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Rachel Cho
University of Nottingham
Rachel Cho is an Ph.D. Student in Economics at the University of Nottingham. Her research interests span the fields of financial economics and macroeconomics. Before pursuing a Ph.D., she worked as an economist at the Malaysian Central Bank.
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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.
30 May 2022
Macroeconomics
Macroeconomics
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