LEADER 00872nam0-22003371i-450 001 990001784510403321 005 20191029091951.0 035 $a000178451 035 $aFED01000178451 035 $a(Aleph)000178451FED01 035 $a000178451 100 $a20030910d1994----km-y0itay50------ba 101 0 $aita 102 $aIT 105 $ay-------001yy 200 1 $a<>Mezzogiorno zootecnico$fRoberto Rubino 210 $aRoma$cINEA$d1994 215 $a143 p.$d28 cm 225 1 $aCollana di zootecnia$v1 610 0 $aZootecnica 676 $a636 700 1$aRubino,$bRoberto$075749 801 0$aIT$bUNINA$gRICA$2UNIMARC 901 $aBK 912 $a990001784510403321 952 $aV B 115$b1463$fFMVBC 952 $a60 636 RUBR 1994$b4725$fFAGBC 959 $aFAGBC 959 $aFMVBC 996 $aMezzogiorno zootecnico$9408114 997 $aUNINA LEADER 06799oam 22014774 450 001 9910958371203321 005 20250426110052.0 010 $a9781475550375 010 $a1475550375 010 $a9781475526103 010 $a1475526105 035 $a(CKB)2670000000234713 035 $a(EBL)1606809 035 $a(SSID)ssj0000943869 035 $a(PQKBManifestationID)11612499 035 $a(PQKBTitleCode)TC0000943869 035 $a(PQKBWorkID)10977699 035 $a(PQKB)11416369 035 $a(Au-PeEL)EBL1606809 035 $a(CaPaEBR)ebr10590645 035 $a(OCoLC)796674277 035 $a(IMF)WPIEE2012161 035 $a(IMF)WPIEA2012161 035 $a(MiAaPQ)EBC1606809 035 $aWPIEA2012161 035 $a(EXLCZ)992670000000234713 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aToo Much Finance? /$fEnrico Berkes, Ugo Panizza, Jean-Louis Arcand 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (51 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781475504668 311 08$a1475504667 311 08$a9781475554311 311 08$a1475554311 320 $aIncludes bibliographical references. 327 $aCover; Contents; I. Introduction; II. Country-Level Data; A. Cross-Sectional Regressions; 1. Semi-parametric estimations; B. Panel Regressions; 1. Semi-parametric estimations; III. Volatility, Crises, and Heterogeneity; IV. Industry-Level Data; V. Conclusions; References; Tables; 1. Cross-Country OLS Regressions; 2. Cross-Country OLS Regressions; 3. Tests for an inverse U-shape; 4. Panel Estimations; 5. Panel Estimations; 6. Panel Estimations: 10-year Growth Episodes; 7. Volatility and Banking Crises; 8. Institutional Quality and Bank Regulation and Supervision 327 $a9. Rajan and Zingales Estimations10. Data Description and Sources; 11. Summary Statistics; Figures; 1. Marginal Effect Using Cross-Country Data; 2. Semi-Parametric Regressions; 3. Credit to the Private Sector; 4. Marginal Effect Using Panel Data; 5. Countries with Large Financial Sectors (2006); 6. Semi-Parametric Regressions using Panel Data; 7. The Marginal Effect of Credit to the Private Sector with High and Low Output Volatility; 8. The Marginal Effect of Credit to the Private Sector during Tranquil and Crisis Periods 330 3 $aThis paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a negative effect on output growth when credit to the private sector reaches 100% of GDP. We show that our results are consistent with the "vanishing effect" of financial development and that they are not driven by output volatility, banking crises, low institutional quality, or by differences in bank regulation and supervision. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2012/161 606 $aFinance 606 $aEconomic development 606 $aBank supervision$2imf 606 $aBanking crises$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aCorporate Finance and Governance$2imf 606 $aCredit$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aEconomic Development: Financial Markets$2imf 606 $aEconomic Growth and Aggregate Productivity: General$2imf 606 $aEconomic sectors$2imf 606 $aFinance$2imf 606 $aFinance: General$2imf 606 $aFinancial Aspects of Economic Integration$2imf 606 $aFinancial Crises$2imf 606 $aFinancial crises$2imf 606 $aFinancial Institutions and Services: General$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aFinancial markets$2imf 606 $aFinancial regulation and supervision$2imf 606 $aFinancial sector development$2imf 606 $aFinancial sector$2imf 606 $aFinancial services industry$2imf 606 $aFinancial services law & regulation$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aIndustries: Financial Services$2imf 606 $aMonetary economics$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aMoney$2imf 606 $aSaving and Capital Investment$2imf 606 $aState supervision$2imf 607 $aUnited States$2imf 615 0$aFinance. 615 0$aEconomic development. 615 7$aBank supervision 615 7$aBanking crises 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aCorporate Finance and Governance 615 7$aCredit 615 7$aEconomic & financial crises & disasters 615 7$aEconomic Development: Financial Markets 615 7$aEconomic Growth and Aggregate Productivity: General 615 7$aEconomic sectors 615 7$aFinance 615 7$aFinance: General 615 7$aFinancial Aspects of Economic Integration 615 7$aFinancial Crises 615 7$aFinancial crises 615 7$aFinancial Institutions and Services: General 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aFinancial Markets and the Macroeconomy 615 7$aFinancial markets 615 7$aFinancial regulation and supervision 615 7$aFinancial sector development 615 7$aFinancial sector 615 7$aFinancial services industry 615 7$aFinancial services law & regulation 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aIndustries: Financial Services 615 7$aMonetary economics 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aMoney and Monetary Policy 615 7$aMoney 615 7$aSaving and Capital Investment 615 7$aState supervision 676 $a332.10973 700 $aBerkes$b Enrico$01815814 701 $aArcand$b Jean-Louis$01791443 701 $aPanizza$b Ugo$01815815 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910958371203321 996 $aToo Much Finance$94371341 997 $aUNINA