The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more
Too Much Finance? by Enrico Berkes
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
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 sector reaches 100% of GDP. We show that our results are consistent with the "vanishing effect" of financial development and that they are not driven by output volatility, banking crises, low institutional quality, or by differences in bank regulation and supervision.
International Monetary Fund; June 2012
50 pages; ISBN 9781475526103
Read online, or download in secure EPUB or secure PDF format
Title: Too Much Finance?
Author: Enrico Berkes; Ugo Panizza; Jean-Louis Arcand
 
ISBNs
1475526105
9781475504668
9781475526103
9781475554311