Financial development can actually hinder growth at a certain point
Recent research suggests a point beyond which the benefits of financial development diminish, and further development can even hurt growth. Image: REUTERS/Daniel Munoz
Eilyn Lee Yin Chong
Graduate student, Woodrow Wilson School of Public and International Affairs, Princeton UniversityAshoka Mody
Visiting Professor in International Economic Policy, Woodrow Wilson School, Princeton University.Francisco Varela Sandoval
Graduate student, Woodrow Wilson School of Public and International Affairs, Princeton University
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