000 | 02298nam a22004094a 4500 | ||
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001 | WPIEA2005170 | ||
003 | IMF | ||
005 | 20190405164624.0 | ||
006 | m o d | ||
007 | cr cn||||||||| | ||
008 | 020129s2005 dcu o i00 0 eng d | ||
020 |
_a1451861893 : _c15.00 USD |
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020 | _z9781451861891 | ||
022 | _a1018-5941 | ||
024 | 7 |
_a10.5089/9781451861891.001 _2doi |
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035 | _a(IMF)WPIEA2005170 | ||
040 |
_aDcWaIMF _beng |
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100 | 1 | _aLoayza, Norman. | |
245 | 1 | 0 |
_aFinancial Development, Financial Fragility, and Growth _h[electronic resource] / _cNorman Loayza. |
260 |
_aWashington, D.C. : _bInternational Monetary Fund, _c2005. |
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300 | _a1 online resource (32 p.) | ||
490 | 1 |
_aIMF Working Papers; Working Paper ; _vNo. 05/170 |
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520 | 3 | _aThis paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit and liquid liabilities. On the other hand, the banking and currency crisis literature finds that monetary aggregates, such as domestic credit, are among the best predictors of crises and their related economic downturns. This paper accounts for these contrasting effects based on the distinction between the short- and long-run effects of financial intermediation. | |
588 | _aDescription based on print version record. | ||
650 | 7 |
_aBanking Crises _2imf |
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650 | 7 |
_aFinancial Fragility _2imf |
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650 | 7 |
_aFinancial Intermediation _2imf |
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650 | 7 |
_aFinancial Liberalization _2imf |
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650 | 7 |
_aFinancial Volatility _2imf |
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650 | 7 |
_aGrowth Empirics _2imf |
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651 | 7 |
_aCongo, Democratic Republic of the _2imf |
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651 | 7 |
_aDominican Republic _2imf |
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700 | 1 | _aRanciere, Romain. | |
776 | 0 | 8 |
_iPrint Version: _aLoayza, Norman. _tFinancial Development, Financial Fragility, and Growth _dWashington, D.C. : International Monetary Fund, 2005. _z9781451861891 |
830 | 0 |
_aIMF Working Papers; Working Paper ; _vNo. 05/170 |
|
856 | 4 | 0 |
_uhttp://elibrary.imf.org/view/IMF001/02337-9781451861891/02337-9781451861891/02337-9781451861891.xml _zIMF e-Library |
856 | 4 | 0 |
_uhttp://www.imfbookstore.org/IMFORG/9781451861891 _zIMF Book Store |
999 |
_c152540 _d152540 |