This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...

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 use a matching method that constructs synthetic counterfactual states to identify the channels that link bank deregulation to financial integration, and thereby to economic growth. We document a positive, but conditional, effect of financial integration on economic growth. We explore the...