Why does financial sector growth crowd out real economic growth?
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- Stephen G Cecchetti & Enisse Kharroubi, 2015. "Why does financial sector growth crowd out real economic growth?," BIS Working Papers 490, Bank for International Settlements.
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More about this item
Keywordsasset tangibility; credit booms; financial development; growth; R&D intensity;
- D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2015-06-13 (All new papers)
- NEP-ENT-2015-06-13 (Entrepreneurship)
- NEP-FDG-2015-06-13 (Financial Development & Growth)
- NEP-GRO-2015-06-13 (Economic Growth)
- NEP-MAC-2015-06-13 (Macroeconomics)
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