Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - Institut zur Zukunft der Arbeit <Bonn> - 2009
for growth, especially for developing countries. The empirical literaturehas not been able to conclusively establish the … integrationmay be more important than the traditional financing channel emphasized in previousanalyses. A major complication, however … attain before it can derivethe indirect benefits and reduce the risks of financial openness. In this paper, we develop …