Financial structure, economic growth and development

Allen, Franklin; Gu, Xian; Kowalewski, Oskar

Type de document :

Partie d'ouvrage

Titre :

Financial structure, economic growth and development

Auteur(s) :

Allen, Franklin [Auteur]
Gu, Xian [Auteur]
Kowalewski, Oskar [Auteur]
Lille économie management - UMR 9221 [LEM]

Éditeur(s) ou directeur(s) scientifique(s) :

Thorsten Beck (dir)
Ross Levine (dir)

Titre de l’ouvrage :

Handbook of Finance and Development

Éditeur :

Edward Elgar Publishing

Lieu de publication :

Cheltenham

Date de publication :

2017-09

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [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 ...
Lire la suite >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.Lire moins >

Langue :

Anglais

Audience :

Internationale

Vulgarisation :

Non

Commentaire :

Chapitre n°2

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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