Bonfiglioli, Alessandra; Mendicino, Caterina - Dipartimento di Economia, Università degli Studi di Roma 3 - 2005
This paper studies the effects of financial liberalization and banking crises on growth. It shows that financial liberalizations spurns on average economic growth. Banking crises are harmful for growth, but to a lesser extent in countries with oper financial system and good institutions. The...