Finance, growth and fragility

The role of government

T.H.L. Beck

Research output: Contribution to journalArticleScientificpeer-review

Abstract

This paper offers a critical survey of the literature on the role of financial deepening in economic development, focusing on the role of government. Specifically, I distinguish between the policy view that relates financial sector development to an array of necessary policies and institutions, the historic view that relates financial sector development to historic and cultural factors, and the politics view that explains financial sector development as the result of political conflicts and decisions. These three views of financial sector deepening imply a different role for government. I discuss examples from the developed and developing world and repercussions for current reform discussions.
Original languageEnglish
Pages (from-to)49-77
JournalInternational Journal of Banking, Accounting and Finance
Volume5
Issue number1-2
Publication statusPublished - 2013

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Finance and growth
Fragility
Role of government
Financial sector development
Economic development
Financial deepening
Developing world
Cultural factors
Financial sector
Government

Cite this

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Finance, growth and fragility : The role of government. / Beck, T.H.L.

In: International Journal of Banking, Accounting and Finance, Vol. 5, No. 1-2, 2013, p. 49-77.

Research output: Contribution to journalArticleScientificpeer-review

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