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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| Main Author: | |
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| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund, Research Dept.,
2006.
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| Series: | IMF working paper ;
WP/06/35. |
| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |