EU countries panel fail to support the bank-led growth hypothesis. However, stock markets are reported as weak but …, the credit allocation process and the banking competition in order for the financial system to promote EU's economic …

heterogeneity of banking risk determinants. I examine the implications of bank leverage that manifest itself as spreading and …

increase long-term growth: competition and the quality of education. We find empirical evidence that if accession countries … from the transition region want to achieve – and sustain – higher growth rates they will need to ensure competition by … continuing to remove entry and trade barriers and by strengthening competition agencies. We also find evidence on the positive …