Financial development and the instability of open economies
This paper introduces a framework for analyzing the role of financial factors as a source of
instability in small open economies. Our basic model is a dynamic open economy model …
instability in small open economies. Our basic model is a dynamic open economy model …
Capital markets and the instability of open economies
This paper introduces a framework for analyzing the role of financial factors as a source of
instability in small open economies. Our basic model is a dynamic open economy model …
instability in small open economies. Our basic model is a dynamic open economy model …
Financial openness and growth: Short‐run gain, long‐run pain?
M Bussiere, M Fratzscher - Review of International Economics, 2008 - Wiley Online Library
No empirical evidence has yet emerged for the existence of a robust positive relationship
between financial openness and economic growth. This paper argues that a key reason for …
between financial openness and economic growth. This paper argues that a key reason for …
Financial liberalization: the experience of developing countries
P Arestis, P Demetriades - Eastern Economic Journal, 1999 - JSTOR
Theoretical models predict that financial liberalization can promote econo velopment, by
increasing saving, investment, and the productivity of capita ever, much of the evidence from …
increasing saving, investment, and the productivity of capita ever, much of the evidence from …
The influence of capital controls on long run growth: Where and how much?
A Chanda - Journal of Development Economics, 2005 - Elsevier
The financial crisis in East Asia generated a revival of interest in the merits of financial
openness. The ensuing debate on the benefits of openness has focused more on short and …
openness. The ensuing debate on the benefits of openness has focused more on short and …
Capital market imperfections, international credit markets, and nonconvergence
JH Boyd, BD Smith - Journal of Economic theory, 1997 - Elsevier
We consider a two country growth model with international capital markets. These markets
fund capital investment in both countries, and operate subject to a costly state verification …
fund capital investment in both countries, and operate subject to a costly state verification …
Financial stability and economic performance
This paper aims at establishing the link between economic performance and financial
stability in the European Union. We use the seminal framework of Beck and Levine (2004) …
stability in the European Union. We use the seminal framework of Beck and Levine (2004) …
Financial opening and development: evidence and policy controversies
J Aizenman - American Economic Review, 2004 - pubs.aeaweb.org
This paper outlines possible channels linking commercial and financial openness. This
inquiry is motivated by a salient feature of the global economy in recent decades: the …
inquiry is motivated by a salient feature of the global economy in recent decades: the …
Sudden floods, macroprudential regulation and stability in an open economy
PR Agénor, K Alper, LAP da Silva - Journal of International Money and …, 2014 - Elsevier
A dynamic stochastic model of a small open economy with a two-level banking
intermediation structure, a risk-sensitive regulatory capital regime, and imperfect capital …
intermediation structure, a risk-sensitive regulatory capital regime, and imperfect capital …
Financial openness and growth: short-run gain, long-run pain?
M Fratzscher, M Bussiere - Long-Run Pain, 2004 - papers.ssrn.com
No empirical evidence has yet emerged for the existence of a robust positive relationship
between financial openness and economic growth. This paper argues that a key reason for …
between financial openness and economic growth. This paper argues that a key reason for …