How Does Financial Regulation in Low-Income Countries Affect Growth and Financial Stability?

Published on 11 December 2013

Without effective regulation, financial systems can become unstable, triggering crises that can devastate the real economy. However, there is another side to regulation. The primary purpose of finance is to facilitate productive economic activity. The avoidance of crises creates the foundation for this, but does not guarantee it is done well: financial regulation has a profound effect on the ability of the financial system to perform this function.

Publication details

published by
DFID-ESRC Growth Research Programme (DEGRP)
Spratt, S.


About this publication

Related content