-varying relationship between openness and growth over time: countries tend to gain in the short-term, immediately following capital account …No empirical evidence has yet emerged for the existence of a robust positive relationship between financial openness … and economic growth. This paper argues that a key reason for the elusive evidence is the presence of a time …

I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel …. The main result of the paper holds in aggregated data. - Financial openness ; growth ; volatility; skewness ; development … of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative …

indicators. In a growth regression framework, we find that higher financial integration tends to be associated with an increase … in per capita real GDP growth in euro area countries. This correlation is found to be stronger the higher a country …'s growth opportunities. …

growth and output trend. Our main finding is that currency collapses are associated with a permanent output loss relative to … output. More generally, we also find that the likelihood of a positive growth rate in the year of the collapse is over two … times more likely than a contraction, and that positive growth rates in the years that follow such episodes are the norm …

growth and output trend. Our main finding is that currency collapses are associated with a permanent output loss relative to … output. More generally, we also find that the likelihood of a positive growth rate in the year of the collapse is over two … times more likely than a contraction, and that positive growth rates in the years that follow such episodes are the norm …