In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial … growth and welfare, and may lead to self-fulfilling crises. It also shows how crowding-out effects can be transmitted to …

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 …This paper examines the impact of international financial integration on macroeconomic volatility in a large group of …

This paper looks at the historical lessons that might serve to entrech Latin America's newly resurgent growth phase. It … accumulation and productivity growth in the faster growing economies. Among these, the paper highlights the importance of stable …

This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African … a general direct robust link between trade and capital account openness and financial development in SSA, once we … control for other factors such as GDP per capita and inflation. But there is some indication that trade openness is more …

The main objective of Regional Trade Agreements (RTAs) is to stimulate economic growth in participating countries … 2018, this paper examines the contribution of regional trade integration (RTI) to economic growth and income convergence in …-effects estimation show that RTI promotes economic growth in Africa. However, it fosters income divergence, reflecting the distribution …

, we use a Vector Error Correction Model (VECM) for each PIC to gauge the impact of global and regional growth spillovers …. The analysis reveals that the impact on PICs' growth from an adverse oil shock would be substantial, and in some cases … deterioration of the global outlook. PICs should continue to rebuild policy buffers and implement growth-oriented structural reforms …

assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate … exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment …