Benczúr, Péter; Karagiannis, Stylianos; Kvedaras, … - 2017
There is growing evidence that the impact of financial development on economic growth might be non-linear and hump … study shows that the finding of a non-linear, hump-shaped impact of financing on economic growth is robust to controlling …, while credit to households a negative impact on growth, even after allowing for non-linearities. (3) Debt-securities and …