Financial and Monetary Systems

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 University
Ashoka 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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Financial and Monetary Systems

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 Non-linear relationship
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Financial and Monetary SystemsEconomic Progress
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