The Positive Link Between Financial Liberalization, Growth and Crises
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There is no agreement regarding the growth-enhancing effects of financial liberalization, mainly because it is associated with risky international bank flows, lending booms, and crises. In this paper we make the case for liberalization despite the occurrence of crises. We show that in developing
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美国国家经济研究局创建时间：
2004-02-01
