期刊名称：Journal of Emerging Trends in Economics and Management Sciences
电子版ISSN：2141-7024
出版年度：2014
卷号：5
期号：7
页码：115-120
出版社：Scholarlink Resource Centre
摘要：In the last century, mostly countries promote the sustainable financial development for enhancing economic growththrough lowering the governmental inventions in financial sector. This paper portrays the impact of financialdeepening on positive and negative perspectives however it may severely affect developing economies as compared todeveloped economies. Although financial deepening provides many positive outcomes to economies like enhancing thehiding costs, efficiency of transforming savings into investments, heightening the official governmental policiesthrough deregulating credits, strengthening restrains interest rate, price mechanisms as well as improving marketcompetition; but sometimes excess financial deepening may leads to negative outcomes like restraining the financialmarkets to be efficient, reducing the profit margin and increased financial fragility of banks and may create financialcrises if excessive risks is taken in presence of increased competition. It provides recommendations for eliminating itseffects and enhances the sustainable development,in both developed and developing economies
Loading...
