The current consensus in the literature that the finance-growth nexus is more complex than previously thought has led to concerns about ‘too much finance’. This column looks at the effects of 'too much finance' on growth and propensity for banking crisis and finds some evidence of a detrimental effect, but not for highly financially developed countries. Even for countries with
The Straits Times
The world’s infatuation with all things digital may be superseded by more pressing challenges
In the United States, the best-performing stock market sectors in 2020 are technology and consumer discretionary.PHOTO: BLOOMBERG
Andreas Deppeler
PublishedJan 24, 2021, 5:00 am SGT
https://str.sg/JK3G
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