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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA)
Barradas, R. (2015). Evolution of the Financial Sector – Three Different Stages: Repression, Development and Financialisation. Dinâmia’CET-IUL Working Paper Nº 2015/08. 1-42
Exportar Referência (IEEE)
R. P. Barradas,  "Evolution of the Financial Sector – Three Different Stages: Repression, Development and Financialisation", in Dinâmia’CET-IUL Working Paper Nº 2015/08, Lisboa, pp. 1-42, 2015
Exportar BibTeX
@unpublished{barradas2015_1764999326519,
	author = "Barradas, R.",
	title = "Evolution of the Financial Sector – Three Different Stages: Repression, Development and Financialisation",
	year = "2015",
	url = "https://repositorio.iscte-iul.pt/bitstream/10071/10731/1/DINAMIA_WP_2015-08.pdf"
}
Exportar RIS
TY  - EJOUR
TI  - Evolution of the Financial Sector – Three Different Stages: Repression, Development and Financialisation
T2  - Dinâmia’CET-IUL Working Paper Nº 2015/08
AU  - Barradas, R.
PY  - 2015
SP  - 1-42
DO  - 10.15847/dinamiacet-iul.wp.2015.08
CY  - Lisboa
UR  - https://repositorio.iscte-iul.pt/bitstream/10071/10731/1/DINAMIA_WP_2015-08.pdf
AB  - This paper makes a systematic literature review on the evolution of the financial sector in the
last decades all over the world, but especially in the more developed countries. This evolution
was marked by three different stages, reflecting different impacts of the financial sector on the
real economy and on society. The first stage – financial repression – is characterised by the
existence of several regulations and restrictions on the financial sector, which proved to be
detrimental to support economic growth. This legitimised the financial liberalisation and
deregulation of the financial sector in the recent years, representing the second stage – financial
development. Consequently, there was a strong growth of the financial sector in subsequent
years, originating an excessive financial deepening and casting doubts around the advantages
provided by the financial sector. In fact, excessive financial deepening weakened or reversed the
relationship between savings and investments. The large growth of the financial sector and its
deleterious effects are commonly referred as financialisation, constituting the third stage. The
paper concludes that it is necessary to engage in a fourth stage in the coming years – definancialisation – in order to re-establish a more supportive relationship between the financial sector and economic growth and presents several policy recommendations around this matter.
ER  -