Jeanneney, Sylviane Guillaumont; Kpodar, Kangni R. - In: Économie et Prévision 174 (2006) 3, pp. 87-111
[eng] This article seeks to reconcile two currents in the literature, one showing the positive effect of financial development on economic growth, the other illustrating the adverse effect of financial crises. The baseline assumption is that, in the developing countries, the instability of...