This paper investigates the relationship between financial development and income inequality by taking the role of individuals' talent into account. We measure talent using the direct observations of individuals’ achievements before entering the labor force by using the Program for...

This study provides evidence on the role of financial development in accounting for economic growth in low-, middle-, and high-income countries. Using panel data from 1991 to 2011, we conduct panel regression to examine whether the relationship between banks, stock markets, and economic growth...

This paper aims to investigate whether the banking and stock market measures among European Union countries have been subject to a convergence process in order to verify whether the transition from the European Monetary System to the Single Currency in the last five decades have led to the...