BIS Working Paper No 381; SG Cecchetti, E Kharroubi (2015), Why does financial sector growth crowd out real economic growth? BIS Working Paper No 490. 9  AR Dombret (2016) More More painkillers, please? Why more finance is the wrong medicine or our growth problem.
Keynote remarks delivered in Armonk, New York on 8 April 2016 at the Harvard Law School Symposium on Building the Financial System of the 21st Century: An Agenda for Europe and the US. BIS central bankers’ speeches  3  efficiency of a financial system – but that’s what further development of an already advanced economy is about.