Title
Finance and Macroeconomic Volatility: Marketbased vs. Bankbased financial system,Used
Sold by Ergodebooks, an authorized reseller.
Returns accepted within 30 days | support@ergodebooks.com
Shipping Information
- Free Standard Shipping — United States only
- Processing Time: 1–3 business days
- Estimated Delivery: 3–5 business days after dispatch
- Double-boxed, fully insured & discreetly packaged
- Tracking number sent via email once dispatched
- Orders over $250 require signature upon delivery. Taxes calculated at checkout.
Returns & Refund
Returns accepted within 30 days of delivery.
Damaged or Defective Item
Free return shipping + replacement or full refund
Wrong Item Received
Free return shipping + replacement or full refund
Change of Mind
Return shipping at customer's expense · 25% restocking fee applies
Payment Option
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.
⚠️ 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.