We investigate the growth-finance nexus in an endogenous growth model with search frictions and congestion effects in … credit and innovation markets. The interplay between these two frictions generates a nonlinear relationship between finance … calibration close to the U.S. economy, finance has a negative impact on growth. This effect is quantitatively small- consistent …

discuss the challenges of integrating them into the public sector. The use of fintech in public finance could bring various …