Showing 1 - 10 of 238
Persistent link: https://www.econbiz.de/10010523930
Persistent link: https://www.econbiz.de/10001634154
Persistent link: https://www.econbiz.de/10010255497
Persistent link: https://www.econbiz.de/10009566439
Persistent link: https://www.econbiz.de/10009678495
Financial systems all over the world have grown dramatically over recent decades. But is more finance necessarily … intermediation, on the one hand, and GDP per capita growth and growth volatility, on the other hand. Based on a sample of 77 … countries for the period 1980-2007, we find that intermediation activities increase growth and reduce volatility in the long run …
Persistent link: https://www.econbiz.de/10013103381
Financial systems all over the world have grown dramatically over recent decades. But is more finance necessarily … intermediation, on the one hand, and GDP per capita growth and growth volatility, on the other hand. Based on a sample of 77 … countries for the period 1980-2007, we find that intermediation activities increase growth and reduce volatility in the long run …
Persistent link: https://www.econbiz.de/10013099169
This paper discusses the different functions that capital markets and banks have in economic development, and it reviews the debate about marketbased vs. bank-based financial systems. Using data for a sample of 40 countries over the period 1975-98, the paper then shows that variation in both...
Persistent link: https://www.econbiz.de/10011498528
Analysis of a panel data set for 1976-98 shows that on balance stock markets and banks positively influence economic growth; findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects
Persistent link: https://www.econbiz.de/10010523965
Persistent link: https://www.econbiz.de/10001910924