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Our research as well as that by other authors has found scale economies at all sizes of banks and the largest scale economies at the largest banks – that is, larger banks are able to provide products at lower average cost than smaller banks. While the earlier literature found that scale...
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Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …
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economically significant effect of higher mean cost efficiency for economic growth, suggesting that the interaction between better … effects of deepening capital markets are only significant beyond a certain efficiency threshold of approximately 70 percent …
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