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Using a survey dataset of Chinese rural households, we find that access to external finance is positively associated … informal finance, especially financing from friends and family, is positively associated with sales growth of microenterprises … with employees, but not of self-employed. We do not find any significant relationship between the use of formal finance and …
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of Kenya's banking system, using aggregate, bank-level, and survey data. Banks' asset quality and liquidity positions …
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This paper discusses Islamic banking products and interprets them in the context of financial intermediation theory …
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This paper examines the evolving importance of banks and securities markets during the process of economic development. As economies develop, they increase their demand for the services provided by securities markets relative to those provided by banks, such that securities markets become...
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