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Footnotes:
1.
R Levine (2005), Finance and Growth: Theory and Evidence, Handbook of Economic
Growth.
2.
D Rodrik & A. Subramanian (2009). Why Did Financial Globalization Disappoint? In:
IMF Staff Papers, 56(1): 112-138; ES Prasad & RG Rajan (2008) A Pragmatic Approach
to Capital Account Liberalization. In: The Journal of Economic Perspectives, 22(3) 149-
172.
3.
A Turner (2015), Between Debt and the Devil: Money, Credit, and Fixing Global
Finance, Princeton University Press.
4.
C M Reinhart & K S Rogoff (2008), This Time is Different. Eight Centuries of Financial
Folly, Princeton University Press.
5.
J L Arcand, E Berkes and U Panizza (2015), Too much finance? Journal of Economic
Growth, 20(2): 105-148; European Systemic Risk Board (2014), Is Europe Overbanked?
Report of the Advisory Scientific Committee No 4/June 2014; SG Cecchetti, E
Kharroubi (2012), Reassessing the impact of finance on growth. BIS Working Paper No
381; SG Cecchetti, E Kharroubi (2015), Why does financial sector growth crowd out
real economic growth? BIS Working Paper No 490.
6.
Practical men who believe themselves to be quite exempt from any intellectual influence,
are usually the slaves of some defunct economist. Madmen in authority, who hear voices
in the air, are distilling their frenzy from some academic scribbler of a few years back
[…]” (JM Keynes (1936), The General Theory of Employment, Interest and Money.
Macmillan, p 383).
7.
R Hausmann, D Rodrik & A Velasco (2005) In: N Serra & J Stiglitz (Eds) The
Washington Consensus Reconsidered: Towards a New Global Governance, Chapter 15:
324-355; D Rodrik (2005) Growth strategies. In: P Aghion & SN Durlauf (Eds)
Handbook of economic growth, Volume 1, Part A, Chapter 14: 967-1014.
8.
ES Prasad & RG Rajan (2008) A Pragmatic Approach to Capital Account Liberalization.
In: The Journal of Economic Perspectives, 22(3) 149-172.
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