Financial sector: does size matter?

Tatyana Zhuravleva

Economics Bulletin, 2013, vol. 33, issue 3, 1991-2000

Abstract: Huge empirical literature suggests the strong positive relationship between economic growth and size of financial sector. We document that this relationship is not robust, while the efficiency of financial sector measured by interest rate spread is strongly related to current and subsequent economic growth.

Keywords: financial sector efficiency; interest rate spread (search for similar items in EconPapers)
JEL-codes: E4 (search for similar items in EconPapers)
Date: 2013-08-02
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