Finance: Economic Lifeblood or Toxin?

Marco Pagano

Chapter 8 in The Social Value of the Financial Sector:Too Big to Fail or Just Too Big?, 2013, pp 109-146 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionA Mixed Record: The LiteratureThe Bright SideThe Dark SideShadow banks and securitizationLow Interest Rates and the Fall in Credit StandardsThe Nonlinear Effect of Financial Development: Some EvidenceNonlinear Effect on Long-Run GrowthNonlinear Effects on Bank Solvency and Systemic StabilityWhy Didn’t Regulation Prevent Financial Hypertrophy?“Sins of Omission:” Neglecting Financial Innovation and Changing Incentives“Sins of Commission:” The Role of PoliticsReferences

Keywords: Depository Institutions; Banks; Too-Big-to-Fail; Financial Innovations (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (11)

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Related works:
Working Paper: Finance - Economic Lifeblood or Toxin? (2013)
Working Paper: Finance: Economic Lifeblood or Toxin? (2012)
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