; 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 …

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

integration on economic growth and also to assess whether this relationship depends on the level of economic development … to reject the null hypothesis that international financial integration does not accelerate economic growth even when …

integration on economic growth and also to assess whether this relationship depends on the level of economic development … to reject the null hypothesis that international financial integration does not accelerate economic growth even when …

whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find … that there is a positive correlation between current account balances and growth among nonindustrial countries, implying … that a reduced reliance on foreign capital is associated with higher growth. This result is weaker when we use panel data …