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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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/11/2820051/liquidity-needs-vulnerability-financial-udnerdevelopment http://hdl.handle.net/10986/17899 |