Liquidity Needs and Vulnerability to Financial Underdevelopment

Liquidity Needs and Vulnerability to Financial Underdevelopment

The author provides evidence of a causal and economically important effect of financial development on volatility. In contrast to the existing literature, the identification strategy is based on the differences in sensitivities to financial conditi...

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Bibliographic Details
Main Author: Raddatz, Claudio
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
LIQUIDITY (ECONOMICS)
FINANCIAL INSTRUMENTS
MACROECONOMIC POLICY
SECTORAL ASSESSMENT
FINANCIAL CRISES
AGGREGATE VARIABILITY
OUTPUTS
UNDERDEVELOPMENT
FINANCIAL INTERMEDIARIES
EQUITY MARKETS
BENCHMARK
DURABLE GOODS
ELASTICITY
ELASTICITY OF SUBSTITUTION
EMPIRICAL ANALYSIS
EXPENDITURES
FINANCIAL MARKETS
GDP PER CAPITA
GROWTH RATE
INTEREST RATE
INVENTORIES
LESS DEVELOPED COUNTRIES
LIQUIDITY
LOW LIQUIDITY
M2
MARKET CONDITIONS
MORAL HAZARD
REAL GDP
SALES
STOCKS
UNDERDEVELOPED COUNTRIES
VALUE ADDED
VALUE OF OUTPUT
VOLATILITY
VULNERABILITY
Online Access:http://documents.worldbank.org/curated/en/2003/11/2820051/liquidity-needs-vulnerability-financial-udnerdevelopment
http://hdl.handle.net/10986/17899

Internet

http://documents.worldbank.org/curated/en/2003/11/2820051/liquidity-needs-vulnerability-financial-udnerdevelopment
http://hdl.handle.net/10986/17899

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