Finance and macroeconomic volatility [electronic resource] / Cevdet Denizer, Murat F. Iyigun, Ann L. Owen.

Countries with more developed financial sectors experience fewer fluctuations in real per capita output, consumption, and investment growth. But it matters how the financial sector develops: the proportion of credit provided to the private sector is important in explaining volatility.

Bibliographic Details

Online Access:	Full Text (via Open Knowledge Repository)
Main Author:	Denizer, Cevdet
Other Authors:	Iyigun, Murat, Owen, Ann L.
Format:	Electronic eBook
Language:	English
Published:	Washington, DC : World Bank, 2000.
Series:	Policy research working papers ; 2487.
Subjects:	Economic development > Mathematical models. Banks and banking. Financial institutions. Business cycles > Econometric models. Finance, Public.