This article introduces a special issue on lessons from the recent crisis on finance, growth, and stability. The papers in the special issue discuss (i) the benefits and risks of financial innovation and regulatory responses to these risks, (ii) the effect of finance and globalization on the real economy, and (iii) the role of government in providing credit guarantees. This introductory article provides a broader view on these issues and closes with ideas on the future research agenda in this field.
|Journal||Journal of Financial Stability|
|Early online date||2 Jan 2014|
|Publication status||Published - Feb 2014|
- financial development
- financial innovation
- government policies