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Finance, growth and crisis — A European perspective

Adalbert Winkler

Intereconomics: Review of European Economic Policy, 2014, vol. 49, issue 2, 88-94

Abstract: The long-held truism that finance is always good for growth has been called into question by the global financial crisis. This article examines new evidence on the finance-growth nexus from a European perspective. More specifically, it compares the approach of many CESEE countries — i.e. financial deepening and integration via foreign banks — with that of the euro area, namely wholesale financial integration but without any instruments for crisis management. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Date: 2014
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DOI: 10.1007/s10272-014-0490-2

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