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[null,"1.","Record Nr.",null,"UNINA9910462221403321"]
[null,null,"Autore",null,"Arcand Jean-Louis"]
[null,null,"Titolo",null,"Too much finance? [[electronic resource] /] / prepared by Jean-Louis Arcand, Enrico Berkes and Ugo Panizza"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C., : International Monetary Fund, c2012"]
[null,null,"ISBN",null,"1-4755-5037-5"]
[{"$nulls":4},"1-4755-2610-5"]
[null,null,"Descrizione fisica",null,"1 online resource (51 p.)"]
[null,null,"Collana",null,"IMF working paper ; ; 12/161"]
[null,null,"Soggetti",null,"Finance"]
[{"$nulls":4},"Economic development"]
[{"$nulls":4},"Electronic books."]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Cover; Contents; I. Introduction; II. Country-Level Data; A. Cross-Sectional Regressions; 1. Semi-parametric estimations; B. Panel Regressions; 1. Semi-parametric estimations; III. Volatility, Crises, and Heterogeneity; IV. Industry-Level Data; V. Conclusions; References; Tables; 1. Cross-Country OLS Regressions; 2. Cross-Country OLS Regressions; 3. Tests for an inverse U-shape; 4. Panel Estimations; 5. Panel Estimations; 6. Panel Estimations: 10-year Growth Episodes; 7. Volatility and Banking Crises; 8. Institutional Quality and Bank Regulation and Supervision"]
[{"$nulls":4},"9. 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"]
[null,null,null,"Sommario/riassunto","This 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 "]
[{"$nulls":4},"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 regul"]