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In development economics, growth in credit is generally associated with faster long-run growth as financial intermediation improves the efficiency of channeling capital to productive investment. Yet, among developing countries high growth in credit almost always guarantees the outbreak of a...
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In development economics, growth in credit is generally associated with faster long run growth as financial intermediation improves the efficiency of channelling capital to productive investment. Yet, among developing countries high growth in credit almost always guarantees the outbreak of a...
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