Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit … that financially more deregulated economies are more likely to experience persistent stagnation. In the short run, credit …

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit … that financially more deregulated economies are more likely to experience persistent stagnation. In the short run, credit …

of growth induced by financial deepening from crises induced by credit booms. Cross-country panel regressions with five …One strand of the economics literature addresses financial deepening as a precursor to economic growth. Another views … percentage points) in the ratio of M2 to GDP over a ten year period, significantly enhanced the standard finance-growth dynamic …