A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional en

A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional en

Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth. The volatility th

This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one

Little empirical investigation exists of the links among capital account liberalization, prudential regulation and supervision, financial crises, and economic d