Intermediation by Banks and Economic Growth: A Review of Empirical Evidence
This paper provides a review of empirical research on the link between financial intermediation by banks and economic growth. Special attention is paid to the issues of causality, non-linearity, time perspective, financial intermediation proxies, and interaction terms. The review shows that there ar...
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| Format: | Article |
| Language: | English |
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Institute of Public Finance
2009-06-01
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| Series: | Financial Theory and Practice |
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| Online Access: | http://www.ijf.hr/eng/FTP/2009/2/badjun.pdf |