; capital account liberalization ; growth ; threshold conditions ; financial development ; institutions ; macroeconomic policies … for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …

for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …

Does international financial integration boost economic growth? The empirical literature has not yet established a … robust link between openness to the international capital market and economic growth. In this paper we turn to the economic … if capital market integration had a positive impact on economic growth in the first era of global finance. Using …

markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital …