Series: IMF Working Papers
Author(s): Era Dabla-Norris , and Narapong Srivisal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 January 2013
Keywords: Financial Depth, Macroeconomic Volatility, private consumption, external shocks, trade openness, growth rate, terms of trade, Financial Markets and the Macroeconomy, Macroeconomic Analyses of Economic Development,
This paper examines the impact of financial depth on macroeconomic volatility using a dynamic panel analysis for 110 advanced and developing countries. We find that financial depth plays a significant role in dampe...