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Rethinking Financial Deepening
Stability and Growth in Emerging Markets
2015
EN
The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain large for most emerging markets, but there are limits on size and speed. When financial deepening outpaces the strength of the supervisory framework, it leads to exce...
Old Price:$86.00 MXNSale Price:$77.00 MXN
