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Financial sectors, systemic risk and economic fluctuations

Begin
End
Agency
GACR
Identification Code
GA16-09190S
Project Focus
teoretický
aplikační
Project Type (EU)
other
Publications ÚTIA
Abstract
This project extensively examines the effect of financial sector development and financial risks on both long-term economic growth as well as short-term economic fluctuations during the current financial crisis. First, we extend previous research on the effect of financial development on economic growth by considering multidimensionality of financial system in a fuller manner and by employing the Bayesian model averaging techniques. We will be able to say whether the stability, access, depth or efficiency of financial markets matter for growth. In addition to examining the effect of finance on long-term growth, we will investigate the effect of finance on income inequality.
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