Van Campenhout, Bjorn; Cassimon, Danny - In: Journal of International Financial Markets, … 22 (2012) 2, pp. 329-342
Recent research underscores the dual role played by institutions for deciphering the financial globalization – growth nexus. On the one hand, for capital account liberalization to be growth enhancing, a critical level of local institutional quality is needed. On the other hand, increased...