Financial crises have become an all-too-common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies become more interlinked, weaknesses can significantly...

Este ensayo presenta una evaluacion econometrica del efecto en la tasa del crecimiento economico de la liberacion de la cuenta comercial y la cuenta de capital, la reforma fiscal y financiera y la privatizacion, partiendo de un modelo estadistico estimado con datos de 17 paises latinoamericanos...

We survey the literatures that study the relation between the trade regime and growth and financial development, financial repression, and growth. We analyze the relation between the trade regime, the degree of financial development and the growth performance of a large cross section of...