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  • Photo du rédacteurHélène Dufour

Capital Requirements and Growth in an Open Economy

"... capital requirements can promote growth by mitigating the risk of financial crises, possibly by encouraging... prudent lending. However, financial development and financial openness tend to mitigate the growth benefits of these policies, because of increased scope for (domestic and cross-border) regulatory arbitrage and, in the case of financial openness, greater opportunities to borrow abroad."

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