Bulletin n. 1-2/2014 | ||
November 2014 | ||
Winkler Adalbert |
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Finance, growth and crisis — A European perspective | ||
in Intereconomics , Volume 49, Issue 2, March 2014 , 2014 , Pages 88-94 | ||
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. | ||