This paper attempts a re-examination of the relationship between the output volatility and economic growth using an … proxy of macroeconomic volatility has negative effect on economic growth. The results appear to be stronger when we include … between economic growth and volatility for the developing countries. The financial development indicator indicates significant …

According to theory, financial openness (FO) increases growth. The literature often conditions the growth effect of FO … on favorable collateral environment. However, this can conceal the actual growth benefits of FO. This paper contributes … to the literature by investigating the unconditional growth effect of FO, measured as de facto international financial …

openness is output volatility. In this paper, using data from 21 advanced and 81 developing countries during 1971-2010, we … empirically examine the impact of capital market openness on output volatility. We find that opening of capital markets increases … openness increases volatility is currency and external-debt crisis. Finally we find that, while Asian countries are less likely …

with more developed financial systems have lower business cycle volatility. Financial openness has no strong impact on …During the last two decades, the degree of openness of national financial systems has increased substantially. At the … frictions for business cycle volatility. In our empirical analysis, we demonstrate that stylised facts suggest that countries …

This study investigates the influences of trade and financial openness on financial development over the period 2003 … uncertainty. The results demonstrate that the contribution of trade openness to financial development is important in developing … economies with better institutions. However, financial openness has an insignificant positive effect on financial development …

that FDI inflows are able to contribute to higher growth and employment in poor countries? I argue yes. Behavior of FDI … therefore FDI can contribute to higher growth and employment in poor countries but only under certain circumstances, “Roll out … favorable effect on economic growth of low income countries if interacted with monetary and nonmonetary variables …

This study focuses on the role of financial development in the economic growth of Central, Eastern and South … foreign investors and the global financial crisis. We investigate whether economic growth in CESEE countries has benefited … control for banks' financial strength. Our results challenge the idea that bank credit fosters economic growth and that …

This paper analyzes the effect of undervaluation on economic growth in the presence of borrowing constraints. Based on … a two-sector, small open-economy model, we show that undervaluation can promote economic growth by partly correcting … at the 25th percentile of our sample, a 50% undervaluation can boost the economic growth rate by 0.3 percentage points …

-based indicators. In a growth regression framework, we find that higher financial integration can be associated with an increase in per … capita real GDP growth in euro area countries. In times of high financial stress, however, such a positive correlation … between financial integration and growth seems to break down …