Trust, Financial Regulation, and Growth
Money and financial intermediation are important elements in economic growth. Both depend heavily on trust for their efficient working. In the second half of the twentieth century, trust was eroded and even broke down. Regulation replaced it. The welfare costs grew, and economic growth was damaged....
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Veröffentlicht in: | Australian economic history review 2016-03, Vol.56 (1), p.100-112 |
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Format: | Artikel |
Sprache: | eng |
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