that enables the bank credit manufacturing process. In this way, all the banks become interdependent on the flow of … inter-bank clearing and credit arrangements provide this coordination at the inter-bank level, which is effectuated through … agents in the economy over time and space; they increase the money base through credit creation; they hold fractional …

tend to test this hypothesis and explore whether financial innovation crowd out consumer and corporate credit creation and … innovation (measured by off-balance sheet items as a percentage of total assets), affect bank growth (increase in deposits & net … that financial innovation crowds out credit creation. At the same time, its effect on investment seems to be significant …