Finance, Growth, and Fragility
We use indicators from the Global Financial Development Database to identify the effects of financial fragility on the finance-growth nexus for the period from 2000 to 2014. Regressions on our cross-country sample show that financial fragility and increased private credit have negative effects on gr...
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| Veröffentlicht in: | Journal of financial services research 2024-08, Vol.66 (1), p.29-49 |
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| container_title | Journal of financial services research |
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| creator | Demetriades, Panicos O. Rewilak, Johan M. Rousseau, Peter L. |
| description | We use indicators from the Global Financial Development Database to identify the effects of financial fragility on the finance-growth nexus for the period from 2000 to 2014. Regressions on our cross-country sample show that financial fragility and increased private credit have negative effects on growth. This result is robust to controlling for systemic banking crises that indicate the negative effects remain whether these crises materialize or not. The results show that regulations to clean up balance sheets by addressing impaired loans could make banks more resilient to future shocks and revitalize the virtuous cycle between finance and growth. |
| doi_str_mv | 10.1007/s10693-023-00402-w |
| format | Article |
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Regressions on our cross-country sample show that financial fragility and increased private credit have negative effects on growth. This result is robust to controlling for systemic banking crises that indicate the negative effects remain whether these crises materialize or not. The results show that regulations to clean up balance sheets by addressing impaired loans could make banks more resilient to future shocks and revitalize the virtuous cycle between finance and growth.</description><identifier>ISSN: 0920-8550</identifier><identifier>EISSN: 1573-0735</identifier><identifier>DOI: 10.1007/s10693-023-00402-w</identifier><language>eng</language><publisher>New York: Springer US</publisher><subject>Balance sheets ; Banking ; Economic crisis ; Economic growth ; Economics and Finance ; Finance ; Financial Services ; GDP ; Gross Domestic Product ; International finance ; Loans ; Macroeconomics/Monetary Economics//Financial Economics ; Regulation</subject><ispartof>Journal of financial services research, 2024-08, Vol.66 (1), p.29-49</ispartof><rights>The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2023. 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| language | eng |
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| source | Springer Nature - Complete Springer Journals |
| subjects | Balance sheets Banking Economic crisis Economic growth Economics and Finance Finance Financial Services GDP Gross Domestic Product International finance Loans Macroeconomics/Monetary Economics//Financial Economics Regulation |
| title | Finance, Growth, and Fragility |
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