Required Readings
LEVINE 1997. FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH VIEWS AND AGENDA
Rajan and Zingales 1998 Financial dependence and growth
Arcand et al 2010 Too much finance
Recommended Readings
Beck et al 2014 Is more finance better
Ceccheti and Kharroubi 2012 Reassessing the impact of finance on growth
Cetorelli 2009 credit market competition and the nature of firms
Xu 2000 Financial development investment and economic growth
Your task: After viewing the lecture and reading the materials for Module 1, post a response to one of the following questions. Respond to at least two of your classmates.
Are you convinced that financial development often promotes economic development? What issues remain unclear?
DO YOU THINK THERE CAN BE “TOO MUCH FINANCE?” WHY?