Does Financial Liberalization Spur Growth

By Erik Skaden. 2006

1,738 citations recorded by the source corpus.

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/433c752f076b1fdbdd04a34d1b3f84f18d4c1cd1

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Citations in the corpus

Growth and Structural Reforms: A New Assessment (2009, positive): “Using de jure measures, Bekaert et al. (2005) and Henry (2005) find that stock market liberalizations are positively correlated with economic growth and investment.”
What Matters for Financial Development? Capital Controls, Institutions, and Interactions (2005, positive): “Stulz (1999) shows that financial globalization reduces the cost of equity capital because of the reduction in the expected returns to compensate risk as well as in agency costs (also, Henry, 2000; Bekaert et al., 2000, 2001).”
The FDI location decision: does liberalization matter? (2007, positive): “…associated with the entry and growth of profitable businesses, and the improved provision of goods and services both to final customers and to other businesses in the host economy (Demirgüç-Kunt and Maksimovic, 1998; Rajan and Zingales, 1998; Beck et al., 2000; Wurgler, 2000; Bekaert et al., 2005).”
Why Are U.S. Stocks More Volatile (2012, positive): “Global Growth Opportunities As described in Bekaert et al. (2007). Domestic Market Index Volatility Annualized standard deviation of weekly major market index returns as reported by Datastream.”
Assessing Measures of Financial Openness and Integration (2011, neutral): “Authors interested specifically in equity liberalizations will want to also examine EQUITY in addition to the equity-subcategory of KA.”
Financial Regulation, Financial Globalization and the Synchronization of Economic Activity (2009, positive): “Working in an international context, Bekaert, Harvey, and Lundblad (2005) argue that if a country that liberalizes its equity markets has better growth opportunities than others (because for example its production is concentrated in high global demand sectors or because capital scarcity is…”
Financial Development and the Cash Flow Sensitivity of Cash (2006, positive): “Related evidence on the influence of financial markets on economic growth include Bekaert, Harvey, and Lundblad (2001a), (2001b) who study the impact of financial market liberalization on economic growth.”
Foreign Banks in Poor Countries: Theory and Evidence (2008, positive): “Indeed, estimates by Bekaert et al. (2005) indicate that financial liberalization, identified as the opening up the stock market to foreign investors, can increase the growth rate by as much as 1 percent per year.”
Thresholds in the Process of International Financial Integration (2009, positive): “Bekaert et al. (2005) and Hammel (2006) fi nd higher”