Financial Intermediary Development and Growth Volatility : Do Intermediaries Dampen or Magnify Shocks?
The authors extend the recent literature on the link between financial development and economic volatility by focusing on the channels through which the development of financial intermediaries affects economic volatility. Their theoretical model pr...
| Main Authors: | , , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2001/11/1631799/financial-intermediary-development-growth-volatility-intermediaries-dampen-or-magnify-shocks http://hdl.handle.net/10986/19440 |