Torsten M Sloek

TL;DR: A review of the literature on the effects of capital account liberalization and stock market liberalization on economic growth can be found in this paper, where various empirical measures used to gauge the presence of controls on capital account transactions as well as indicators of stock market normalization are discussed.

TL;DR: The authors survey the literature on the effects of capital account openness and stock market liberalization on economic growth and provide a synthesis in which they reconcile some of the different results presented in the literature and demonstrate that enriching the specification by allowing for nonlinearities helps explain why different studies that ignore the nonlinear nature of the relationship find different results.

TL;DR: The main finding of as discussed by the authors is that the European Union (EU) countries fall into two broad groups according to the effects of monetary policy adjustments on economic activity and that the full effects of a contractionary monetary shock on output in one group of EU countries (Austria, Belgium, Finland, Germany, Netherlands, and United Kingdom) take roughly twice as long to occur, but are almost twice as deep as in the other group (Denmark, France, Italy, Portugal, Spain, and Sweden).

TL;DR: In this paper, the authors reviewed and discussed issues involved in assessing the relationship between capital account liberalization and economic performance and provided some support for a positive effect on growth, especially for developing countries.

TL;DR: The main finding of as discussed by the authors is that the European Union (EU) countries fall into two broad groups according to the effects of monetary policy adjustments on economic activity and that the full effects of a contractionary monetary shock on output in one group of EU countries (Austria, Belgium, Finland, Germany, Netherlands, and United Kingdom) take roughly twice as long to occur, but are almost twice as deep as in the other group (Denmark, France, Italy, Portugal, Spain, and Sweden).