Development and efficiency of banking and economic growth in Central and Eastern Europe
In an endogenous growth framework, well developed and efficient financial system can promote economic growth. A number of empirical studies confirmed this hypothesis. Since the financial systems of transition countries are dominated by banks, in this paper we analyze the importance of banking indust...
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Format: | Article |
Language: | English |
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Editura Fundatiei Romania de Maine
2010-06-01
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Series: | Annals of Spiru Haret University Economic Series |
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Online Access: | http://anale.spiruharet.ro/index.php/economics/article/view/485 |