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Markus Eberhardt
Markus Eberhardt is Associate Professor in the School of Economics, University of Nottingham. His research focusses on empirical investigations of growth and development at the macro level and more recently on financial crises and on market integration in early modern economies. Before joining Nottingham in 2011, Markus held an ESRC Post-doctoral Research Fellowship at the Centre for the Study of African Economies in the Department of Economics at Oxford University, where he also completed his D.Phil.. His first degree was in Modern Chinese Studies at the University of Leeds, 2000. His has been a CEPR Research Affiliate since 2015.
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Little evidence for 'too much finance'
The current consensus that the finance-growth nexus is more complex than previously assumed has led to concerns about ‘too much finance’. Using a large panel dataset over six decades, this article finds some evidence of a detrimental effect of ‘too much finance’, but not for highly financially developed countries or for the long-term growth trajectories of countries with intermediate levels of financial development.
