Policy Brief
Financing Europe's fast movers
This policy brief deals with the link between corporate finance and growth. The discussions about structural reform in Europe, including the EUs 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.
Authors
Thomas Philippon
Professor of Finance at New York University, Stern School of Business
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