Does Economic Diversification Lead to Financial Development? : Evidence From topography /
An influential theoretical literature has observed that economic diversification can reduce risk and increase financial development. But causality operates in both directions, as a well functioning financial system can enable a society to invest in more productive but risky projects, thereby determi...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2006.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2006/035 |
| 主题: | |
| 在线阅读: | Full text available on IMF |