| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12859 |
| DP12859 Financial Structure, Economic Growth and Development | |
| Franklin Allen; Oskar Kowalewski | |
| 发表日期 | 2018-04-11 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Financial intermediaries and markets can alleviate market frictions through producing information and risk sharing in different ways. In practice, the structure of financial systems can be bank-based or market-based, varying across countries. The influence of financial structure on economic growth is dependent on the overall development of the real economy and institutions. The association is also different during crisis periods and non-crisis periods. Market-based systems tend to have an advantage for financially dependent industries in good times but are a disadvantage in bad times. The recent rapid growth of shadow banking benefits economic growth but also poses additional risks to the financial system and real economy. |
| 主题 | Development Economics ; Financial Economics |
| 关键词 | Banks Markets Shadow banking Economic growth |
| URL | https://cepr.org/publications/dp12859 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541670 |
| 推荐引用方式 GB/T 7714 | Franklin Allen,Oskar Kowalewski. DP12859 Financial Structure, Economic Growth and Development. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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