The paper explores the influences of financial development on economic growth and its volatility. First, it discusses the theoretical literature that attempts to explain these relationships. Then, it presents time series evidence for the cases of Mexico and the US. We use GARCH models, which...

Hundreds of thousand of Mexicans leave their country each year for the United States. Almost half these migrants return to Mexico within twelve months. Using a sample of working-aged males from (MxFLS) we find that being a return migrant affects the probability of employment. In states along the...