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The offerings of financial products to investors have evolved considerably over the last decades. This study was undertaken to understand the importance of financial products in Portugal for banks and private clients. Different financial products can provide to banks an important role on their...
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This paper examines the causal relationship between both bank-based and market-based financial development and … accelerator-enhancing relationship. To accommodate the accelerator-enhancing relationship, the indicators for bank-based and … the autoregressive distributed lag bounds testing approach. For both models, results indicate that both bank-based and …
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