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Finance and economic development : policy choices for developing countries

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  • Demirguc-Kunt, Asli

Abstract

The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems-varies sharply around the world, with large differences among countries at similar levels of income. This paper argues that governments play an important role in building effective financial systems and discusses different policy options to make finance work for development.

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  • Demirguc-Kunt, Asli, 2006. "Finance and economic development : policy choices for developing countries," Policy Research Working Paper Series 3955, The World Bank.
  • Handle: RePEc:wbk:wbrwps:3955
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    More about this item

    Keywords

    Banks&Banking Reform; Economic Theory&Research; Macroeconomic Management; Achieving Shared Growth; Inequality;
    All these keywords.

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