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ability of banks to intermediate funds. An improvement in bank efficiency spurs five times more regional growth than does an …
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observe a significant impact on most of the fronts. MFIs’ participation increases overall savings (total bank deposits) and …
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We test whether output growth in European economic agglomeration regions depends on financial development. To this end we suggest a relative measure of the quality of financial institutions rather than the usual quantity proxy of financial development. In order to measure the quality of...
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