Monograph on the role of financial deepening in economic development, or the accumulation of financial assets at a pace faster than accumulation of nonfinancial

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial de

This paper examines how financial development affects the sources of growth—productivity and investment—using a sample of 145 countries for the period 1960-

CD-ROM contains: World Bank data.