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Contents: Part I Theory and evidence on finance and growth -- 1. Financial development and innovation-led growth … Abraham and Sergio Schmukler -- 13. Technological change, financial innovation, and economic development / Thorsten Beck and … between the financial system and economic growth. Containing chapters on theory, empirical work and historic accounts, this is …
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Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the political...
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The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among...
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