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-whether financial intermediation is performed through banks or markets-for macroeconomic volatility, against the backdrop of increased … volatility. Expanding the sample to 121 developing countries confirms this result, although this role of shock-absorber fades …
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The relationship between financial development and economic growth in China is controversial. From this perspective … capitalization has a positive impact on economic growth in China. Regarding the contribution of the banking system to China …
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