Financial Development, Financial Fragility, and Growth

The authors study the apparent contradiction 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 measu...

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Bibliographic Details
Main Authors: Loayza, Norman, Rancière, Romain
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2004/10/5278725/financial-development-financial-fragility-growth
http://hdl.handle.net/10986/14233

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