Loayza, Norman; Rancière, Romain - 2002
financial depth as measured by, for instance, private domestic credit and liquid liabilities (e.g., Levine, Loayza, and Beck … credit, are among the best predictors of crises and their related economic downturns (e.g., Kaminski and Reinhart 1999). This … effects of domestic credit aggregates on economic growth. Working with a panel of cross-country and time-series observations …