Lin, Pei-Chien; Huang, Ho-Chuan - In: Journal of Macroeconomics 34 (2012) 4, pp. 1007-1019
In this paper, we provide evidence that banking industry volatility may exert a negative impact on growth in a more economically integrated world. By applying the augmented difference-in-difference framework of Rajan and Zingales (1998) to the cross-country cross-industry data developed by...