Author : Romain G. Rancière
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.91/5 ( download)
Book Synopsis Decomposing the Effects of Financial Liberalization by : Romain G. Rancière
Download or read book Decomposing the Effects of Financial Liberalization written by Romain G. Rancière and published by . This book was released on 2010 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a new empirical decomposition of the effects of financial liberalization on economic growth and on the incidence of crises. Our empirical estimates show that the direct effect of financial liberalization on growth by far outweighs the indirect effect via a higher propensity to crisis. We also discuss several models of financial liberalization and growth whose predictions are consistent with our empirical findings.