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Financial Development, Growth, and Crisis: Is There a Trade-Off?

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NBER2018-04-01 更新2025-01-04 收录
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This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnectwith one literature focusing on the effect of financial deepening on long-run growth and another studying its impact on volatility and

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2018-04-01
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