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Title: Finance and Growth: What We Know and What We Need To Know
Authors: Demetriades, Panicos O.
Andrianova, Svetlana
First Published: Nov-2003
Publisher: Dept. of Economics, University of Leicester.
Abstract: The paper reviews recent literature on the relationship between finance and growth, highlighting areas where we need to know more. The paper argues that institutions, such as financial regulation, have a first-order effect on financial development and growth, and that their effectiveness could determine the success or failure of policies like bank privatisation or financial liberalisation. It concludes that a better understanding of the obstacles to financial development, which include institutional, legal and political economy constraints, is needed.
Series/Report no.: Discussion Papers in Economics
Type: Report
Appears in Collections:Reports, Dept. of Economics

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