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find that: (i) the setting of money targets is consistent with money demand forecasting, (ii) targets have not played a …
Persistent link: https://www.econbiz.de/10010790361
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...
Persistent link: https://www.econbiz.de/10010790393