... from non-performing loans also causes a deterioration of bank balance sheets. Financial markets and the macroeconomy Financial economics Macroeconomic policy Econometric modelling Financial liberalization Financial crises Financial development Logit model G01 G21 G28 C23 E60...

...Gonçalo Pina Purpose This paper aims to empirically and theoretically study the role of domestic savings behind the financial stability and growth effects of different financial liberalizations, when the government is not able to commit to enforce financial contracts. The following liberalizations...