Cull, Robert; Haber, Stephen; Imai, Masami - Economics Research, World Bank Group - 2011
Does related lending have positive or negative effects on the development of banking systems? This paper analyzes a … lending tends to retard the growth of banking systems when rule of law is weak, while it tends to promote the growth of … banking systems when rule of law is strong. They also find that related lending appears to be associated with looting when …