official authorities for various reasons, in financial development convergence. Using panel data from 156 countries over the … development convergence weakens, and eventually can turn out to be divergence. This finding suggests that policies addressing … show that higher informality is also associated with weaker income convergence across countries over time. …

by the Financial Development and Structure Database of the World Bank. The findings consistently reveal: (i) positive …

financial systems), efficiency (banking and financial systems), activity (banking and financial systems) and size, play out in …

-crisis period. Fourth, the net effect from the: pre-crisis period is lower on money supply and banking system efficiency; post …

dimensions identified by the Financial Development and Structure Database of the World Bank. The findings consistently reveal: (i …