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This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnect--with one literature focusing on the effect of financial deepening on long-run growth and another studying its impact on volatility and...
Persistent link: https://www.econbiz.de/10012453240
investment, financial depth, inflation stabilization, public infrastructure, governance, labor-market flexibility, ease of firm …
Persistent link: https://www.econbiz.de/10012466884