Finance, Growth and Crisis – A European Perspective

The long-held truism that finance is always good for growth has been called into question by the global financial crisis. This article examines new evidence on the finance-growth nexus from a European perspective. More specifically, it compares the approach of many CESEE countries — i.e. financial deepening and integration via foreign banks — with that of the euro area, namely wholesale financial integration but without any instruments for crisis management.

[Full text of articles can be found in the Intereconomics Archive two years after the initial publication]

Intereconomics: Archive http://archive.intereconomics.eu/years/

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