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. We build upon the existing literature by constructing a new measure of the "balancedness" of the financial structure …

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence … countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and …

deposits causes a preferential growth of banks with a fitness determined by the competitive advantage to attract permanent … of scale leading to a Pareto tail. The model suggests that the liberalization of the banking system in the last decades …

analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of …

This paper studies the remittances' effect on economic growth. Using panel data techniques, the authors estimate … stimulate growth only when they are invested. Moreover, empirical results suggest that remittances can enhance growth by … encouraging human capital accumulation. Human capital is therefore an effective channel through which remittances stimulate growth …

economic growth. The key issues of the modern theories of the finance-growth nexus are discussed and the theories are … as the finance-growth nexus in resource rich economies. The challenges this research program is facing are also …