Year: 2008
Type: book-chapter
Abstract: Recent research has provided compelling evidence that financial development exerts a significantly positive efiect on economic growth. Ross Levine (2005) provides a thorough review of both the theoretical and empirical work linking the depth and breadth of capital markets to economic performance. The current study aims to be complementary to Levine’s extensive review. It does so by trying to place the, This chapter was written when the author was working at the Financial Research Division of the European Central Bank.
Author: Elias Papaioannou
Institutions: Centre for Economic Policy Research, London Business School
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1590383456