{"id":463,"date":"2011-04-06T16:18:57","date_gmt":"2011-04-06T14:18:57","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=463"},"modified":"2011-05-12T23:28:19","modified_gmt":"2011-05-12T21:28:19","slug":"too-much-finance-2","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/too-much-finance-2\/","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 column 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>Voxeu<\/p>\n<p><a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/6328\" 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 column 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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[27],"class_list":["post-463","post","type-post","status-publish","format-standard","hentry","category-39","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/463","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=463"}],"version-history":[{"count":5,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/463\/revisions"}],"predecessor-version":[{"id":465,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/463\/revisions\/465"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}