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art I: The benefits of free financial markets -- Does finance benefit only the rich? -- Shylock transformed -- The financial revolution and individual economic freedom -- The dark side of finance -- The bottom line on financial development -- Part II: When do financial markets emerge? -- The...
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, considering the moderating role of financial regulation. To do so, we compare the effects of these variables in Sub … SSA and LAC countries, and financial regulation contributes to increasing financial stability in LAC countries, while we … find no statistical significance in the effect of financial regulation on financial stability in SSA countries. Moreover …
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I analyze the effects of liquidity risk regulation in a model of investors, mutual funds, and the underlying asset …
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deregulation to financial integration, and thereby to economic growth. We document a positive, but conditional, effect of financial …
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