This study investigates the effects of financial development on domestic investment in a sample of 30 sub-Saharan African countries. It is based on a dynamic serial-correlation investment model including various indicators of financial development, controlling for country-specific fixed effects...

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...

This report presents a detailed analysis of the Dominican Republic’s financial system and offers a series recommendations to develop the country’s capital markets. The country has recently made big advances in the development of its capital markets, achieving high solvency in the banking...