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Decomposing the Effects of Financial Liberalization: Crises vs. Growth

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NBER2006-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12806
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We present a new empirical decomposition of the effects of financial liberalization on economic growth and on the incidence of crises. Our empirical estimates show that the direct effect of financial liberalization on growth by far outweighs the indirect effect via a higher propensity to crisis. We
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2006-12-01
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