Financial development, growth and volatility: A brief review of recent literature

This note presents a brief summary of the recent literature, both theoretical and empirical, on the effects of financial development on growth and growth volatility. We attempt to contribute to the analysis of the possible channels of interaction between these processes which is key for policies aim...

Descripción completa

Detalles Bibliográficos
Autores: Cermeño, Rodolfo, Roa, María José
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2014
País:México
Institución:EL COLEGIO DE MÉXICO
Repositorio:Estudios Económicos de El Colegio de México
Idioma:español
OAI Identifier:oai:oai.estudioseconomicos.colmex.mx:article/73
Acceso en línea:https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/73
Access Level:acceso abierto
Palabra clave:growth
volatility
financial development
C32
G00
O57
crecimiento
volatilidad
desarrollo financiero
Descripción
Sumario:This note presents a brief summary of the recent literature, both theoretical and empirical, on the effects of financial development on growth and growth volatility. We attempt to contribute to the analysis of the possible channels of interaction between these processes which is key for policies aimed to promote growth and reduce growth volatility.