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a large amount of bank loans to local governments through the local government financing vehicles (LGFVs). This allows … form of higher loan to GDP ratio leads to lower economic growth rate. We find that discrimination in bank lending, housing …
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financial development has been constructed using principal component analysis technique by including banking sector development … the financial sector as either banking sector development or stock market development. However, the present study includes … all four areas of finance (banking sector development, stock market development, insurance sector development and bond …
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