Financial Resource Curse in Resource Rich Countries is popular PDF and ePub book, written by Mr.Montfort Mlachila in 2017-07-19, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Financial Resource Curse in Resource Rich Countries can be Read Online from any device for your convenience.
Financial Resource Curse in Resource Rich Countries Book PDF Summary
Why do commodity-dependent developing countries have typically lower levels of financial development than their peers? The literature has proposed many possible explanations, but it typically does not dwell on the deep mechanisms that drive such an outcome. In this paper, we argue that the main cause is the shocks in commodity prices. We test the hypothesis on 68 commodity-rich developing countries between 1980 and 2014, and we find strong evidence of the financial development resource curse through the channel of commodity price shocks, after controlling for other explanations found in the literature. The findings are robust to the different types of commodities, the nature of the shocks, and various indicators of financial development. We also show how the impact of these shocks can be mitigated through good quality of governance.
Detail Book of Financial Resource Curse in Resource Rich Countries PDF
- Author : Mr.Montfort Mlachila
- Release : 19 July 2017
- Publisher : International Monetary Fund
- ISBN : 9781484310144
- Genre : Business & Economics
- Total Page : 29 pages
- Language : English
- PDF File Size : 8,6 Mb
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