Baltagi, Badi H.; Demetriades, Panicos O.; Law, Siong Hook - In: Journal of Development Economics 89 (2009) 2, pp. 285-296
This paper addresses the empirical question of whether trade and financial openness can help explain the recent pace in financial development, as well as its variation across countries in recent years. Utilising annual data from developing and industrialised countries and dynamic panel...
