Transforming economies through finance: can we avoid excessive financialisation?
Event at the Civil Society Policy Forum of the IMF/World Bank Spring Meetings April 2014, discussing the role of the financial sector in transforming low-income economies.
The role of the financial sector is often regarded as critical in transforming economies. Many countries, especially low-income ones, are characterised by a low scale in terms of depth and efficiency of the sector, implying insufficient credit to the private sector, including SMEs and long-term finance; in others, it is poorly regulated, posing risks for financial stability.
When is lack of financial sector depth the constraint and when are countries too financialised? How can countries avoid a situation whereby finance comes in only two forms: famine or feast? How can finance contribute to inclusive growth and transformation, whilst ensuring financial stability?
International financial sector experts came together at this special event as part of the Civil Society Policy Forum of the IMF/World Bank Spring Meetings April 2014.
For more details, visit the ODI events page.