Financial Volatility, Macroprudential Regulation and Economic Growth in Low-Income Countries Project

Award No. ES/L012022/1

Principal investigator

Lead co-investigator


This blog discussed the contributions made in the context of the project, which ran from September 2014 to February 2017.

Eight project contributions were discussed in this blog.

We began with the contribution of Dr. Kyriakos Neanidis, Volatile Capital Flows and Economic Growth: The Role of MacroPrudential Regulation, which was then followed by five additional contributions.

These included the two theoretical contributions of Professor Pierre-Richard Agénor, Growth and Welfare Effects of MacroPrudential Regulation, and Aid Volatility, Human Capital, and Growth.

Three empirical contributions were also released. These were: (i) the empirical contribution by Combes et al. (2016), Does It Pour When it Rains? Capital Flows and Economic Growth in Developing Countries; (ii) the study by Dr. Samuel Guérineau and Dr. Florian Léon on Information sharing, credit booms, and financial stability; and (iii) the empirical analysis of aid-remittances-inequality nexus by Chauvet et al. (2016), Economic Volatility and Inequality: Do Aid and Remittances Matter?

There were also two case studies. These were: (i) Macroprudential Policies in WAEMU Countries, by Guérineau et al. (2016); and (ii) When is aid destabilizing? Analysing profiles of aid flows in four low income countries, by Gabin et al. (2017).


Even though the project has ended, the blog will remain active until December 2017. To submit a comment or question, please click on the respective links of the papers.