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financial underdevelopment in Nineteenth-century Brazil / William Summerhill -- Part III Finance, growth and stability -- 9 …. Finance and the real economy: evidence from the U.S / Allen Berger and Raluca Roman -- 10. Financial development, growth, and …
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In the first era of financial globalization (1880-1914), global capital market integration led to substantial net capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization where gross capital mobility is equally high, but did...
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