Faithin Omaha eBook Collection

This paper contributes to the literature by looking at the possible relevance of the structure of the financial system—whether financial intermediation is per

This paper examines the impact of financial depth on macroeconomic volatility using a dynamic panel analysis for 110 advanced and developing countries. We find

Panel data for 63 countries in 1960-97 reveal no robust relationship between the development of financial intermediaries and the volatility of growth.

The deregulation of domestic financial markets and the capital account in developing countries has frequently been associated with financial turmoil and macro v

External exposure can be measured by the sensitivity of first and second moments of economic growth to openness and foreign shocks. This paper provides an empir