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Financial Instability and Economic Growth by Cristina Alina Benchea is a document available to read on EtoBox.

What is Financial Instability and Economic Growth about?

This document discusses the costs of financial instability in developing countries and examines different policy responses. It finds: 1) Financial crises in developing countries can reduce annual GDP growth by 2.2 percentage points, significantly lowering living standards over time. 2) The costs of financial instability are greatest for middle-income developing and emerging market countries that have more developed financial systems. 3) Completely suppressing domestic financial markets and transactions

Author

Cristina Alina Benchea

Language

EN