Fidrmuc, Jarko; Fungácová, Zuzana; Weill, Laurent - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2015
, we empirically investigate whether bank liquidity creation fosters economic growth in a large emerging market, Russia. We … follow the methodology of Berger and Bouwman (2009) to measure bank liquidity creation using a rich and exhaustive dataset of … for Russian regions in the period 2004–2012. Our results suggest that bank liquidity creation fosters economic growth …