Too Much Finance?

Working Paper No. 12/161

Nopic
This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a negative effect on output growth when credit to the private READ MORE...

Publication date: June 2012
ISBN 9781475504668
$18.00

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Publication date: June 2012

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Publication date: June 2012

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