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Desarrollo financiero, crecimiento y volatilidad: una breve revisión de la literatura reciente

Author

Listed:
  • Rodolfo Cermeño

    (CIDE)

  • María José Roa

    (CEMLA)

Abstract

This note presents a brief summary of the recent literature, both theoretical and empirical, on the effects of financial development on growth and growth volatility. We attempt to contribute to the analysis of the possible channels of interaction between these processes which is key for policies aimed to promote growth and reduce growth volatility.

Suggested Citation

  • Rodolfo Cermeño & María José Roa, 2014. "Desarrollo financiero, crecimiento y volatilidad: una breve revisión de la literatura reciente," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 29(1), pages 85-105.
    • Handle: RePEc:emx:esteco:v:29:y:2014:i:1:p:85-105
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/73/74
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    More about this item

    Keywords

    growth; volatility; financial development;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • G00 - Financial Economics - - General - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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