Financial development, growth, and crisis: is there a trade-off ? (English)

This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnect -- with one literature focusing on the effect of financial deepening on long -- run growth and another studying its impact on volatility and crisis—has given way to a more nuanced approach that analyzes the two phenomena in an integrated framework. The main finding of this literature is that...

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Author

Loayza,Norman V.;

Ouazad,Amine;

Ranciere,Romain;
Document Date
2017/11/07
Document Type
Policy Research Working Paper
Report Number
WPS8237
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2017/11/07
Disclosure Status
Disclosed
Doc Name
Financial development, growth, and crisis: is there a trade-off ?
Keywords
financial liberalization

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Citation

Loayza,Norman V.; Ouazad,Amine; Ranciere,Romain.

Financial development, growth, and crisis: is there a trade-off ? (English). Policy Research working paper|no. WPS 8237 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/512501510080248213

Financial development, growth, and crisis: is there a trade-off ? (English)

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