Financial systems and economic growth: a critical relationship?

Giancarlo Forestieri
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Giancarlo Forestieri: Università Bocconi, Milano

BANCARIA, 2013, vol. 05, 2-18

Abstract: 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

JEL-codes: G01 G21 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:5:y:2013:m:may:p:2-18

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