BIS Working Papers No 381 Reassessing the impact of finance on growth by Stephen G Cecchetti and Enisse Kharroubi Monetary and Economic Department July 2012 JEL classification: D92, E22, E44, O4 Keywords: Growth, financial development, credit booms, R&D intensity, financial dependence BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank…
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