 31 provinces and regions from 2010 to 2019, and employs a spatial econometric model. It finds that digital inclusive finance and environmental regulation have positive effects on regional economic growth, and that there is a spatial spillover effect among regions.

• Financial Liberalization, Economic Development and Regulation: This article analyzes the experience of India in financial liberalization and regulation since the early 1990s. It describes the major reforms in the banking sector, the capital market, the foreign exchange market, and the government securities market. It also evaluates the impact of these reforms on financial development, economic growth, and financial stability.