| 000 | 01553cam a2200217 4500500 | ||
|---|---|---|---|
| 005 | 20250121212814.0 | ||
| 041 | _afre | ||
| 042 | _adc | ||
| 100 | 1 | 0 |
_aGuillaumont Jeanneney, Sylviane _eauthor |
| 700 | 1 | 0 |
_a Kpodar, Kangni _eauthor |
| 245 | 0 | 0 | _aFinancial Development, Financial Instability, and Economic Growth |
| 260 | _c2007. | ||
| 500 | _a30 | ||
| 520 | _aThis article seeks to reconcile two currents in the literature, one showing the positive effect of financial development on economic growth, the other illustrating the adverse effect of financial crises. The baseline assumption is that, in the developing countries, the instability of financial development increases with the pace of financial development itself. This positive relationship between the two phenomena diminishes the positive impact of financial development on growth. The authors offer several theoretical arguments in support of this hypothesis, which they test successfully on a large sample of developing countries during the period 1966-2000. The analysis shows that a financial-liberalization policy aimed at promoting financial development should not be implemented irrespectively of the political and economic environment. | ||
| 690 | _aeconomic growth | ||
| 690 | _afinancial intermediation | ||
| 690 | _abanking crises | ||
| 690 | _aGMM estimations | ||
| 786 | 0 | _nEconomie & prévision | o 174 | 3 | 2007-09-01 | p. 87-111 | 0249-4744 | |
| 856 | 4 | 1 | _uhttps://shs.cairn.info/journal-economie-et-prevision-1-2006-3-page-87?lang=en&redirect-ssocas=7080 |
| 999 |
_c699253 _d699253 |
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