Cuadro-Sáez, Lucía; García-Herrero, Alicia - In: Revue économique 59 (2008) 6, pp. 1075-1096
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...