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Sloek, Torsten.

International Financial Integration and Economic Growth Torsten Sloek. [electronic resource] / Torsten Sloek. - Washington, D.C. : International Monetary Fund, 2002. - 1 online resource (30 p.) - IMF Working Papers; Working Paper ; No. 02/145 . - IMF Working Papers; Working Paper ; No. 02/145 .

This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government corruption, and macroeconomic policies. Using a wide array of measures of international financial integration on 57 countries and an assortment of statistical methodologies, we are unable to reject the hypothesis that international financial integration does not accelerate economic growth even when controlling for particular economic, financial, institutional, and policy characteristics.

ISBN: 1451856555 : 15.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451856552.001 doi

Subjects--Topical Terms:
Capital Flows
Capital Inflows
Developing Countries
Financial Integration
International Financial Integration
International Financial

Subjects--Geographic Terms:
Botswana
Dominican Republic
Finland
Italy
Sri Lanka