Given ongoing financial disintermediation and the need for central banks to establish interest rate corridors, commercial banks have increasingly enriched their asset allocation choices, forming an allocation pattern that combines traditional credit assets (loans) and financial assets (interbank...

This paper explores the relationship between manufacturing and growth rate in recent years. We undertake a simple cross-country analysis using UN data. When controlling for variables relevant to growth, we find no significant relationship between the two variables. We argue that manufacturing...