Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - Institut zur Zukunft der Arbeit <Bonn> - 2009
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 … thresholds in variables such as financial depth and institutional quality− the cost-benefit trade-off from financial openness …