Arbeitspapier
Decomposing the effects of financial liberalization: Crises vs. growth
We present a new empirical decomposition of the e.ects of financial liberalization on economic growth and on the incidence of crises. Our empirical estimates show that the direct e.ect of financial liberalization on growth by far outweighs the indirect e.ect via a higher propensity to crisis. We also discuss several models of financial liberalization and growth whose predictions are consistent with our empirical findings.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 74
- Classification
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Wirtschaft
International Lending and Debt Problems
Financial Aspects of Economic Integration
Economic Growth of Open Economies
One, Two, and Multisector Growth Models
- Event
-
Geistige Schöpfung
- (who)
-
Ranciere, Romain
Tornell, Aaron
Westermann, Frank
- Event
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Veröffentlichung
- (who)
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Osnabrück University, Institute of Empirical Economic Research
- (where)
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Osnabrück
- (when)
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2006
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ranciere, Romain
- Tornell, Aaron
- Westermann, Frank
- Osnabrück University, Institute of Empirical Economic Research
Time of origin
- 2006
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