We provide a framework to interpret the recent literature on financial development and
inequality. In many developing countries, access to funding and financial services by firms …

We conduct a meta‐analysis of the literature of financial development and economic growth.
We cover a large number of empirical studies and estimations that have been published in …

This paper examines the impact of political institutions on bank risk-taking behavior. Using
an international sample of banks from 98 countries over the period 1998–2007, I document …

At first glance, the modern history of the global economic system seems to support the long-
held view that the leading world power's currency—the British pound, the US dollar, and …

How the rise of globalization over the past two centuries helps explain the income gap
between rich and poor countries today. Today's wide economic gap between the …

It is hypothesized that a well-functioning financial market is necessary but not sufficient
condition to achieve the expected economic growth. Therefore, policy instruments of …

What role does finance have in the development of market-based economies? Early on,
politicians and economists alike emphasized the importance of the financial system for the …

While financial development and corruption control have been studied extensively, their
interaction has not. We develop a simple model in which low corruption and financial …

This paper aims to survey existing research on financial development and economic growth,
highlighting the theoretical models and evidence from recent empirical work. Emphasis is …

We examine the impact of financial sector FDI (FSFDI) on economic growth via the efficiency
channel. We estimate a panel data model for 11 Central and Eastern European countries in …