{"id":449,"date":"2011-04-06T20:54:41","date_gmt":"2011-04-06T18:54:41","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=449"},"modified":"2011-05-12T22:16:48","modified_gmt":"2011-05-12T20:16:48","slug":"too-much-finance","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/too-much-finance\/","title":{"rendered":"Too much finance?"},"content":{"rendered":"<p><a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/6327\" target=\"_blank\">Arcand,\u00a0Jean-Luis<\/a>, <a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/6326\" target=\"_blank\">Berkes,\u00a0Enrico<\/a>\u00a0&amp; <a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/4607\" target=\"_blank\">Panizza,\u00a0Ugo<\/a>.<\/p>\n<p>Over the last three decades the US financial sector has grown six times faster than nominal GDP. This\u00a0paper argues that there comes a point when the financial sector has a negative effect on growth \u2013 that is, when credit to the private sector exceeds 110% of GDP. It shows that, of the advanced countries currently suffering in the fallout of the global crisis were all above this threshold.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>unpublished<\/p>\n<p><a href=\"https:\/\/3228839428361814816-a-1802744773732722657-s-sites.googlegroups.com\/site\/upanizza\/research\/too-much-finace\/abp_19a.pdf?attachauth=ANoY7crxbXS8OQcbxSz-3YLeHqkNYtmEPq3UJknl82lat7FFh0AQJpKF_pCKWDuQ5UDoI3FF-AhyeW99FahcsP-2rY4B7_QBCZhXVID5wAXxI8mnzq5tck1GoNpK27TxBnlm4hHpC5jSrQHG218YBkN-JS0sMq20yVs0CCeO9Bri82-aU5GW1MLk2gseEP7jxY1necuT9UV15-kO7hD_DnM5YpJ1p2D6cBNcIulH7dR7SzJ74WQ3QJE%3D&amp;attredirects=1\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arcand,\u00a0Jean-Luis, Berkes,\u00a0Enrico\u00a0&amp; Panizza,\u00a0Ugo. Over the last three decades the US financial sector has grown six times faster than nominal GDP. This\u00a0paper argues that there comes a point when the financial sector has a negative effect on growth \u2013 that is, when credit to the private sector exceeds 110% of GDP. It shows that, of the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[27],"class_list":["post-449","post","type-post","status-publish","format-standard","hentry","category-33","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=449"}],"version-history":[{"count":13,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/449\/revisions"}],"predecessor-version":[{"id":1025,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/449\/revisions\/1025"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}