TY - UNPB
T1 - The Role of Finance in Economic Development
T2 - Benefits, Risks, and Politics
AU - Beck, T.H.L.
N1 - Subsequently published in the Oxford Handbook of Capitalism (2012) - This is also EBC Discussion Paper 2011-038
Pagination: 74
PY - 2011
Y1 - 2011
N2 - Abstract: Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the political structure of societies, often pre-determined by historic experience, is critical for the structure and development of the financial system. This paper is a critical survey of three related strands of literature – the finance and growth literature, the literature on financial fragility, and the politics and finance literature.
AB - Abstract: Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the political structure of societies, often pre-determined by historic experience, is critical for the structure and development of the financial system. This paper is a critical survey of three related strands of literature – the finance and growth literature, the literature on financial fragility, and the politics and finance literature.
KW - Financial Development
KW - Financial Fragility
KW - Finance and Politics
KW - Economic Development
KW - Access to Finance
KW - Banking Crisis
M3 - Discussion paper
VL - 2011-141
T3 - CentER Discussion Paper
BT - The Role of Finance in Economic Development
PB - Economics
CY - Tilburg
ER -