Stability and Growth in Emerging Markets
by
Ratna Ms. Sahay, Martin Cihak, Papa Mr. N'Diaye
Language: English
Release Date: May 4, 2015
The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from...