Many academics as well as global monetary institutions like IMF and BIS have concluded tha...

Many academics as well as global monetary institutions like IMF and BIS have concluded that when financial sector gets big, it starts hurting economic development. As finance starts having adverse effect the role of the capital markets and the banking sector in funding new investment is decreasing. Write a short essay (1-2 pages) about the role of financial sector, and start it with a personal view by highlighting the benefits/drawbacks that you’ve experienced. Then discuss positive and negative macroeconomic aspects that the financial innovation or too big financial sector can bring about. Evaluate the role of finance in modern society to conclude the essay.

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