This paper provides a survey of the recent progress in the literature of financial development
and economic growth. The survey highlights that most empirical studies focus on either …

Abstract Manuscript Type Review Research Question/Issue Using a systematic literature
review approach, we survey 192 cross‐national comparative studies published in 23 …

This paper reviews, appraises, and critiques theoretical and empirical research on the
connections between the operation of the financial system and economic growth. While …

We propose a more complete conceptual framework for analysis of SME credit availability
issues. In this framework, lending technologies are the key conduit through which …

Countries differ in the way their financial activities are organized. In Anglo-Saxon countries
such as the US and the UK financial systems are dominated by stock markets, whereas in …

This paper contributes to the existing literature by investigating the impact of revenue
diversification on bank performance through a broad array of financial reforms, including …

Given the importance of financial intermediation and the rise of globalization, there is little
prior research on how national preferences for financial intermediation (markets versus …

Countries that cannot attract foreigners to invest in their local currency bonds run the risk of
currency mismatches that can result in painful crises. We analyze foreign participation in the …

Credit risk management in banks has become more important not only because of the
financial crisis that the world is experiencing nowadays but also the introduction of Basel II …

This paper investigates how the structure of a financial system—whether it is bank or market-
oriented—affects economic growth. In contrast to earlier research, which indicates that the …