Intermediation by Banks and Economic Growth: A Review of Empirical Evidence

This paper provides a review of empirical research on the link between financial intermediation by banks and economic growth. Special attention is paid to the issues of causality, non-linearity, time perspective, financial intermediation proxies, and interaction terms. The review shows that there ar...

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Bibliographic Details
Main Author: Marijana Bađun
Format: Article
Language:English
Published: Institute of Public Finance 2009-06-01
Series:Financial Theory and Practice
Subjects:
Online Access:http://www.ijf.hr/eng/FTP/2009/2/badjun.pdf