Abstract
Can there be too much finance in a country? No, of course not, many would argue. Why should firms having easy access to banks, which finance their new projects be a problem? Until now, more bank lending in a country is usually seen as a positive impulse inducing more economic growth. This paper explains why such a view has its limits and why these limits are crucial for today’s world.
The opinions expressed are those of the author and do not necessarily reflect the views of Vontobel Asset Management.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
Literature
Arcand, J. L., Berkes, E., & Panizza, U. (2015). Too much finance? Journal of Economic Growth, 20(2), 105–148. (This study was first published as an IMF Working Paper in 2012 (WP/12/161)).
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Cueni, R. (2019). Reto Cueni Recommends “Too Much Finance?” by Jean-Louis Arcand, Enrico Berkes, and Ugo Panizza. In: Frey, B., Schaltegger, C. (eds) 21st Century Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-17740-9_12
Download citation
DOI: https://doi.org/10.1007/978-3-030-17740-9_12
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-17739-3
Online ISBN: 978-3-030-17740-9
eBook Packages: Economics and FinanceEconomics and Finance (R0)