Published on Wednesday, June 15, 2005 | Updated on Wednesday, May 21, 2014
Finance for Growth: Does a Balanced Financial Structure Matter?
Summary
In this paper we explore empirically a long-standing question in the literature on finance for growth, namely whether the financial structure –in terms of the size of the banking system relative to the capital markets– matters for economic growth.
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- Banks
- Macroeconomic Analysis
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Authors
AG
Alicia García-Herrero
LC
Lucía Cuadro-Sáez