concerned about being induced to finance bad risk projects when conditions deteriorate. A monopoly bank provides the socially … schlechten Projekte zu finanzieren. Eine monopolistische Bank leistet die sozial-optimale Auswahl guter Risiken, aber die …

We summarize the major findings of empirical studies that examine the effect of banking development on innovation and … innovation. We reassess the effect of banking development and innovation, extending the scope of analysis to more granular … dimensions of innovation and to Asian economies where financial markets are less developed. We find that while theoretical …