Evidence indicates that the most successful economies in the world tend to be those that have developed sophisticated financial systems that contributed to their sustenance, growth and development.The important role of financial systems in shaping the global economy is analyzed from the...

This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook and its probability distribution. Using this approach, we evaluate risks to GDP growth in the Dominican Republic using quarterly data for 1996-2018. We group macrofinancial...