Financial Stability and Economic Growth

Santiago Carbó-Valverde and Luis Pedauga Sánchez
Authors registered in the RePEc Author Service: Santiago Carbo Valverde

Chapter 1 in Crisis, Risk and Stability in Financial Markets, 2013, pp 8-23 from Palgrave Macmillan

Abstract: Abstract The relationship between the development of a country’s financial sector and its rate of economic growth has been studied in depth. However, few studies have tried to explain how the link between financial development and economic growth works during periods of financial instability. Bauducco, Buliř, and Čihák (2008), Hakkio and Keeton (2009) and Carlson et al. (2009) have recently studied the effects of financial stress on economy performance. They have pointed out that there are three different channels through which financial instability can affect the relationship between finance development and economic growth.

Keywords: Economic Growth; Gross Domestic Product; International Monetary Fund; Financial Development; Financial Stability (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-00183-2_2

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DOI: 10.1057/9781137001832_2

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