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  • Rethinking Financial Deepening

    Stability and Growth in Emerging Markets

    Series Book 15 - IMF Staff Discussion Notes
    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 deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain large for most emerging markets, but there are limits on size and speed. ... Read more

    $4.49 USD