SSRN-Financial Openness and Productivity by Geert Bekaert, Campbell Harvey, Christian Lundblad

A couple of really cool findings in this one:1. Openness and market liberalization are good for economy as well as capital markets. In fact the factor productivity increase dominates.2. The overall gain of the "openness" offsets risk of economic crises.SSRN-Financial Openness and Productivity by Geert Bekaert, Campbell Harvey, Christian Lundblad: "Financial openness is often associated with