Acemoglu, D., and F. Zilibotti, 1997. Was Prometheus unbound by chance? Risk, diversiïcation, and growth. Journal of Political Economy 105, 709-751.
Acemoglu, D., Johnson, S., Robinson, J., and Y. Thaicharoen, 2003. Institutional causes, macroeconomic symptoms: volatility, crises and growth. Journal of Monetary Economics 50, 49-123.
- Aghion, P., and G. Saint Paul, 1998. Virtues of bad times: Interaction between productivity growth and economic ïuctuations. Macroeconomic Dynamics 2, 322â344.
Paper not yet in RePEc: Add citation now
Aghion, P., Angeletos, M., Banerjee, A., and K. Manova, 2010. Volatility and growth: Credit constraints and the composition of investment. Journal of Monetary Economics 57, 246-265.
Barlevy, G., 2003. Credit market frictions and the allocation of resources over the business cycle. Journal of Monetary Economics 50, 1795-1818.
Barlevy, G., 2007. On the cyclicality of research and development. American Economic Review 97, 1131-1164.
Barro, R. 1991. Economic growth in a cross section of countries. Quarterly Journal of Economics 106, 407-443.
Barro, R., 2006. Rare disasters and asset markets in the twentieth century. Quarterly Journal of Economics 121, 823â866.
Barro, R., 2009. Rare disasters, asset prices, and welfare costs. American Economic Review 99, 243-264.
- Beck, T., DemirgÃÃ-Kunt, A., and R. Levine, 2010. Financial institutions and markets across countries and over time: The updated ïnancial development and structure database. World Bank Economic Review 24, 77-92.
Paper not yet in RePEc: Add citation now
Beck, T., Levine, R., and N. Loayza, 2000. Financial intermediation and growth: Causality and causes. Journal of Monetary Economics 46, 31-77. ECB Working Paper Series No 1368 August 2011
Bekaert, G., and C. Harvey, 2000. Foreign speculation and emerging equity markets. Journal of Finance 55, 565-613.
Bekaert, G., Harvey, C., and C. Lundblad, 2002. Growth volatility and equity market liberalization. Unpublished working paper, Duke University.
Bekaert, G., Harvey, C., and C. Lundblad, 2005. Does ïnancial liberalization spur growth? Journal of Financial Economics 77, 3-55.
Bekaert, G., Harvey, C., and C. Lundblad, 2006. Growth volatility and ïnancial liberalization. Journal of International Money and Finance 25, 370-403.
Bekaert, G., Harvey, C., and C. Lundblad, 2011. Financial openness and productivity. World Development 39, 1-19.
Bekaert, G., Harvey, C., Lundblad, C., and S. Siegel, 2007. Global growth opportunities and market integration. Journal of Finance 62, 1081-1137.
Bonïglioli, A., 2008. Financial integration, productivity, and capital accumulation. Journal of International Economics 76, 337-355.
Caballero, R., and A. Krishnamurty, 2001. International and domestic collateral constraints in a model of emerging market crises. Journal of Monetary Economics 48, 513â548.
- Caballero, R., and M. Hammour, 1994. The cleansing eïect of recessions. American Economic Review 84, 1350â1368.
Paper not yet in RePEc: Add citation now
Di Giovanni, J., and A. Levchenko, 2009. Trade openness and volatility. The Review of Economics and Statistics 91, 558-585. ECB Working Paper Series No 1368 August 2011
Edwards, S., 2001. Capital mobility and economic performance: Are emerging economies different ? In: Siebert, H. (Ed.), The Worldâs New Financial Landscape: Challenges for Economic Policy, pp. 219-244. Springer, Berlin.
Edwards, S., Biscarri, J., and F. Perez de Gracia, 2003. Stock market cycles, ïnancial liberalization and volatility. Journal of International Money and Finance 22, 925-955.
Eichengreen, B., and D. Leblang, 2003. Capital account liberalization and growth: Was Mr. Mahathir right? International Journal of Finance and Economics 8, 205-224.
Epstein, L., and S. Zin, 1989. Substitution, risk aversion, and the temporal behavior of consumption and asset returns: A theoretical framework. Econometrica 57, 937â969.
Fisman, R., and I. Love, 2007. Financial dependence and growth revisited. Journal of the European Economic Association 5, 470-479.
Gabaix, X., 2008. Variable rare disasters: A tractable theory of ten puzzles in macro-ïnance. American Economic Review: Papers & Proceedings 98, 64-67.
Glick, R., Guo, X., and M. Hutchinson, 2006. Currency crises, capital account liberalization, and selection bias. The Review of Economics and Statistics 88, 698-714.
Gourio, F., 2008. Disasters and recoveries. American Economic Review: Papers & Proceedings 98, 68-73.
Gupta, N., and K. Yuan, 2009. On the growth eïect of stock market liberalizations. Review of Financial Studies 22, 4715-4752. ECB Working Paper Series No 1368 August 2011
Hall, R., and C. Jones, 1999. Why do some countries produce so much more output per worker than others? Quarterly Journal of Economics 114, 83-116.
Henry, P., 2000. Do stock market liberalizations cause investment booms? Journal of Financial Economics 58, 301-334.
Henry, P., 2007. Capital account liberalization: Theory, evidence, and speculation. Journal of Economic Literature 45, 887-935.
- Heston, A., Summers, R., and B. Aten, 2002. Penn World Table Version 6.1. Center for International Comparisons at the University of Pennsylvania (CICUP).
Paper not yet in RePEc: Add citation now
Imbs, J., 2007. Growth and volatility. Journal of Monetary Economics 54, 1848-1862.
Kaminsky, G., and S. Schmukler, 2008. Short-run pain, long-run gain: The eïects of ïnancial liberalization. Review of Finance 12, 253-292.
- Kendall, M., and A. Stuart, 1977. The advanced theory of statistics. New York, Macmillan.
Paper not yet in RePEc: Add citation now
- Kose, A., Prasad, E., Rogoï, K., and S.-J. Wei, 2003. Eïects of ïnancial globalization on developing countries: Some empirical evidence. International Monetary Fund Occasional Paper 220.
Paper not yet in RePEc: Add citation now
- Kose, A., Prasad, E., Rogoï, K., and S.-J. Wei, 2006. Financial globalization, a reappraisal. IMF Working Paper 06/189.
Paper not yet in RePEc: Add citation now
- La Porta, R., Lopez-de-Silanes, F., Shleifer, A., and R. Vishny, 1998. Law and ïnance. Journal of Political Economy 106, 1113-1155.
Paper not yet in RePEc: Add citation now
Lane, P., and G. M. Milesi-Ferretti, 2007. The external wealth of nations mark II: Revised and extended estimates of foreign assets and liabilities, 1970-2004. Journal of International Economics 73, 223-250. ECB Working Paper Series No 1368 August 2011
Levchenko, A., Ranciere, R., and M. Thoenig, 2009. Growth and risk at the industry level: The real eïects of ïnancial liberalization. Journal of Development Economics 89, 210-222.
Love, I., 2003. Financial development and ïnancial constraints: International evidence from the structural investment model. Review of Financial Studies 16, 765-791.
- Lucas, R., 1987. Models of Business Cycles. New York: Basil Blackwell.
Paper not yet in RePEc: Add citation now
Lundberg, M., and L. Squire, 2003. The simultaneous evolution of growth and inequality. Economic Journal 113, 326â344.
Mobarak, M., 2005. Democracy, volatility, and economic development. The Review of Economics and Statistics 87, 348-361.
Mortensen, D., and C. Pissarides, 1994. Job creation and job destruction in the theory of unemployment. Review of Economic Studies 61, 397â415.
Persson, T., 2001. Currency unions and trade: How large is the treatment eïect? Economic Policy 16, 435-448.
Psacharopulos, G., 1994. Returns to investment in education: A global update. World Development 22, 1325-1343.
Quinn, D., and M. Toyoda, 2008. Does capital account liberalization lead to growth? Review of Financial Studies 21, 1403-1449.
Raddatz, C., 2006. Liquidity needs and vulnerability to ïnancial underdevelopment. Journal of Financial Economics 80, 677-722.
Rajan, R., and L. Zingales, 1998. Financial dependence and growth. American Economic Review 88, 559-586.
Ramey, G., and V. Ramey, 1995. Cross-country evidence on the link between volatility and growth. American Economic Review 85, 1138-1151. ECB Working Paper Series No 1368 August 2011
RanciÃre, R., Tornell, A., and F. Westermann, 2008. Systemic crises and growth. Quarterly Journal of Economics 123, 359-406.
- Rodrik, D., 1998a. Who needs capital account convertibility? In: P. Kennon (Ed.), Princeton Essays in International Finance, No. 207.
Paper not yet in RePEc: Add citation now
Rodrik, D., 1998b. Why do more open economies have bigger governments? Journal of Political Economy 106, 997-1032.
Rodrik, D., and R. Wacziarg, 2005. Do democratic transitions produce bad economic outcomes? American Economic Review 95, 50â55.
- Rosenbaum, P., and D. Rubin, 1983. The central role of the propensity score in observational studies for causal eïects. Biometrika 70, 41-55.
Paper not yet in RePEc: Add citation now
Rothenberg, A., and F. Warnock, 2011. Sudden ïight and true sudden stops. NBER Working Paper No. 12726.
Stiglitz, J., 2000. Capital market liberalization, economic growth and instability. World Development 28, 1075-1086.
Weil, P., 1990. Nonexpected utility in macroeconomics. Quarterly Journal of Economics 105, 29â42. ECB Working Paper Series No 1368 August 2011