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The role of the financial sector in enhancing economic growth in the Lao People’s Democratic Republic
- Source: Asia-Pacific Development Journal, Volume 22, Issue 1, апр. 2016, p. 67 - 98
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- 27 апр. 2016
Abstract
The financial sector of the Lao Peoples Democratic Republic has been developing rapidly in recent years in terms of financial depth, intermediation and distribution. A developed financial sector is the basis for dynamic economic growth. Yet, unsustainable financial liberalization and growth poses risks to financial sector stability. The present report scrutinizes the role of the financial sector in enhancing economic growth in the Lao Peoples Democratic Republic and aims to answer the question of adequate financial sector supervision with respect to the economys development. It is argued that only a prudentially supervised financial sector can enhance the economic growth performance of the country in the medium and long term.
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