​We examine the effect of finance on long-term economic growth using Bayesian model averaging to address model … uncertainty in cross-country growth regressions. The literature largely focuses on financial indicators that assess the financial … stability and efficiency of financial markets. Once we subject the finance-growth regressions to model uncertainty, our results …

This paper examines the fundamental relationship between retail payments and overall economic growth. Using data from … payments stimulates overall economic growth, consumption and trade. Among different payment instruments, this relationship is … growth is more pronounced in euro area countries. Our findings are robust to different regression specifications. The study …

This paper examines the fundamental relationship between retail payments and overall economic growth. Using data from … payments stimulates overall economic growth, consumption and trade. Among different payment instruments, this relationship is … growth is more pronounced in euro area countries. Our findings are robust to different regression specifications. The study …