Finance and Growth: Understanding the Switch from “Virtuous” To “Bad” Cycles in the Finance-Growth Relationship

this working paper has been presented at the following conferences:
- 18th Annual Workshop on the Economic Science with Heterogeneous Interacting Agents (WEHIA), Reykjavik University, 20th – 22nd June 2013, Reykjavik, Iceland.
- 25th annual EAEPE conference, Université Paris Nord 13, Campus of Bobigny, 7-9 November 2013, Paris (France).
- New Economic Thinking for an Evolving Financial System, 1-2 November 2014, De Nederlandsche Bank, Amsterdam (Netherland).
- ­Warwick Summer Workshop in Economic Growth, 7th -11th July 2014, Department of Economics and CAGE, University of Warwick, Warwick (UK).