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This paper shows that finance has been a key ingredient of long-term economic growth in OECD and G20 countries over the past half-century, but that there can be too much finance. The evidence indicates that at current levels of household and business credit further expansion slows rather than...
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banks. The United States has a strong venture capital industry focused on early-stage financing of high-technology companies … control of his or her company. Often though, this control cannot be retained at the time of financing by an inexperienced … financing is linked to the availability of VC exit and return of control to the entrepreneur. The venture capital market will be …
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