Financial Integration, Growth and Macroeconomic Volatility: Evidence and Interpretations

Authors

  • Massimiliano La Marca

Abstract

Has the increased access to capital increased investment? Is increased financial globalization associated with economic growth and macroeconomic stability? This paper reviews the theoretical benefits of financial integration, the “consensus” evidence of its failure to deliver the expected growth and stability, and some alternative interpretations on what is missing to obtain the benefits and avoid the risks.

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Published

2004-10-01

How to Cite

La Marca, M. (2004). Financial Integration, Growth and Macroeconomic Volatility: Evidence and Interpretations. The New School Economic Review, 1(1). Retrieved from https://nsereview.org/index.php/NSER/article/view/7

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