Nini, Gregory P. - Federal Reserve Board (Board of Governors of the … - 2004
established a link between banking
sector size and the economic progress of nations, providing empirical support that banks …’
unique value is important enough to affect macroeconomic outcomes (Levine, Loayza, and
Beck 2000 provides a review).
The ….
Third, the evidence offers fresh support for an important role for banks in economic
growth. Since financial development is …