Financial Development and Economic Growth

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Author(s): Dimitrios Nikolaou Koumparoulis (Institute of Administrative Management, UK)
Copyright: 2015
Pages: 14
Source title: Strategic Infrastructure Development for Economic Growth and Social Change
Source Author(s)/Editor(s): Nilanjan Ray (Royal Thimphu College, Bhutan), Dillip Kumar Das (Sikkim Central University, India), Somnath Chaudhuri (Royal Thimphu College, Bhutan)and Arindam Ghosh (Royal Thimphu College, Bhutan)
DOI: 10.4018/978-1-4666-7470-7.ch003

Keywords: Business & Management / Business Science Reference / Management Science

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Abstract

In this chapter, the author examines the relationship between financial development and economic growth. In the first three sections of the chapter, they present the expansionary policies in the developed countries that led to increased capital flows in the last decades. Such an analysis was done through a thorough review of both empirical and other critical studies from distinguished academics. In the final section, a new financial system at the service of society and development with a case study for Greece is illustrated.

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