000 02298nam a22004094a 4500
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
020 _z9781451861891
022 _a1018-5941
024 7 _a10.5089/9781451861891.001
_2doi
035 _a(IMF)WPIEA2005170
040 _aDcWaIMF
_beng
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.
300 _a1 online resource (32 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 05/170
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
650 7 _aFinancial Fragility
_2imf
650 7 _aFinancial Intermediation
_2imf
650 7 _aFinancial Liberalization
_2imf
650 7 _aFinancial Volatility
_2imf
650 7 _aGrowth Empirics
_2imf
651 7 _aCongo, Democratic Republic of the
_2imf
651 7 _aDominican Republic
_2imf
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