Journal Article

Financial markets: an engine for economic growth

Abstract: Do developed financial markets lead to economic growth or result from it? While some economists argue for the latter, the author maintains that financial markets?despite their shortcomings of late?are an essential ingredient for an economy to grow in the long run.

Keywords: Financial markets; Economic growth;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2013

Issue: July