economic growth, in practice its effects are less clear-cut. This paper envisages a gradual and orderly sequencing of external …

This paper studies the correlation between output growth and lagged stock returns in a panel of emerging market …, the paper finds that the strength of the correlation between output growth and lagged stock returns is significantly …

The degree of an economy’s monetization, which has an important implication on economic growth, can be affected by …

growth has, on average, declined in the 1990s relative to the three preceding decades, we also document that, on average, the … volatility of consumption growth relative to that of income growth has increased for more financially integrated developing … economies in the 1990s. Second, increasing financial openness is associated with rising relative volatility of consumption, but …