The role of the financial sector in enhancing economic growth in the Lao People’s Democratic Republic

Kristina Spantig
Additional contact information
Kristina Spantig: PhD, University of Leipzig, Institute for Economic Policy, Grimnasche Spafbe 12, 04109 Leipeig, Germany

Asia-Pacific Development Journal, 2015, vol. 22, issue 1, 67-98

Abstract: The financial sector of the Lao People’s Democratic Republic has been developing rapidly in recent years in terms of financial depth, intermediation and distribution. A developed financial sector is the basis for dynamic economic growth. Yet, unsustainable financial liberalization and growth poses risks to financial sector stability. The present report scrutinizes the role of the financial sector in enhancing economic growth in the Lao People’s Democratic Republic and aims to answer the question of adequate financial sector supervision with respect to the economy’s development. It is argued that only a prudentially supervised financial sector can enhance the economic growth performance of the country in the medium and long term.

Keywords: Finance-growth nexus; financial sector development; supervision. (search for similar items in EconPapers)
JEL-codes: G01 G32 O11 O16 O49 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.unescap.org/sites/default/files/4-Part3-Spantig.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unt:jnapdj:v:22:y:2015:i:1:p:67-98

Access Statistics for this article

More articles in Asia-Pacific Development Journal from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Contact information at EDIRC.
Bibliographic data for series maintained by Macroeconomic Policy and Development Division, ESCAP ().