This paper presents a general equilibrium endogenous growth model, in which financial intermediaries evaluate the quality of projects, mobilize savings to finance the most promising ones and diversify risk. Information technology available to banks is linked to geographic proximity. This...

This paper presents an extension of Lucas' model of endogenous growth with human capital, showing some linkages with financial intermediation. The model offered in this paper does not imply a univocal relationship between the rates of inflation and economic growth, but it bears an explicit...