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Determinants of Financial Development and their Role Towards Financial Integration
This thesis is composed of six chapters with four main chapters that encompasses three broad topics – Islamic financial development and economic growth, determinants of financial development, and financial integration. The existing literature mainly focuses on their impact on economic growth or their role towards macroeconomic stability/instability. If financial sector is important, then why do countries have underdeveloped financial markets? In this thesis therefore, we explore a more fundamental question that, what ...
Institutions, Behavior and Evolution
The three articles constituting this thesis are for reasons of content or method related to the following three fields in economics: Behavioral Economics, Evolutionary Game Theory and Formal Institutional Economics. A core element of these fields is the concept of individual preferences. Preferences are of central importance for the conceptional framework to analyze human behavior. They form the foundation for the theory of rational choice which is defined by the determination of the choice set and the selection of ...