matter for the relative merits of bank-based and market-based financial systems. Market-based systems work better in low rule … of law countries, while bank-based systems are more efficient in high-rule of law countries. These results are consistent … with the premise that market-based systems’ superiority in solving the incomplete information problem dominates over bank …

This paper takes the finance-growth nexus further by looking at the relationship between bank competition, financial … innovations and economic growth in Ghana. The paper also aimed at finding the causality among bank competition, financial … between bank competition, financial innovations and economic growth was established through the framework of the endogenous …

control for banks' financial strength. Our results challenge the idea that bank credit fosters economic growth and that …