Journal of
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Archive » May 2013 » Financial systems and economic growth: a critical relationship?

Financial systems and economic growth: a critical relationship?

Giancarlo Forestieri
May 2013 - n°5
Jel codes: G01, G21

The study of the relationship between finance and growth has a great importance both for financial systems’ regulation and for intermediaries’ strategic choices. Many empirical researches underlined in the past a positive evidence not confirmed in recent years. Focusing on advanced economies, after the crisis, the research is now underlying the effects of «too much finance», with innovation causing fragility and speculative bubbles, hampering growth

 

 

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