skip to content
Too much finance? Preview this item
ClosePreview this item
Checking...

Too much finance?

Author: Jean-Louis Arcand; Enrico Berkes; Ugo Panizza; International Monetary Fund. Research Department.
Publisher: [Washington, D.C.] : International Monetary Fund, ©2012.
Series: IMF working paper, WP/12/161.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a negative effect on output growth when credit to the private sector reaches 100% of GDP. We show that our results are consistent  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Jean-Louis Arcand; Enrico Berkes; Ugo Panizza; International Monetary Fund. Research Department.
OCLC Number: 796674277
Notes: Title from PDF title page (IMF Web site, viewed Jun. 25, 2012)
"Research Department."
"June 2012."
Description: 1 online resource (50 p.)
Series Title: IMF working paper, WP/12/161.
Responsibility: prepared by Jean-Louis Arcand, Enrico Berkes and Ugo Panizza.

Abstract:

This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a negative effect on output growth when credit to the private sector reaches 100% of GDP. We show that our results are consistent with the "vanishing effect" of financial development and that they are not driven by output volatility, banking crises, low institutional quality, or by differences in bank regulation and supervision.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


<http://www.worldcat.org/oclc/796674277>
library:oclcnum"796674277"
library:placeOfPublication
library:placeOfPublication
owl:sameAs<info:oclcnum/796674277>
rdf:typeschema:Book
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
<http://id.worldcat.org/fast/901797>
rdf:typeschema:Intangible
schema:name"Economic development--Econometric models"
schema:name"Economic development--Econometric models."
schema:about
<http://id.worldcat.org/fast/924377>
rdf:typeschema:Intangible
schema:name"Finance--Econometric models"
schema:name"Finance--Econometric models."
schema:bookFormatschema:EBook
schema:contributor
<http://viaf.org/viaf/167050747>
rdf:typeschema:Organization
schema:name"International Monetary Fund. Research Department."
schema:contributor
schema:contributor
schema:copyrightYear"2012"
schema:creator
schema:datePublished"2012"
schema:description"This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a negative effect on output growth when credit to the private sector reaches 100% of GDP. We show that our results are consistent with the "vanishing effect" of financial development and that they are not driven by output volatility, banking crises, low institutional quality, or by differences in bank regulation and supervision."
schema:exampleOfWork<http://worldcat.org/entity/work/id/1121380672>
schema:inLanguage"en"
schema:name"Too much finance?"
schema:publisher
schema:url<http://www.imf.org/external/pubs/ft/wp/2012/wp12161.pdf>
schema:url<http://public.eblib.com/EBLPublic/PublicView.do?ptiID=1606809>
schema:url<http://bibpurl.oclc.org/web/24285/2012/wp12161.pdf>
schema:url<http://site.ebrary.com/id/10590645>
schema:url

Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.