instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements … associated with more timely use of macroprudential policy instruments. Policymakers may also tend to use macroprudential … instruments more quickly if the ability to conduct monetary policy is somehow constrained. This finding points to the importance …

fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical … evidence on the relationship between financial development and economic growth for a large cross-section sample of countries …. While the results indicate that the effect of financial development on growth is positive, the size of the effect varies …

This paper elaborates on a number of key principles that need to underpin a coherent and development …

declines. Monetary policy, financial development, per capita GDP, and the de jure exchange rate classification matter less …

behavior of the strong toward the weak, in preconditions for economic development. …

effect, and promote financial development. These findings hold even after factoring in the reverse causality between … remittances, poverty and financial development. The paper posits that formalizing such flows can serve as an effective access …

levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions …

India has followed an idiosyncratic pattern of development, certainly compared with other fast-growing Asian economies …