Title
Finance and Macroeconomic Volatility: Marketbased vs. Bankbased financial system,Used
Delivery time: 8-12 business days (International)
The role of financial development in economic growth and stability has, for many years, been the subject of intense discussion and debate. The mainstream view is that financial development exerts a large positive impact on economic growth. Recent research also finds that both capital markets and banks independently spur growth, and that capital markets provide different financial services from banks. In contrast, theoretical and empirical work on the relationship between financial development and macroeconomic volatility has been relatively scare. Even fewer works have explored the effects of capital markets on volatility. This book investigates these important issues. The overall finding is that countries with more advanced capital markets are characterised by lower output, investment and consumption volatility, less severe business cycle output contractions, lower probability of facing economic downturns and that they spend a smaller proportion of time in recession. This book should be especially useful to a policy maker, an economic professional, or anyone who participates in capital markets.
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⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
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Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Secure Payment
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.