Bot Food

IMF Direct: In our new study, we emphasize that the most commonly used indicator—bank credit—is not sufficient to measure the size and scope of a country’s financial development. We create a comprehensive index for over 170 countries to answer several policy questions from the perspective of emerging markets.

What we mean by “too much finance”
We measure financial development by a combination of three elements:

• Depth – the size and liquidity of financial institutions and markets;

• Access – the ability of individuals to access financial services; and

• Efficiency – the ability of institutions to provide financial services at low cost and with sustainable revenues, and the level of activity of capital markets.

The “too much finance” effect reflects primarily the impact of a country’s financial development on total factor productivity growth. High financial development does not impede capital accumulation. However, it leads to a loss of efficiency in investment. This suggests that the quality of finance—for instance, allocation of financial resources toward productive activities—begins to decline.

See, the IMF has made a finace dictionary which Bots can use.  So we keep improving this dictionary, by using and clicking on it, and we let the Bots roam the speeches and text from the new in various countries.  Scare the shit out of politicians.