Finance, growth and crisis: A European perspective

The long-held truism that finance is always good for growth has been called into question by the global financial crisis. This article examines new evidence on the finance-growth nexus from a European perspective. More specifically, it compares the approach of many CESEE countries - i.e. financial deepening and integration via foreign banks - with that of the euro area, namely wholesale financial integration but without any instruments for crisis management.

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Year of publication:	2014
Authors:	Winkler, Adalbert
Published in:	Intereconomics. - Heidelberg : Springer, ISSN 1613-964X. - Vol. 49.2014, 2, p. 88-94
Publisher:	Heidelberg : Springer
Subject:	Finanzsektor \| Makroökonomischer Einfluss \| Wirtschaftswachstum \| Finanzmarktregulierung \| Kapitalimport \| Internationale Bank \| EU-Staaten

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/s10272-014-0490-2 [DOI] 782528066 [GVK] hdl:10419/141361 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011477721