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Financial Development: Too Little of It

In: Globalization and Sustainable Economic Development

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  • Piya Mahtaney

Abstract

The crisis, caused as it was by multiple reasons, has evoked considerable debate about the part that financial innovation had in its occurrence and perpetration and the larger question of its role in economic growth. There is not much empirical literature on the subject, but recent evidence, even though not enough to provide a nuanced view of the subject, does give us a basis for examining what determines the

Suggested Citation

  • Piya Mahtaney, 2013. "Financial Development: Too Little of It," Palgrave Macmillan Books, in: Globalization and Sustainable Economic Development, chapter 12, pages 161-168, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-02499-2_13
    DOI: 10.1057/9781137024992_13
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