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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 …
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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...
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In July, the IMF, the European Commission, and the Asian Development Bank updated their previous world economic …
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The paper describes tests of hypotheses from economic history and theory concerning the significance of financial development as a possible determinant of economic growth. The empirical analysis is based on a large panel data set covering 93 countries from 1970-90. It goes beyond existing...
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