Series: IMF Working Papers
Author(s): Pablo Guidotti , and Jose De Gregorio
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1992
Keywords: financial intermediation, financial markets, financial repression, financial innovation, financial system
This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of GDP. We find that th...