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- W3139706088 abstract "We develop a new model that links capital market imperfection to banking emergence and economic growth. It is shown that the banking system emerges endogenously after a first stage of slow economic growth. Interestingly, economic growth increases after the emergence of banking but remains under its potential level. This is due to a credit rationing brake which decreases progressively as the economy develops. Another finding is that a reduction of credit market imperfection reduces the credit rationing stage." @default.
- W3139706088 created "2021-04-13" @default.
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- W3139706088 date "2010-01-01" @default.
- W3139706088 modified "2023-09-27" @default.
- W3139706088 title "Banking, Credit Market Imperfection and Growth" @default.
- W3139706088 hasPublicationYear "2010" @default.
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