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来源类型 | VoxEU Column |
规范类型 | 评论 |
Little evidence for 'too much finance' | |
Rachel Cho; Rodolphe Desbordes; Markus Eberhardt | |
发表日期 | 2022-03-04 |
出版年 | 2022 |
语种 | 英语 |
摘要 | The current consensus in the literature that the finance-growth nexus is more complex than previously thought has led to concerns about ‘too much finance’. This column looks at the effects of 'too much finance' on growth and propensity for banking crisis and finds some evidence of a detrimental effect, but not for highly financially developed countries. Even for countries with intermediate levels of financial development, there do not appear to be any negative implications of ‘too much finance’ for long-term growth trajectories. |
主题 | Development ; Financial Markets ; Financial Regulation and Banking |
关键词 | Financial development Economic growth Financial crises Heterogeneous treatment effects |
URL | https://cepr.org/voxeu/columns/little-evidence-too-much-finance |
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/556619 |
推荐引用方式 GB/T 7714 | Rachel Cho,Rodolphe Desbordes,Markus Eberhardt. Little evidence for 'too much finance'. 2022. |
条目包含的文件 | 条目无相关文件。 |
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