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| Tekijä: | Raddatz, C. |
| Otsikko: | Liquidity needs and vulnerability to financial underdevelopment |
| Lehti: | Journal of Financial Economics
2006 : JUN, VOL. 80:3, p. 677-722 |
| Asiasana: | development economics finance financial intermediaries liquidity volatility |
| Kieli: | eng |
| Tiivistelmä: | This article presents evidence that financial development has a significant impact in the reduction of macroeconomic volatility resulting from the role of the financial system in liquidity provision. Among different aspects of the financial system, the depth of financial intermediaries plays the main role in the reduction of volatility. |
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