, through minimum ratification thresholds (MRTs), and depth are jointly determined when domestic ratification incentives are … political-economy foundation for the breadth-depth trade-off and offers a novel perspective on free riding that operates through …

This paper revisits the "too much finance" hypothesis by reassessing the relationship between financial depth and … depth is growthenhancing at low and moderate levels but exhibits diminishing returns and eventually becomes negative at high …

also based on a descriptive approach in addition to in-depth interviews with the main stakeholders of the financial …