Economic Growth
Financial development can actually hinder growth at a certain point
Recent research suggests a point beyond which the benefits of financial development diminish, and further development can even hurt growth.
Ashoka Mody
Ashoka Mody is Charles and Marie Robertson Visiting Professor in International Economic Policy at the Woodrow Wilson School, Princeton University. Previously, he was Deputy Director in the International Monetary Fund’s Research and European Departments. He was responsible for the IMF’s Article IV consultations with Germany, Ireland, Switzerland, and Hungary, and also for the design of Ireland\'s financial rescue program. Earlier, at the World Bank, his management positions included those in Project Finance and Guarantees and in the Prospects Group, where he coordinated and was principal author of the Global Development Finance Report of 2001. He has advised governments worldwide on developmental and financial projects and policies, while writing extensively for policy and scholarly audiences.
Most Popular
Economic Growth
Are we misreading the warning signs in financial markets?
Ashoka Mody argues we should be paying more attention to the current stockmarket turmoil.
Financial and Monetary Systems
The ECB vs the Federal Reserve: Different reactions to the Great Recession
A comparison of the Federal Reserve and the ECB's monetary policy responses to the crisis.
Equity, Diversity and Inclusion
Why Greece needs up-front debt relief
Economic Growth
Can India protect itself from economic turmoil?
Financial and Monetary Systems
Which are Europe’s troubled banks?
Financial and Monetary Systems
Are the Eurozone’s small and medium-sized banks still vulnerable?
Economic Growth
Why education is the key to a better future for Delhi’s children
Financial and Monetary Systems
How Greek debt relief would create risk for Germany
Geographies in Depth
What does the IMF’s Greek defence tell us?
Geo-Economics and Politics
Did politics defy economics when it came to the Euro?
Geo-Economics and Politics
What Greece needs, according to IMF research
Geo-Economics and Politics
Is the UK about to reshape Europe’s future again?
Financial and Monetary Systems
Should the IMF write off Greece’s debt?
Economic Growth