تلخیص
This study explores the impact of financial deepening on financial crises in United State of America
and Pakistan. The study uses the annual data on financial crisis and financial deepening ranging
from 1997 to 2016 in order to encapsulate financial crisis in emerging and developed economies.
Study applies Patel and Sarkar (1998) approach to identify and assess accurate form of financial
crises. The findings suggest a positive relationship between financial deepening and financial crises
in the case of USA, however, no such relationship could be established in case of Pakistan.
Muhammad Shoaib Abdullah, Syed Zulfiqar Ali Shah. (2019) Does financial deepening matter in financial crisis? An empirical investigation of developed and emerging economies, Abasyn Journal of Social Sciences, Volume-12, Issue-2.
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