Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the …

across countries with lower average stock market volatility, crises are more frequent in countries with poor creditor …

Data show that better creditor protection is correlated across countries with lower average stock market volatility …

probability of macroeconomic catastrophes à la Barro (2006), and to the case of an uncertain trend or volatility of growth à la …Because of the uncertainty about how to model the growth process of our economy, there is still much confusion about … assuming that the random walk of economic growth is affected by some parametric uncertainty. We show that the same arguments …

and short-term planning horizon can also lead to such underinvestment. Subsequently, banks can stimulate growth …

-run demand shocks. In this setup, the volatility of a firm's exports depends not only on the diversification of its destination … doubt on the commonly held belief that diversification must decrease volatility … destinations makes the firm more likely to export occasionally to some markets, thereby raising volatility. These results cast …

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … financial development does not have a linear positive long-run impact on economic growth in this sample. When we consider a non …-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …