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We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of … find that the introduction of free banking laws stimulated the creation of new banks and led to more bank failures. Our … empirical evidence indicates that states adopting free banking laws experienced an increase in output per capita compared to the …
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Islamic banks (IBs) have a significant role in the growth of gross domestic product of the developing countries. The Islamic participatory schemes integrate the assets of lenders and borrowers. They allow enable IBs to lend on a longer term basis to create projects with higher risk-return...
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Background: Banking is an important sector of Pakistan’s economy. It is general consideration that bank’s major … activities of banking sector that are saving and lending don’t have any long run or short run causality towards economic growth … unidirectional causality running from GDP growth to credit provided by banking sector which shows that economic prosperity or …
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