Fink, Gerhard; Haiss, Peter R.; Hristoforova, Sirma - 2007
the aggregate bond market development and economic growth in the USA, Japan, Germany, Great Britain, Italy, France and the … the financial markets is supported only for Germany. A feedback between domestic credits and output is found in Japan …We use annual real GDP and the volume of the bond, stock and credit markets to assess the causal relationship between …