Rincón, Hernán - BANCO DE LA REPÚBLICA - 2007
This paper evaluates the effects of financial globalization on growth and macroeconomic volatility, from 1984 to 2003 … Reserve Fund (FLAR): Bolivia, Colombia, Costa Rica, Ecuador, Peru, and Venezuela. The findings show that financial … globalization spurs growth, when the countries´ income level is controlled; it does not increase macroeconomic volatility, as it is …