Semantic Scholar Open Access 2012 1338 sitasi

Too Much Finance?

Enrico G. Berkes U. Panizza J. Arcand

Abstrak

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.

Topik & Kata Kunci

Economics

Penulis (3)

Enrico G. Berkes

U. Panizza

J. Arcand

Format Sitasi

APA MLA BibTeX

Berkes, E.G., Panizza, U., Arcand, J. (2012). Too Much Finance?. https://doi.org/10.5089/9781475504668.001

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Informasi Jurnal

Tahun Terbit: 2012
Bahasa: en
Total Sitasi: 1338×
Sumber Database: Semantic Scholar
DOI: 10.5089/9781475504668.001
Akses: Open Access ✓