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Finance, financial sector policies, and long-run growth
 
Author:Demirguc-Kunt, Asli ; Levine, Ross; Collection Title:Policy Research working paper ; no. WPS 4469
Country:World; Date Stored:2008/01/07
Document Date:2008/01/01Document Type:Policy Research Working Paper
SubTopics:Access to Finance; Emerging Markets; Economic Theory & Research; Debt Markets; Language:English
Region:The World RegionReport Number:WPS4469
Volume No:1 of 1  

Summary: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.

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