Bank for International Settlements BIS, BIS Working Papers No 381

Reassessing the impact of finance on growth (JEL classification: D92, E22, E44, O4) – Published on BIS, 21 pdf-pages,  by Stephen G Cecchetti and Enisse Kharroubi, Monetary and Economic Department, July 2012.

This paper investigates how financial development affects aggregate productivity growth. Based on a sample of developed and emerging economies, we first show that the level of financial development is good only up to a point, after which it becomes a drag on growth. Second, focusing on advanced economies, we show that a fast-growing financial sector is detrimental to aggregate productivity growth … (click on the internal link for FULL text). 

Links:

BIS /working papers, last 12 months;

Top Info Forum, 31. März 2012 (in german);

A list of videos – most are in german, a few are in french and english – about the same topic, with their conclusions: Economy – Money – Crisis – Politics – Society;

Video with Sanjay Pradhan: How open data is changing international aid, 15.21 min, published on TED,

filmed June 2012, posted Oct. 2012.

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