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Développement financier, instabilité financière et croissance économique

Author

Listed:
  • Sylviane GUILLAUMONT JEANNENEY

    (Centre d'Etudes et de Recherches sur le Développement International)

  • Kangni KPODAR

    (Centre d'Etudes et de Recherches sur le Développement International)

Abstract

Résumé : Cet article tente de concilier deux courants de la littérature, l’un qui montre l’effet favorable du développement financier sur la croissance économique, l’autre l’effet défavorable des crises financières. L’hypothèse centrale est que l’instabilité du développement financier croît avec celui-ci. Cette relation positive entre les deux phénomènes diminue l’impact favorable du développement financier sur la croissance. Plusieurs arguments théoriques sont présentés à l’appui de cette hypothèse, qui est ensuite testée avec succès sur un vaste échantillon de pays en développement durant la période 1966-2000. Cette analyse montre qu’une politique de libéralisation financière, destinée à promouvoir le développement financier, ne doit pas se faire dans n’importe quel environnement politique et économique.

Suggested Citation

  • Sylviane GUILLAUMONT JEANNENEY & Kangni KPODAR, 2004. "Développement financier, instabilité financière et croissance économique," Macroeconomics 0407004, EconWPA.
  • Handle: RePEc:wpa:wuwpma:0407004
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. LONZO LUBU, Gastonfils & KABWE OMOYI, Fanny, 2015. "Intermediation Financiere Et Croissance Economique En Republique Democratique Du Congo
      [Financial Intermediation And Economic Growth In Dr Congo]
      ," MPRA Paper 61261, University Library of Munich, Germany.
    2. Brahim Gaies, 2017. "Globalisation Financière, Croissance et effets de seuil : Le Cas des pays en développement Les moins avancés," EconomiX Working Papers 2017-25, University of Paris Nanterre, EconomiX.
    3. Patrick IMAM & Roland Kangni KPODAR, 2015. "Is Islamic Banking Good for Growth?," Working Papers P124, FERDI.
    4. Ip-wing Yu & Laurence Fung & Chi-sang Tam, 2007. "Assessing Financial Market Integration In Asia - Equity Markets," Working Papers 0704, Hong Kong Monetary Authority.
    5. Yu, Ip-Wing & Fung, Kang-Por & Tam, Chi-Sang, 2010. "Assessing financial market integration in Asia - Equity markets," Journal of Banking & Finance, Elsevier, vol. 34(12), pages 2874-2885, December.
    6. repec:sgh:erfinj:v:2:y:2017:i:1:p:43-62 is not listed on IDEAS
    7. Koloma, Yaya, 2012. "DETERMINANTS de la pauvreté et genre des bénéficiaires de microfinance au Mali
      [DETERMINANTS of poverty by gender of beneficiaries of microfinance in Mali]
      ," MPRA Paper 40644, University Library of Munich, Germany.
    8. Semia RACHID, 2011. "Foreign Direct Investment and Financial Resilience: Case of the Mediterranean Countries," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 8, pages 235-258, December.
    9. Cissé, Aboubakar Sidiki, 2009. "Faible financement bancaire dans la zone uemoa : une analyse des causes de ce mal récurrent
      [Low financing in the waemu zone: an analysis of the causes of this disease recurring]
      ," MPRA Paper 40821, University Library of Munich, Germany, revised 24 Aug 2012.
    10. Khattab Ahmed & Mpabe Bodjongo Mathieu Juliot & Ihadiyan Abid, 2015. "Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 5(4), pages 1043-1054.
    11. repec:pra:mprapa:40631 is not listed on IDEAS

    More about this item

    Keywords

    Développement financier; Croissance économique;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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