In this paper, the authors analyze the relationship between banking concentration and financial stability for a sample of 173 developed and developing countries over the period 1980–2011. First, they empirically examined the direct effect of banking concentration on financial stability by...

We study empirically how the positive effects of capital account liberalization on economic growth can be magnified or reduced by Corruption control. We develop a model in which Corruption control and capital account liberalization promote growth, but acts as substitutes. We test this...