of information asymmetries and weak institutions creates scope for such banks to play a growth-promoting role. We present …-2007 government ownership of banks has been robustly associated with higher long run growth rates. Moreover, we show that previous … results suggesting that government ownership of banks is associated with lower long run growth rates are not robust to …

Competition is claimed to be beneficial in development projects promoting micro and small enterprise finance although … new light on this important issue in development finance. We employ a unique dataset from the Small Business Department of …

Informed capital is a crucial ingredient to a well-functioning market for start-up finance, especially in times of … not yet been answered. To fill this gap, we conduct a survey among German suppliers of start-up finance. We find … Business Angels are the key providers of informed capital in the German market for start-up finance. …

growth found that an exogenous component of financial system development causes economic growth, is a good predictor of … growth and that its growth impact is relatively large. In addition, the empirical literature on banking crises predicts that … their adverse effects on economic growth will rise in the absence of an adequate response by the government. Given these …

for growth; our results suggest that remittances are not providing the boost needed in human capital to promote …