We use annual real GDP and the volume of the bond, stock and credit markets to assess the causal relationship between the aggregate bond market development and economic growth in the USA, Japan, Germany, Great Britain, Italy, France and the Netherlands over the 1950 to 2001 period. The...

We investigate the role of leasing in the lending boom in Central and South Eastern Europe (CEE and SEE). We contribute by (1) providing a full picture of the financing situation in Eastern Europe, where leasing plays a more important role than elsewhere; (2) by investigating the...