Today, the PCB are a very important social alternative because they are based upon the development of their members and the community unlike banks, based over the profitability. However, in Mexico they have a bad reputation because of cases reported in the last decades of abuse and fraud to its...

In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...