EconPapers    
Economics at your fingertips  
 

Développement financier, instabilité financière et croissance économique

Sylviane Guillaumont Jeanneney () and Kangni Kpodar

No 200413, Working Papers from CERDI

Abstract: This paper tries to take into account two contrasted points of view that can be found the literature: the first one showing that financial development has a positive effect on economic growth, and the second one stressing the unfavourable effect of financial crisis. Our main assumption is that financial instability is positively correlated with financial development. Therefore, the favourable impact of financial development on economic growth is reduced. Theoretical arguments are presented to support this assumption, which is tested successfully on a sample of developing countries over the period 1966-2000. This suggests that a policy of financial liberalization, intending to promote financial development, should be implemented in a suitable political and economic environment.

Keywords: Financial Development; Economic growth (search for similar items in EconPapers)
Pages: 40
Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://publi.cerdi.org/ed/2004/2004.13.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://publi.cerdi.org/ed/2004/2004.13.pdf [301 Moved Permanently]--> https://publi.cerdi.org/ed/2004/2004.13.pdf)

Related works:
Journal Article: Développement financier, instabilité financière et croissance économique (2006) Downloads
Journal Article: Développement financier, instabilité financière et croissance économique (2006) Downloads
Working Paper: Développement financier, instabilité financière et croissance économique (2004) Downloads
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:cdi:wpaper:625

Access Statistics for this paper

More papers in Working Papers from CERDI Contact information at EDIRC.
Bibliographic data for series maintained by Vincent Mazenod ().

 
Page updated 2025-03-30
Handle: RePEc:cdi:wpaper:625