Financing Europe's fast movers

by Thomas Philippon and Nicolas Véron on 19th January 2008

This policy brief deals with the link between corporate finance and growth. The discussions about structural reform in Europe, including the EU‘s Lisbon strategy, put a legitimate emphasis on labour and product market reforms, but often overlook the role of the financial system in fostering expansion. Thomas Philippon and Nicolas Véron analyse this gap and outline a number of possible policy responses.

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