Finance and Growth: New Evidence and Policy Analyses for Chile
AbstractGiven conflicting theoretical predictions about the impact of stock markets and banks on economic growth, this paper empirically evaluates this debate. The results emphasize the growth-enhancing role of stock markets and banks. Chile is clearly an outlier; it has less liquid stock markets and lower levels of banking development than other rapidly growing countries. The paper then compares Chile’s commercial bank regulatory and supervisory system with other countries and highlights some areas worthy of further study.
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Bibliographic InfoPaper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 157.
Date of creation: Jun 2002
Date of revision:
Other versions of this item:
- María Carkovic & Ross Levine, 2002. "Finance and Growth: New Evidence and Policy Analyses for Chile," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.), Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 11, pages 343-376 Central Bank of Chile.
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