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Financial Globalization, Growth and Volatility in Developing Countries
Prasad, Eswar S. - 2012
This paper provides a comprehensive assessment of empirical evidence about the impact of financial globalization on …, we do find that financial globalization can be beneficial under the right circumstances. Empirically, good institutions … and quality of governance are crucial in helping developing countries derive the benefits of globalization. Similarly …
Persistent link: https://www.econbiz.de/10013106022
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Financial Development, Growth, and Crisis : Is There a Trade-Off?
Loayza, Norman - 2018
share of the world economy. Recognizing the intrinsic trade-offs of financial development can provide a useful framework to …
Persistent link: https://www.econbiz.de/10012922229
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Openness Can Be Good for Growth : The Role of Policy Complementarities
Chang, Roberto; Kaltani, Linda; Loayza, Norman - 2021
This paper studies how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10013212607
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Does Openness to International Financial Flows Raise Productivity Growth?
Kose, M. Ayhan - 2010
Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...
Persistent link: https://www.econbiz.de/10012758028