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Article
Capital Account Liberalization and Economic Performance: Survey and Synthesis
This paper surveys the literature on the effects of capital account openness and stock market liberalization on economic growth and provides a synthesis in which we reconcile some of the different results pres...
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An empirical analysis of policy co-ordination in the United States, Japan and Europe
Co-ordination of macroeconomic policy has been a major topic at recent summit meetings, and has been the subject of a number of theoretical studies. However, relatively little empirical research exists on policy ...