Finance and Growth: New Evidence and Policy Analyses for Chile

Ross Levine () and María Carkovic

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: Given conflicting theoretical predictions about the impact of stock markets and banks on economic growth, this paper empirically evaluates this debate. The results emphasize the growth-enhancing role of stock markets and banks. Chile is clearly an outlier; it has less liquid stock markets and lower levels of banking development than other rapidly growing countries. The paper then compares Chile’s commercial bank regulatory and supervisory system with other countries and highlights some areas worthy of further study.

Date: 2002-06
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Citations: View citations in EconPapers (13)

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Chapter: Finance and Growth: New Evidence and Policy Analyses for Chile (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:157

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