The purpose of this research paper is to examine the effect of bank capital on liquidity creation. Especially, we test two competing hypotheses: the “risk absorption” hypothesis and the “financial fragility-crowding out” hypothesis that describes such association in the context of UK and...

The aim of this paper is to examine the effect of financial development on economic growth volatility in a sample of 50 developing countries from 1960 to 2016. Since previous studies on such association provide mixed and inconclusive results, we employ a semi-parametric panel fixed-effects...