Finance, financial sector policies, and long-run growth

Asli Demirguc-Kunt and Ross Levine ()

No 4469, Policy Research Working Paper Series from The World Bank

Abstract: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.

Keywords: Debt Markets; Access to Finance; Emerging Markets; Economic Theory&Research (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn, nep-dev and nep-fdg
Date: 2008-01-01
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