Li, Nan; Papageorgiou, Chris; Xu, Tong; Zha, Tao - 2021
Using a novel database of domestic financial reforms in 90 countries from 1973 to 2014, we document that global … financial liberalization followed an S-curve path: reforms were slow and gradual in early periods, accelerated during the 1990s … about the growth effects of financial reforms by learning from their own and other countries' experiences. Positive growth …