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Financial systems and economic growth: a critical relationship?

Author

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  • Giancarlo Forestieri

    (Università Bocconi, Milano)

Abstract

The study of the relationship between finance and growth has a great importance both for financial systems’ regulation and for intermediaries’ strategic choices. Many empirical researches underlined in the past a positive evidence not confirmed in recent years. Focusing on advanced economies, after the crisis, the research is now underlying the effects of «too much finance», with innovation causing fragility and speculative bubbles, hampering growth

Suggested Citation

  • Giancarlo Forestieri, 2013. "Financial systems and economic growth: a critical relationship?," BANCARIA, Bancaria Editrice, vol. 5, pages 2-18, May.
    • Handle: RePEc:ban:bancar:v:5:y:2013:m:may:p:2-18
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    File URL: http://www.bancaria.it/en/financial-systems-and-economic-growth-a-critical-relationship/
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    More about this item

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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