Too much finance?

Simple item page
dc.contributor.authorArcand, Jean-Louis
dc.contributor.authorBerkes, Enrico
dc.contributor.authorPanizza, Ugo
dc.date.accessioned2023-11-13T15:24:00Z
dc.date.available2023-11-13T15:24:00Z
dc.date.issued2015-05-08
dc.description.abstractThis 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.en_US
dc.description.urihttps://link.springer.com/article/10.1007/s10887-015-9115-2en_US
dc.format.extent50 pagesen_US
dc.genrejournal articlesen_US
dc.genrepreprintsen_US
dc.genreworking papersen_US
dc.identifierdoi:10.13016/m2bcrq-6rg4
dc.identifier.citationArcand, Jean Louis, Enrico Berkes, and Ugo Panizza. “Too Much Finance?” Journal of Economic Growth 20, no. 2 (June 1, 2015): 105–48. https://doi.org/10.1007/s10887-015-9115-2.en_US
dc.identifier.urihttps://doi.org/10.1007/s10887-015-9115-2
dc.identifier.urihttp://hdl.handle.net/11603/30704
dc.language.isoen_USen_US
dc.publisherSpringer Natureen_US
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC Economics Department Collection
dc.rightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.en_US
dc.titleToo much finance?en_US
dc.typeTexten_US
dcterms.creatorhttps://orcid.org/0000-0001-5117-9918en_US

Files

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
Too Much Finance by Jean-Louis Arcand Enrico Berkes and Ugo Panizza IMF Working Paper 12_161.pdf
Size:
1.08 MB
Format:
Adobe Portable Document Format
Description:
Download

License bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
2.56 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

UMBC Economics Department