Asongu, Simplice A. - In: Institutions and Economies (formerly known as … 6 (2014) 3, pp. 92-116
to effect policies that favour the development of financial intermediary depth, activity and size. Democracy has … promoting financial development when compared with autocracies. Once democracy is initiated, it should be accelerated (to edge … out the appeals of authoritarian regimes) to reap the benefits of level and time hypotheses in financial development. …