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The growth effects of international financial liberalization and integration are investigated using the methodology and … not experience higher growth in value added in countries with liberalized financial markets. Liberalization does, however …, increase the growth rates of both production and firm creation among externally dependent industries - given that countries …
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This paper seeks to empirically explore how an international financial integration influences a country's GDP growth … financial integration on growth. Among the measures of financial integration, growth of the CEE-10 countries is mostly driven in … the long run by FDI inflows as well as remittances and financial openness. On the contrary, the study suggests a reversal …
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in poorer developing countries, whereas in emerging market countries only capital account openness has an impact …
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In this paper, we present the root cause of the American financial crisis in 2007. We show that financial integration and capital flow volatility is the factor that creates a climate conducive to the emergence of the crisis in the USA and led to its spread to the rest of the world. On the...
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