This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission proc

"The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Mor

This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the pri

How important is financial development for economic development? A costly state verification model of financial intermediation is presented to address this ques

This collection brings together a collection of theoretical and empirical findings on aspects of financial development and economic growth in developing countri