BIS central bankers’ speeches  3  and the recent crisis has underlined the importance – in social welfare terms – of filling this gap sooner rather than later and drawing from it more powerful policy designs.
Turning to the facts and figures of all this, let me first stress the important caveat of measurement issues when speaking about the link between finance and growth. Even the size of the financial sector in a given country is not easy to characterise, let alone to measure.