Mercer’s Responsible Investment Update

Ethical MarketsSRI/ESG News

ISSUE 22 – BACK TO BASICS EDITION Dear Responsible Investment subscriber, We are pleased to share with you the latest edition of our Responsible Investment Update, a global review highlighting important new resources and reports about integrating environmental, social and corporate governance (ESG) considerations into investment decision-making processes. This month, …

Too Much Finance?

Ethical MarketsReforming Global Finance, Reports You Need

by Jean-Louis Arcand, Enrico Berkes and Ugo Panizza This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be “too much” finance. In particular, our results suggest that …