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This paper aims to explore the effect of financial innovation on economic growth in 28 transition countries from 2004 to 2021. Financial innovation is categorized based on the structure of the financial system, including commercial banks, non-commercial banks and financial markets. By applying...
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Analyses of zombie firms have emphasised the role of bank financing as the reason for zombie survival. This conclusion … between zombie survival and bank financing; this result is robust to various measurement and specification issues. Instead, a …
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of bank failure is sufficiently large, the surplus as well. Our results in overall highlight the need to take into …
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