Revisiting the Link Between Finance and Macroeconomic Volatility /
This paper examines the impact of financial depth on macroeconomic volatility using a dynamic panel analysis for 110 advanced and developing countries. We find that financial depth plays a significant role in dampening the volatility of output, consumption, and investment growth, but only up to a ce...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2013.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2013/029 |
| Online-ссылка: | Full text available on IMF |