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This paper investigates the effect of bank competition and financial stability on economic growth by examining panel …-data from 38 European countries over 2001 to 2017. Bank competition is measured with the Boone indicator, and bank stability … outcomes show that lower banking competition supports economic growth and increases financial stability. This study provides a …
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theories of competition, to show the process by which trust-promoting, societal-level moral codes promote productivity and …
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"The success of an economy to adapt quickly, flexibly and effectively to the demands of the changing international economic environment can only be investigated using the achievements of other national economies or regions as a benchmark. This book analyzes the fundamental factors of...
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Using a novel database of domestic financial reforms in 90 countries from 1973 to 2014, we document that global financial liberalization followed an S-curve path: reforms were slow and gradual in early periods, accelerated during the 1990s, and slowed down after 2000. We estimate a learning...
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