Showing 1 - 10 of 46,047
The global financial crisis since 2008 revived the debate on whether or not and to what extent financial development contributes to economic growth. This paper reviews different theoretical schools of thought and empirical findings on this nexus, building on which we aim to develop a unified,...
Persistent link: https://www.econbiz.de/10012624795
Persistent link: https://www.econbiz.de/10011585859
We analyze the implications of financial openness to macroeconomic volatility in a small open economy. Major macroeconomic aggregates show non-monotonic volatility patterns with respect to the degree of financial openness in the model without domestic financial frictions. The introduction of...
Persistent link: https://www.econbiz.de/10003449265
Persistent link: https://www.econbiz.de/10011526840
Persistent link: https://www.econbiz.de/10011562427
Persistent link: https://www.econbiz.de/10013188335
Persistent link: https://www.econbiz.de/10012418824
Persistent link: https://www.econbiz.de/10011912881
Persistent link: https://www.econbiz.de/10012403910
Persistent link: https://www.econbiz.de/10014535121