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| Tatyana Zhuravleva |
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| ''Financial sector: does size matter?'' |
| ( 2013, Vol. 33 No.3 ) |
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| Huge empirical literature suggests the strong positive relationship between economic growth and size of financial sector. We document that this relationship is not robust, while the efficiency of financial sector measured by interest rate spread is strongly related to current and subsequent economic growth. |
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| Keywords: financial sector efficiency, interest rate spread |
JEL: E4 - Money and Interest Rates: General
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| Manuscript Received : Oct 14 2012 | | Manuscript Accepted : Aug 02 2013 |
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