Financial Development, Financial Fragility, and Growth /

This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit and...

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Autor principal: Loayza, Norman
Altres autors: Ranciere, Romain
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2005.
Col·lecció:IMF Working Papers; Working Paper ; No. 2005/170
Accés en línia:Full text available on IMF