We empirically re-examine the finance-economic growth nexus within the context of the COVID-19 pandemic using a financial intermediation model build upon the McKinnonShaw financial repression theory. The study findings show that there is a vicious circle of finance and economic growth which is...

Financial turmoil is becoming a fact of life in Latin America. The 1990s have been characterized by enormous volatility in the magnitude and cost of capital flows. The correlation of capital swings across disparate countries suggests that the quality of emerging market policies in addition to...