Financial structure, economic growth and ...
Document type :
Partie d'ouvrage
Title :
Financial structure, economic growth and development
Author(s) :
Allen, Franklin [Auteur]
Gu, Xian [Auteur]
Kowalewski, Oskar [Auteur]
Lille économie management - UMR 9221 [LEM]
Gu, Xian [Auteur]
Kowalewski, Oskar [Auteur]
Lille économie management - UMR 9221 [LEM]
Scientific editor(s) :
Thorsten Beck (dir)
Ross Levine (dir)
Ross Levine (dir)
Book title :
Handbook of Finance and Development
Publisher :
Edward Elgar Publishing
Publication place :
Cheltenham
Publication date :
2017-09
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
Financial intermediaries and markets can alleviate market frictions through producing information and risk sharing in different ways. In practice, the structure of financial systems can be bank-based or market-based, varying ...
Show more >Financial intermediaries and markets can alleviate market frictions through producing information and risk sharing in different ways. In practice, the structure of financial systems can be bank-based or market-based, varying across countries. The influence of financial structure on economic growth is dependent on the overall development of the real economy and institutions. The association is also different during crisis periods and non-crisis periods. Market-based systems tend to have an advantage for financially dependent industries in good times but are a disadvantage in bad times. The recent rapid growth of shadow banking benefits economic growth but also poses additional risks to the financial system and real economy.Show less >
Show more >Financial intermediaries and markets can alleviate market frictions through producing information and risk sharing in different ways. In practice, the structure of financial systems can be bank-based or market-based, varying across countries. The influence of financial structure on economic growth is dependent on the overall development of the real economy and institutions. The association is also different during crisis periods and non-crisis periods. Market-based systems tend to have an advantage for financially dependent industries in good times but are a disadvantage in bad times. The recent rapid growth of shadow banking benefits economic growth but also poses additional risks to the financial system and real economy.Show less >
Language :
Anglais
Audience :
Internationale
Popular science :
Non
Comment :
Chapitre n°2
Collections :
Source :