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Citations of
Bruce D. Smith

For current contact information and a more complete listing of works, please see here

The citations below have been collected in an experimental project, CitEc. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.

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Working papers

  1. Bruce D. Smith & Beatrix Paal & Ke Wang, 2005. "Monopoly versus Competition in Banking: Some Implications for Growth and Welfare," 2005 Meeting Papers 435, Society for Economic Dynamics.

    Cited by:

    1. Carlos Gustavo Machicado, 2007. "Growth and Banking Structure in a Partially Dollarized Economy," Development Research Working Paper Series 02/2007, Institute for Advanced Development Studies. [Downloadable!]

  2. Bruce D. Smith & Gianni De Nicoló & John H. Boyd, 2003. "Crisis in Competitive versus Monopolistic Banking Systems," IMF Working Papers 03/188, International Monetary Fund. [Downloadable!]
    Published as:

    Cited by:

    1. Martin Cihák & Klaus Schaeck & Simon Wolfe, 2006. "Are More Competitive Banking Systems More Stable?," IMF Working Papers 06/143, International Monetary Fund. [Downloadable!]
    2. Alejandro Micco & Ugo Panizza, 2005. "Bank Concentration and Credit Volatility," Working Papers Central Bank of Chile 342, Central Bank of Chile. [Downloadable!]
    3. David R. Skeie, 2008. "Banking with nominal deposits and inside money," Staff Reports 242, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    4. Sophocles N. Brissimis & Manthos D. Delis, 2009. "Bank-Level Estimates of Market Power," Working Papers 93, Bank of Greece. [Downloadable!]

  3. Stacey L. Schreft & Bruce D. Smith, 2003. "The social value of risk-free government debt," Research Working Paper RWP 03-02, Federal Reserve Bank of Kansas City. [Downloadable!]
    Published as:

    Cited by:

    1. Joe Haslag & Antoine Martin, 2003. "Optimality of the Friedman Rule in Overlapping Generations Model with Spatial Separation," Working Papers 0306, Department of Economics, University of Missouri. [Downloadable!]
      Other versions:
    2. Joseph H. Haslag & Antoine Martin, 2005. "Optimality of the Friedman rule in an overlapping generations model with spatial separation," Staff Reports 225, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:

  4. Bhattacharya, Joydeep & Guzman, M. & Smith, B.D., 2002. "Some Even More Unpleasant Monetarist Arithmetic," Staff General Research Papers 5084, Iowa State University, Department of Economics.
    Published as:

    Cited by:

    1. Mark G. Guzman, 2006. "The impact of paying interest on reserves in the presence of government deficit financing," Economics & Management Discussion Papers em-dp2006-39, Henley Business School, Reading University. [Downloadable!]
      Other versions:
    2. Stacey Schreft & Bruce Smith, 2008. "The social value of risk-free government debt," Annals of Finance, Springer, vol. 4(2), pages 131-155, March. [Downloadable!] (restricted)
      Other versions:
    3. Marco A. Espinosa-Vega & Steven Russell, 1997. "History and theory of the NAIRU: a critical review," Economic Review, Federal Reserve Bank of Atlanta, issue Q 2, pages 4-25. [Downloadable!]
    4. Joydeep Bhattacharya & Joseph H. Haslag, 1999. "Monetary policy arithmetic: some recent contributions," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q III, pages 26-36. [Downloadable!]
      Other versions:
    5. Marco Espinosa-Vega & Steven Russell, 2001. "Stability of steady states in a model of pleasant monetarist arithmetic," Working Paper 2001-20, Federal Reserve Bank of Atlanta. [Downloadable!]
    6. Stacey L. Schreft & Bruce D. Smith, 2001. "The conduct of monetary policy with a shrinking stock of government debt," Research Working Paper RWP 01-09, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:

  5. Bhattacharya, Joydeep & Huybens, E. & Guzman, M. & Smith, B.D., 2002. "Monetary, Fiscal, and Bank Regulatory Policy in a Simple Monetary Growth Model," Staff General Research Papers 5136, Iowa State University, Department of Economics.
    Other versions:

    Cited by:

    1. Joe Haslag & Antoine Martin, 2003. "Optimality of the Friedman Rule in Overlapping Generations Model with Spatial Separation," Working Papers 0306, Department of Economics, University of Missouri. [Downloadable!]
      Other versions:
    2. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    3. Andrés Felipe Arias, . "The Colombian Banking and Crisis: Macroeconomic Consequences and What to Expect," Borradores de Economia 157, Banco de la Republica de Colombia. [Downloadable!]
    4. Andrés F. Arias, . "Banking Productivity and Economic Fluctuations: Colombia 1998-2000," Borradores de Economia 192, Banco de la Republica de Colombia. [Downloadable!]
    5. Andrés Arias, 2002. "Banking Productivity and Economic Fluctuations: Colombia 1998-2000," REVISTA DESARROLLO Y SOCIEDAD, UNIVERSIDAD DE LOS ANDES-CEDE. [Downloadable!]
    6. Andrés Felipe Arias, 2000. "The Colombian Banking Crisis: Macroeconomic Consequences And What To Expect," BORRADORES DE ECONOMIA 003573, BANCO DE LA REPÚBLICA. [Downloadable!]
    7. Joseph H. Haslag & Antoine Martin, 2005. "Optimality of the Friedman rule in an overlapping generations model with spatial separation," Staff Reports 225, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    8. Andrés Felipe Arias, 2001. "Banking Productivity And Economic Fluctuations: Colombia 1998-2000," BORRADORES DE ECONOMIA 002050, BANCO DE LA REPÚBLICA. [Downloadable!]
    9. Marco Espinosa-Vega & Steven Russell, 2001. "Stability of steady states in a model of pleasant monetarist arithmetic," Working Paper 2001-20, Federal Reserve Bank of Atlanta. [Downloadable!]

  6. James Bullard & Bruce D. Smith, 2002. "Intermediaries and payments instruments," Working Papers 2002-006, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

    Cited by:

    1. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
    2. David Andolfatto & Ed Nosal, 2003. "A Theory of Money and Banking," Macroeconomics 0310003, EconWPA. [Downloadable!]
      Other versions:
    3. Xavier Cuadras Morató, 2005. "Circulation of Private Notes during a Currency Shortage," Economics Working Papers 811, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
      Other versions:
    4. Allen Head & Junfeng Qiu, 2007. "Elastic Money, Inflation, and Interest Rate Policy," Working Papers 1152, Queen's University, Department of Economics. [Downloadable!]

  7. Stacey L. Schreft & Bruce D. Smith, 2001. "The conduct of monetary policy with a shrinking stock of government debt," Research Working Paper RWP 01-09, Federal Reserve Bank of Kansas City. [Downloadable!]
    Published as:

    Cited by:

    1. Joe Haslag & Antoine Martin, 2003. "Optimality of the Friedman Rule in Overlapping Generations Model with Spatial Separation," Working Papers 0306, Department of Economics, University of Missouri. [Downloadable!]
      Other versions:
    2. Edda Claus & Mardi Dungey & Renée Fry, 2008. "Monetary Policy in Illiquid Markets: Options for a Small Open Economy," Open Economies Review, Springer, vol. 19(3), pages 305-336, July. [Downloadable!] (restricted)
      Other versions:
    3. Stacey Schreft & Bruce Smith, 2008. "The social value of risk-free government debt," Annals of Finance, Springer, vol. 4(2), pages 131-155, March. [Downloadable!] (restricted)
      Other versions:
    4. Joydeep Bhattacharya & Joseph H. Haslag & Antoine Martin, 2004. "Heterogeneity, redistribution, and the Friedman rule," Research Working Paper RWP 04-01, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    5. Joseph H. Haslag & Antoine Martin, 2005. "Optimality of the Friedman rule in an overlapping generations model with spatial separation," Staff Reports 225, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    6. Gaetano Antinolfi & Todd Keister, 2003. "Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium," Working Papers 0305, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:
    7. Carlos Gustavo Machicado, 2006. "Liquidity Shocks and the Dollarization of a Banking System," Development Research Working Paper Series 09/2006, Institute for Advanced Development Studies. [Downloadable!]
      Other versions:
    8. Carlos Gustavo Machicado, 2007. "Growth and Banking Structure in a Partially Dollarized Economy," Development Research Working Paper Series 02/2007, Institute for Advanced Development Studies. [Downloadable!]
    9. Rangan Gupta, 2004. "Costly State Monitoring and Reserve Requirements," Working papers 2004-33, University of Connecticut, Department of Economics, revised Jul 2005. [Downloadable!]

  8. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money," Working Papers 2000-027, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

    Cited by:

    1. Hongfei Sun, 2007. "Banking, Inside Money and Outside Money," Working Papers 1146, Queen's University, Department of Economics. [Downloadable!]
      Other versions:
    2. James Bullard & Bruce D. Smith, 2002. "Intermediaries and payments instruments," Working Papers 2002-006, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    3. David C. Mills, Jr., 2007. "Imperfect monitoring and the discounting of inside money," Finance and Economics Discussion Series 2007-58, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    4. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
    5. Carolyn Sissoko, 2006. "An Idealized View of Financial Intermediation," Occidental Economics Working Papers 6, Occidental College, Department of Economics, revised Jun 2007. [Downloadable!]
      Other versions:
    6. Marco Arnone & Luca Bandiera, 2004. "Monetary Policy, Monetary Areas, and Financial Development with Electronic Money," IMF Working Papers 04/122, International Monetary Fund. [Downloadable!]
    7. Xavier Cuadras Morató, 2005. "Circulation of Private Notes during a Currency Shortage," Economics Working Papers 811, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
      Other versions:

  9. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]

    Cited by:

    1. Joe Haslag & Antoine Martin, 2003. "Optimality of the Friedman Rule in Overlapping Generations Model with Spatial Separation," Working Papers 0306, Department of Economics, University of Missouri. [Downloadable!]
      Other versions:
    2. Bhattacharya, Joydeep & Singh, Rajesh, 2006. "On the Usefulness of the Constrained Planning Problem in a Model of Money," Staff General Research Papers 12660, Iowa State University, Department of Economics. [Downloadable!]
    3. Joseph H. Haslag & Joydeep Bhattacharya & Antoine Martin, 2004. "Sub-Optimality of the Friedman Rule in Townsends Turnpike and Limited Communication Models of money: Do finite lives and initial dates matter?," Working Papers 0415, Department of Economics, University of Missouri, revised 21 Dec 2004. [Downloadable!]
    4. Joe Haslag & Joydeep Bhattacharya & Steven Russell, 2003. "Understanding the Roles of Money, or When is the Friedman Rule Optimal, and Why?," Working Papers 0301, Department of Economics, University of Missouri. [Downloadable!]
    5. Bruce D. Smith & Mohsin S. Khan & A. Senhadji Semlali, . "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund. [Downloadable!]
      Other versions:
    6. Max Gillman & Mark N Harris & Michal Kejak, 2007. "The Interaction of Inflation and Financial Development with Endogenous Growth," Money Macro and Finance (MMF) Research Group Conference 2006 29, Money Macro and Finance Research Group. [Downloadable!]
    7. Joydeep Bhattacharya & Joseph Haslag & Antoine Martin, 2005. "The Tobin effect and the Friedman rule," Staff Reports 224, Federal Reserve Bank of New York. [Downloadable!]
    8. Bhattacharya, Joydeep & Singh, Rajesh, 2005. "Optimal Choice of Monetary Instruments in an Economy with Real and Liquidity Shocks," Staff General Research Papers 12355, Iowa State University, Department of Economics. [Downloadable!]
    9. Boel, Paola & Camera, Gabriele, 2004. "Efficient Monetary Allocations and the Illiquidity of Bonds," Purdue University Economics Working Papers 1171, Purdue University, Department of Economics. [Downloadable!]
    10. Joseph H. Haslag & Antoine Martin, 2005. "Optimality of the Friedman rule in an overlapping generations model with spatial separation," Staff Reports 225, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    11. Joydeep Bhattacharya & Joseph Haslag & Antoine Martin & Rajesh Singh, 2005. "Who is afraid of the Friedman rule?," Staff Reports 208, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    12. Huberto M. Ennis & Todd Keister, 2003. "Economic growth, liquidity, and bank runs," Working Paper 03-01, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    13. Stacey L. Schreft & Bruce D. Smith, 2003. "The social value of risk-free government debt," Research Working Paper RWP 03-02, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:

  10. Costas Azariadis & James Bullard & Bruce Smith, 2000. "Private and public circulating liabilities," Working Papers 2000-012, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

    Cited by:

    1. Biagio Bossone, 2002. "Should Banks Be Narrowed?," Economics Working Paper Archive 354, Levy Economics Institute, The. [Downloadable!]
    2. Nobuhiro Kiyotaki & John Moore, 2002. "Evil Is the Root of All Money," American Economic Review, American Economic Association, vol. 92(2), pages 62-66, May. [Downloadable!]
    3. David C. Mills, Jr., 2007. "Imperfect monitoring and the discounting of inside money," Finance and Economics Discussion Series 2007-58, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    4. Cornelia Holthausen & Cyril Monnet, 2003. "Money and payments: a modern perspective," Working Paper Series 245, European Central Bank. [Downloadable!]
    5. Giuseppe Mastromatteo & Luigi Ventura, 2007. "The origin of money: A survey of the contemporary literature," International Review of Economics, Springer, vol. 54(2), pages 195-224, June. [Downloadable!] (restricted)
    6. Cyril Monnet, 2002. "Optimal public money," Working Paper Series 159, European Central Bank. [Downloadable!]

  11. Marco A. Espinosa-Vega & Bruce D. Smith & Chong K. Yip, 2000. "Barriers to international capital flows: when, why, how big, and for whom?," Working Paper 2000-16, Federal Reserve Bank of Atlanta. [Downloadable!]

    Cited by:

    1. Laurent Gheeraert & Joffrey Malek Mansour, 2005. "On the Impact of Private Capital Flows on Economic Growth and Development," Working Papers CEB 05-003.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
    2. Jose Ricardo da Costa e Silva & Ryan A. Compton, 2006. "Capital Flows And Destabilizing Policy In Latin America," Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting] 12, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]

  12. Stacey L. Schreft & Bruce D. Smith, 1999. "The evolution of cash transactions : some implications for monetary policy," Research Working Paper 99-02, Federal Reserve Bank of Kansas City. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Stacey Schreft & Bruce Smith, 2008. "The social value of risk-free government debt," Annals of Finance, Springer, vol. 4(2), pages 131-155, March. [Downloadable!] (restricted)
      Other versions:
    2. Sheri M. Markose & Yiing Jia Loke, 2002. "Can cash hold its own? International comparisons: Theory and evidence," Economics Discussion Papers 536, University of Essex, Department of Economics. [Downloadable!]
    3. Andreas Schabert, . "Central bank Instruments, Fiscal Policy Regimes, and the Requirements for Equilibrium Determinacy," Working Papers 2003_5, Department of Economics, University of Glasgow, revised Jan 2003. [Downloadable!]
      Other versions:
    4. Pedro Gomis-Porqueras, 2000. "Global Dynamics In Macroeconomics: A General Equilibrium Example," Computing in Economics and Finance 2000 217, Society for Computational Economics. [Downloadable!]
    5. Stacey L. Schreft & Bruce D. Smith, 2001. "The conduct of monetary policy with a shrinking stock of government debt," Research Working Paper RWP 01-09, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:

  13. John H. Boyd & Chun Chang & Bruce D. Smith, 1998. "Deposit insurance: a reconsideration," Working Papers 593, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Antoine Martin, 2001. "Liquidity provision vs. deposit insurance : preventing bank panics without moral hazard?," Research Working Paper RWP 01-05, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    2. Ikuko Fueda & Masaru Konishi, 2007. "Depositors’ Response to Deposit Insurance Reforms: Evidence from Japan, 1990–2005," Journal of Financial Services Research, Springer, vol. 31(2), pages 101-122, June. [Downloadable!] (restricted)
    3. Edward Simpson Prescott, 2004. "State-contingent bank regulation with unobserved actions and unobserved characteristics," Working Paper 04-02, Federal Reserve Bank of Richmond. [Downloadable!]
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    4. Edward S. Prescott, 2002. "Can risk-based deposit insurance premiums control moral hazard?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 87-100. [Downloadable!]
    5. Andrea M. Maechler & Kathleen McDill, 2003. "Dynamic Depositor Discipline in U.S. Banks," IMF Working Papers 03/226, International Monetary Fund. [Downloadable!]
    6. Francesca Carapella & Giorgio Di Giorgio, 2003. "Deposit insurance, institutions and bank interest rates," Discussion Papers 0304-06, Columbia University, Department of Economics. [Downloadable!]
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    7. Bruce D. Smith & Gianni De Nicoló & John H. Boyd, 2003. "Crisis in Competitive versus Monopolistic Banking Systems," IMF Working Papers 03/188, International Monetary Fund. [Downloadable!]
      Other versions:
    8. Gianni De Nicolo, 2001. "Size, charter value, and risk in banking: an international perspective," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 197-215.
    9. David A. Marshall & Edward S. Prescott, 2000. "Bank capital regulation with and without state-contingent penalties," Working Paper Series WP-00-10, Federal Reserve Bank of Chicago. [Downloadable!]
      Other versions:
    10. Gianni De Nicolo, 2000. "Size, charter value and risk in banking: an international perspective," International Finance Discussion Papers 689, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    11. Margarita Samartín & Clara Cardone & Rodrigo Bustamante, 2004. "Was The Argentine Corralito An Efficient Measure?: A Note," Business Economics Working Papers wb042209, Universidad Carlos III, Departamento de Economía de la Empresa. [Downloadable!]
    12. Gianni De Nicoló & John H. Boyd, 2003. "Bank Risk-Taking and Competition Revisited," IMF Working Papers 03/114, International Monetary Fund. [Downloadable!]
    13. Gianni De Nicoló & John H. Boyd & Elena Loukoianova, 2009. "Banking Crises and Crisis Dating: Theory and Evidence," IMF Working Papers 09/141, International Monetary Fund. [Downloadable!]
    14. Gianni De Nicoló & Marcella Lucchetta, 2009. "Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition," IMF Working Papers 09/105, International Monetary Fund. [Downloadable!]

  14. Arthur J. Rolnick & Bruce D. Smith & Warren E. Weber, 1998. "The Suffolk Bank and the Panic of 1837: how a private bank acted as a lender-of-last-resort," Working Papers 592, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Niinimäki, Juha-Pekka, 2002. "Bank panics in transition economies," BOFIT Discussion Papers 2/2002, Bank of Finland, Institute for Economies in Transition. [Downloadable!]
    2. Gary Gorton & Lixin Huang, 2002. "Bank Panics and the Endogeneity of Central Banking," Center for Financial Institutions Working Papers 02-29, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
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    3. Nilssen,T., 2000. "Risk externalities in a payments oligopoly," Memorandum 10/2000, Oslo University, Department of Economics. [Downloadable!]
    4. Randall Kroszner, 2000. "Lessons from Financial Crises: The Role of Clearinghouses," Journal of Financial Services Research, Springer, vol. 18(2), pages 157-171, December. [Downloadable!] (restricted)

  15. Bruce D. Smith & Warren E. Weber, 1998. "Private money creation and the Suffolk Banking System," Working Paper 9821, Federal Reserve Bank of Cleveland. [Downloadable!]
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    Published as:

    Cited by:

    1. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money: expanded version," Working Papers 2001-011, Federal Reserve Bank of St. Louis. [Downloadable!]
    2. Christian Hellwig, 2002. "Money, Intermediaries, and Cash-in-Advance Constraints (February 2003)," UCLA Economics Online Papers 207, UCLA Department of Economics. [Downloadable!]
    3. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money," Working Papers 2000-027, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    4. Costas Azariadis & James Bullard & Bruce Smith, 2000. "Private and public circulating liabilities," Working Papers 2000-012, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    5. Arthur J. Rolnick & Bruce D. Smith & Warren E. Weber, 2000. "The Suffolk Bank and the Panic of 1837," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-13. [Downloadable!]
    6. Stephen D. Williamson, 2002. "Private money and counterfeiting," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 37-57. [Downloadable!]
    7. Gaetano Antinolfi & Todd Keister, 2000. "Liquidity Crises and Discount Window Lending: Theory and Implications for the Dollarization Debate," Working Papers 0002, Centro de Investigacion Economica, ITAM. [Downloadable!]
    8. Bossone, Biagio, 2000. "What makes banks special ? a study of banking, finance, and economic development," Policy Research Working Paper Series 2408, The World Bank. [Downloadable!]
    9. Gaetano Antinolfi & Elisabeth Huybens & Todd Keister, 2000. "Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort," Working Papers 0001, Centro de Investigacion Economica, ITAM. [Downloadable!]
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    10. Stephen Williamson, 2000. "The Research Agenda: Payment Systems and Private Money," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 2(1), November. [Downloadable!]

  16. John H. Boyd & Chun Chang & Bruce D. Smith, 1998. "Moral hazard under commercial and universal banking," Working Papers 585, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Larry D. Wall & Alan K. Reichert & Hsin-Yu Liang, 2008. "The final frontier : the integration of banking and commerce. Part 1, the likely outcome of eliminating the barrier," Economic Review, Federal Reserve Bank of Atlanta. [Downloadable!]
    2. Francisco González, 2004. "Do equity investments affect banks' profitability? Evidence from OECD countries," Applied Financial Economics, Taylor and Francis Journals, vol. 14(15), pages 1111-1124, October. [Downloadable!] (restricted)
    3. Laeven, Luc & Levine, Ross, 2005. "Is There a Diversification Discount in Financial Conglomerates?," CEPR Discussion Papers 5121, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    4. John Krainer, 2000. "The separation of banking and commerce," Economic Review, Federal Reserve Bank of San Francisco, pages 15-24. [Downloadable!]
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    5. Edward Simpson Prescott, 2004. "State-contingent bank regulation with unobserved actions and unobserved characteristics," Working Paper 04-02, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    6. William C. Gruben & Jahyeong Koo & Robert R. Moore, 2003. "Financial liberalization, market discipline and bank risk," Center for Latin America Working Papers 0303, Federal Reserve Bank of Dallas. [Downloadable!]
    7. Delis, Manthos D & Staikouras, Panagiotis, 2009. "On-site audits, sanctions, and bank risk-taking: An empirical overture towards a novel regulatory and supervisory philosophy," MPRA Paper 16836, University Library of Munich, Germany. [Downloadable!]
    8. Barth, James R. & Caprio, Gerard & Levine, Ross, 2000. "Banking systems around the globe : do regulation and ownership affect the performance and stability?," Policy Research Working Paper Series 2325, The World Bank. [Downloadable!]
    9. Fotios Pasiouras, 2008. "International evidence on the impact of regulations and supervision on banks’ technical efficiency: an application of two-stage data envelopment analysis," Review of Quantitative Finance and Accounting, Springer, vol. 30(2), pages 187-223, February. [Downloadable!] (restricted)
    10. Fotios Pasiouras & Chrysovalantis Gaganis & Constantin Zopounidis, 2008. "Regulations, Supervision Approaches and Acquisition Likelihood in the Asian Banking Industry," Asia-Pacific Financial Markets, Springer, vol. 15(2), pages 135-154, June. [Downloadable!] (restricted)
    11. Darren Pain, . "The provisioning experience of the major UK banks: a small panel investigation," Bank of England working papers 177, Bank of England. [Downloadable!]
    12. David A. Marshall & Edward S. Prescott, 2000. "Bank capital regulation with and without state-contingent penalties," Working Paper Series WP-00-10, Federal Reserve Bank of Chicago. [Downloadable!]
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    13. Sanjay Banerji & Andrew Chen & Sumon Mazumdar, 2002. "Universal Banking Under Bilateral Information Asymmetry," Journal of Financial Services Research, Springer, vol. 22(3), pages 169-187, December. [Downloadable!] (restricted)
    14. John H. Boyd & Chun Chang & Bruce D. Smith, 1998. "Deposit insurance: a reconsideration," Working Papers 593, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    15. Luc Laeven & Ross Levine, 2008. "Bank Governance, Regulation, and Risk Taking," NBER Working Papers 14113, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    16. Ugo Albertazzi, 2006. "Incentives in universal banks," Temi di discussione (Economic working papers) 572, Bank of Italy, Economic Research Department. [Downloadable!]
    17. Russell Cooper & Dean Corbae, 2001. "Financial collapse and active monetary policy: a lesson from the Great Depression," Staff Report 289, Federal Reserve Bank of Minneapolis. [Downloadable!]
    18. Daniel Covitz & Erik Heitfield, 1999. "Monitoring, moral hazard, and market power: a model of bank lending," Finance and Economics Discussion Series 1999-37, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    19. Caprio, Gerard & Laeven, Luc & Levine, Ross, 2004. "Governance and bank valuation," Policy Research Working Paper Series 3202, The World Bank. [Downloadable!]
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    20. Lóránth, Gyöngyi & Morrison, Alan, 2008. "Bank Diversification and Incentives," CEPR Discussion Papers 7051, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    21. João A.C. Santos, 1998. "Banking and commerce: how does the United States compare to other countries?," Economic Review, Federal Reserve Bank of Cleveland, issue Q IV, pages 14-26. [Downloadable!]
    22. James B. Thomson, 2001. "Unitary thrifts: a performance analysis," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 2-14. [Downloadable!]

  17. Stacey L. Schreft & Bruce D. Smith, 1997. "The effects of open market operations in a model of intermediation and growth," Research Working Paper 97-03, Federal Reserve Bank of Kansas City. [Downloadable!]
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    Cited by:

    1. Kaas, Leo & Weinrich, Gerd, 2000. "Money and Growth in a Production Economy with Multiple Assets," Economics Series 86, Institute for Advanced Studies. [Downloadable!]
    2. John Duffy & Maxim Nikitin, 2004. "Dollarization Traps," Econometric Society 2004 North American Summer Meetings 456, Econometric Society. [Downloadable!]
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    3. Antoine Martin, 2008. "Reconciling Bagehot with the Fed's response to September 11," Staff Reports 217, Federal Reserve Bank of New York. [Downloadable!]
    4. Leopold von Thadden, 2004. "Active monetary policy, passive fiscal policy and the value of pure debt: some further monetarist arithmetic," Money Macro and Finance (MMF) Research Group Conference 2003 108, Money Macro and Finance Research Group. [Downloadable!]
    5. Bruce D. Smith & Warren E. Weber, 1998. "Private money creation and the Suffolk Banking System," Working Papers 591, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    6. Burkhard Heer & Andreas Schabert, 2000. "Open Market Operations as a Monetary Policy Shock Measure in a Quantitative Business Cycle Model," Econometric Society World Congress 2000 Contributed Papers 1040, Econometric Society. [Downloadable!]
      Other versions:
    7. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    8. Andreas Schabert, . "Central bank Instruments, Fiscal Policy Regimes, and the Requirements for Equilibrium Determinacy," Working Papers 2003_5, Department of Economics, University of Glasgow, revised Jan 2003. [Downloadable!]
      Other versions:
    9. Joydeep Bhattacharya & Joseph Haslag & Antoine Martin, 2005. "The Tobin effect and the Friedman rule," Staff Reports 224, Federal Reserve Bank of New York. [Downloadable!]
    10. Stacey L. Schreft & Bruce D. Smith, 1994. "Money, banking, and capital formation," Working Paper 94-05, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    11. Robert R. Reed & Stacey L. Schreft, 2007. "Phillips curves, monetary policy, and a labor market transmission mechanism," Research Working Paper RWP 07-12, Federal Reserve Bank of Kansas City. [Downloadable!]
    12. Andreas Schabert, . "Identifying Monetary Policy Shocks with Changes in Open Market Operations," Working Papers 2003_10, Department of Economics, University of Glasgow, revised Jun 2003. [Downloadable!]
      Other versions:
    13. Andreas Schabert, 2003. "On the Relevance of Open Market Operations," Working Paper Series in Economics 4, University of Cologne, Department of Economics. [Downloadable!]
      Other versions:
    14. Stacey L. Schreft & Bruce D. Smith, 1999. "The evolution of cash transactions : some implications for monetary policy," Research Working Paper 99-02, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    15. Bhattacharya, Joydeep & Haslag, Joseph & Martin, Antoine, 2005. "Optimal Monetary Policy and Economic Growth," Staff General Research Papers 12413, Iowa State University, Department of Economics. [Downloadable!]
      Other versions:
    16. S. Boragan Aruoba & Christopher J. Waller & Randall Wright, 2007. "Money and capital," Working Paper 0714, Federal Reserve Bank of Cleveland. [Downloadable!]
      Other versions:
    17. Sangmok Choi & Bruce D. Smith & John H. Boyd, 1996. "Inflation, financial markets and capital formation," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages 9-35. [Downloadable!]
      Other versions:
    18. Rangan Gupta, 2004. "Costly State Monitoring and Reserve Requirements," Working papers 2004-33, University of Connecticut, Department of Economics, revised Jul 2005. [Downloadable!]
    19. Philippe Michel & Bertrand Wigniolle, 2005. "Cash-in-advance constraints, bubbles and monetary policy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00268861_v1, HAL. [Downloadable!]
      Other versions:

  18. Arthur J. Rolnick & Bruce D. Smith & Warren E. Weber, 1997. "Lessons from a laissez-faire payments system: the Suffolk Banking System (1825–1858)," Working Papers 584, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Bruce D. Smith & Warren E. Weber, 1998. "Private money creation and the Suffolk Banking System," Working Papers 591, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    2. David C. Mills, Jr., 2007. "Imperfect monitoring and the discounting of inside money," Finance and Economics Discussion Series 2007-58, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    3. Cornelia Holthausen & Cyril Monnet, 2003. "Money and payments: a modern perspective," Working Paper Series 245, European Central Bank. [Downloadable!]
    4. Arthur J. Rolnick & Bruce D. Smith & Warren E. Weber, 2000. "The Suffolk Bank and the Panic of 1837," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-13. [Downloadable!]
    5. Gary Gorton & Lixin Huang, 2002. "Bank Panics and the Endogeneity of Central Banking," Center for Financial Institutions Working Papers 02-29, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
      Other versions:
    6. Stephen Quinn & William Roberds, 2008. "The evolution of the check as a means of payment: a historical survey," Economic Review, Federal Reserve Bank of Atlanta. [Downloadable!]
    7. Nilssen,T., 2000. "Risk externalities in a payments oligopoly," Memorandum 10/2000, Oslo University, Department of Economics. [Downloadable!]

  19. Valerie Bencivenga & Elisabeth Huybens & Bruce D. Smith, 1997. "What to Stabilize in the Open Economy?: Some Notes on a Problem of Keynes," Working Papers 9709, Centro de Investigacion Economica, ITAM.

    Cited by:

    1. Michael Kumhof, 2001. "A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks," Working Papers Central Bank of Chile 127, Central Bank of Chile. [Downloadable!]
      Other versions:

  20. Bruce D. Smith & Cheng Wang, 1997. "Repeated insurance relationships in a costly state verification model: with an application to deposit insurance," Working Papers 574, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Narayana R. Kocherlakota, 2001. "Risky Collateral and Deposit Insurance," The B.E. Journal of Macroeconomics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]
      Other versions:
    2. Cyril Monnet & Erwan Quintin, 2002. "Optimal contracts in a dynamic costly state verification model," Working Paper Series 126, European Central Bank. [Downloadable!]
      Other versions:
    3. Edward Simpson Prescott, 2004. "Auditing And Bank Capital Regulation," Working Papers wp2004_0412, CEMFI. [Downloadable!]
      Other versions:

  21. Elisabeth Huybens & Bruce D. Smith, 1997. "Inflation, Financial Markets and Long-Run Real Activity," Working Papers 9707, Centro de Investigacion Economica, ITAM.
    Published as:

    Cited by:

    1. Bittencourt, Manoel, 2008. "Inflation and Financial Development: Evidence from Brazil," Working Papers RP2008/14, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
      Other versions:
    2. Huang, Yongfu & Temple, Jonathan, 2005. "Does External Trade Promote Financial Development?," CEPR Discussion Papers 5150, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    3. Kemal, A.R. & Qayyum, Abdul & Hanif , Muhammad N., 2004. "Financial Development and Economic Growth: Evidence from a Heterogeneous Panel of High Income Countries," MPRA Paper 10198, University Library of Munich, Germany. [Downloadable!]
    4. Bhattacharya, Joydeep, 2003. "Monetary Policy And The Distribution Of Income," Staff General Research Papers 11072, Iowa State University, Department of Economics. [Downloadable!]
    5. Bruce D. Smith & Mohsin S. Khan & A. Senhadji Semlali, . "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund. [Downloadable!]
      Other versions:
    6. Stefan Krause & Felix Rioja, 2006. "Financial Development and Monetary Policy Efficiency," Emory Economics 0613, Department of Economics, Emory University (Atlanta). [Downloadable!]
    7. Andreas Billmeier & Isabella Massa, 2007. "What Drives Stock Market Development in the Middle East and Central Asia--Institutions, Remittances, or Natural Resources?," IMF Working Papers 07/157, International Monetary Fund. [Downloadable!]
    8. Masao Ogaki & Vikas Kakkar, 2002. "The Distortionary Effects of Inflation: An Empirical Investigation," Working Papers 02-01, Ohio State University, Department of Economics. [Downloadable!]
    9. Vlachos, Jonas & Svaleryd, Helena, 2001. "Financial Markets, the Pattern of Specialization and Comparative Advantage. Evidence from OECD countries," Working Paper Series in Economics and Finance 449, Stockholm School of Economics, revised 03 Sep 2001. [Downloadable!]
    10. Demirguc-Kunt, Asli, 2006. "Finance and economic development : policy choices for developing countries," Policy Research Working Paper Series 3955, The World Bank. [Downloadable!]
    11. Kangni Kpodar & Dhaneshwar Ghura & Raju Singh, 2009. "Financial Deepening in the CFA Franc Zone:The Role of Institutions," IMF Working Papers 09/113, International Monetary Fund. [Downloadable!]
    12. Asli Demirguc-Kunt & Luc Laeven & Ross Levine, 2003. "Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation," NBER Working Papers 9890, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    13. Amparo Nagore & Joaquín Maudos Villarroya, 2005. "Explaining Market Power Differences In Banking: A Cross-Country Study," Working Papers. Serie EC 2005-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    14. Svaleryd, Helena & Vlachos, Jonas, 2002. "Financial Markets, Industrial Specialization and Comparative Advantage - Evidence from OECD Countries," Research Papers in Economics 2002:6, Stockholm University, Department of Economics. [Downloadable!]
    15. Yongfu Huang, 2005. "What determines financial development?," Bristol Economics Discussion Papers 05/580, Department of Economics, University of Bristol, UK. [Downloadable!]
    16. Javier Andrés & Ignacio Hernando & J. David López-Salido, 1999. "The Role of the Financial System in the Growth-Inflation Link: the OECD Experience," Banco de España Working Papers 9920, Banco de España. [Downloadable!]
      Other versions:
    17. Luintel, Kul B & Khan, Mosahid & Arestis, Philip & Theodoridis, Konstantinos, 2008. "Financial Structure and Economic Growth," Cardiff Economics Working Papers E2008/3, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
      Other versions:
    18. Gerald Stuber, 2001. "Implications of Uncertainty about Long-Run Inflation and the Price Level," Working Papers 01-16, Bank of Canada. [Downloadable!]
    19. Beck, Thorsten, 2003. "Stock markets, banks, and economic development:theory and evidence," EIB Papers 2/2003, European Investment Bank, Economic and Financial Studies. [Downloadable!]

  22. John H. Boyd & Ross E. Levine & Bruce D. Smith, 1996. "Inflation and financial market performance," Working Paper 9617, Federal Reserve Bank of Cleveland. [Downloadable!]
    Other versions:

    Cited by:

    1. Beck, Thorsten & Buyukkarabacak, Berrak & Rioja, Felix & Valev, Neven, 2008. "Who gets the credit ? and does it matter ? household vs. firm lending across countries," Policy Research Working Paper Series 4661, The World Bank. [Downloadable!]
      Other versions:
    2. Paul Wachtel & Peter L. Rousseau, 2000. "Inflation, Financial Development and Growth," Working Papers 00-10, New York University, Leonard N. Stern School of Business, Department of Economics. [Downloadable!]
    3. Bhattacharya, Joydeep, 2003. "Monetary Policy And The Distribution Of Income," Staff General Research Papers 11072, Iowa State University, Department of Economics. [Downloadable!]
    4. Bruce D. Smith & Mohsin S. Khan & A. Senhadji Semlali, . "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund. [Downloadable!]
      Other versions:
    5. Jakob Madsen, 2007. "Pitfalls in estimates of the relationship between stock returns and inflation," Empirical Economics, Springer, vol. 33(1), pages 1-21, July. [Downloadable!] (restricted)
    6. Alexandros Kontonikas & Alberto Montagnoli & Nicola Spagnolo, 2006. "Stock Returns and Inflation: The Impact of Inflation Targeting," Working Papers 2005_11, Department of Economics, University of Glasgow. [Downloadable!]
    7. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    8. Marco Espinosa-Vega & Steven Russell, 1998. "The long-run real effects of monetary policy: Keynesian predictions from a neoclassical model," Working Paper 98-6, Federal Reserve Bank of Atlanta. [Downloadable!]
    9. Ivanna Vladkova Hollar & Carlo Cottarelli & Giovanni Dell'Ariccia, 2003. "Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans," IMF Working Papers 03/213, International Monetary Fund. [Downloadable!]
      Other versions:
    10. Jill A. Holman, 2000. "Government budgetary policies, economic growth, and currency substitution in a small open economy," Research Working Paper RWP 00-08, Federal Reserve Bank of Kansas City. [Downloadable!]
    11. Jakob B. Madsen, 2004. "Pitfalls in Estimates of Relationship between Share Returns and Inflation," FRU Working Papers 2004/07, University of Copenhagen. Department of Economics. Finance Research Unit. [Downloadable!]
    12. Dandan Liu & Dennis Jansen & Qi Li, 2005. "Regime switching in the dynamic relationship between stock returns and inflation," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 1(5), pages 273-277, September. [Downloadable!] (restricted)
    13. Javier Andrés & Ignacio Hernando & J. David López-Salido, 1999. "The Role of the Financial System in the Growth-Inflation Link: the OECD Experience," Banco de España Working Papers 9920, Banco de España. [Downloadable!]
      Other versions:
    14. Sangmok Choi & Bruce D. Smith & John H. Boyd, 1996. "Inflation, financial markets and capital formation," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages 9-35. [Downloadable!]
      Other versions:

  23. John H. Boyd & Bruce D. Smith, 1996. "The co-evolution of the real and financial sectors in the growth process," Working Papers 541, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Demirguc-Kunt, Asli & Huizinga, Harry, 1998. "Determinants of commercial bank interest margins and profitability : some international evidence," Policy Research Working Paper Series 1900, The World Bank. [Downloadable!]
      Other versions:
    2. Keith Blackburn & Niloy Bose & Salvatore Capasso, 2003. "Financial Development, Financing Choice and Economic Growth," CSEF Working Papers 96, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
      Other versions:
    3. PN Snowden, 2005. "Capital structure and a difference of opinion: stock markets, minority equity and economic development," Working Papers 002451, Lancaster University Management School, Economics Department. [Downloadable!]
    4. Veronika Dolar & Césaire Meh, 2002. "Financial Structure and Economic Growth: A Non-Technical Survey," Working Papers 02-24, Bank of Canada. [Downloadable!]
    5. Davide Iacoboni & Alberto Zazzaro, 2000. "Legal system efficiency, information production, and technological choice: a banking model," Heterogeneity and monetary policy 0005, Universita di Modena e Reggio Emilia, Dipartimento di Economia Politica. [Downloadable!]
      Other versions:
    6. Fohlin, Caroline., 2000. "Economic, Political, and Legal Factors in Financial System Development: International Patterns in Historical Perspective"," Working Papers 1089, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    7. Ross Levine, 1997. "Napoleón, bolsas y crecimiento en América Latina," RES Working Papers 4107, Inter-American Development Bank, Research Department. [Downloadable!]
    8. Catalan, Mario & Impavido, Gregorio & Musalem, Alberto R., 2000. "Contractual savings or stock market development - Which leads?," Policy Research Working Paper Series 2421, The World Bank. [Downloadable!]
    9. Geert Bekaert & Campbell R. Harvey, 1998. "Capital Flows and the Behavior of Emerging Market Equity Returns," NBER Working Papers 6669, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    10. Andreas Billmeier & Isabella Massa, 2007. "What Drives Stock Market Development in the Middle East and Central Asia--Institutions, Remittances, or Natural Resources?," IMF Working Papers 07/157, International Monetary Fund. [Downloadable!]
    11. Hiroko Oura, 2008. "Financial Development and Growth in India: A Growing Tiger in a Cage?," IMF Working Papers 08/79, International Monetary Fund. [Downloadable!]
    12. Capasso, Salvatore, 2006. "Stock Market Development and Economic Growth," Working Papers RP2006/102, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    13. Koetter, Michael & Wedow, Michael, 2005. "Finance and growth in a bank-based economy: is it quantity or quality that matters?," Discussion Paper Series 2: Banking and Financial Studies 2006,02, Deutsche Bundesbank, Research Centre. [Downloadable!]
    14. Ross Levine, 1997. "Napoleon, Bourses, and Growth in Latin America," RES Working Papers 4106, Inter-American Development Bank, Research Department. [Downloadable!]
    15. Valeriano F. García & Lin Liu, 1999. "Macroeconomic Determinants of Stock Market Development," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 29-59, May. [Downloadable!]
    16. Andrea Schertler, 2002. "Path Dependencies in Venture Capital Markets," Kiel Working Papers 1120, Kiel Institute for the World Economy. [Downloadable!]
    17. Levine, Ross & Zervos, Sara, 1996. "Stock markets, banks, and economic growth," Policy Research Working Paper Series 1690, The World Bank. [Downloadable!]
      Other versions:

  24. Elisabeth Huybens & Bruce D. Smith, 1996. "Financial Market Frictions, Monetary Policy and Capital Accumulation in a Small Open Economy," Working Papers 9608, Centro de Investigacion Economica, ITAM.
    Published as:

    Cited by:

    1. John Duffy & Maxim Nikitin, 2004. "Dollarization Traps," Econometric Society 2004 North American Summer Meetings 456, Econometric Society. [Downloadable!]
      Other versions:
    2. Bittencourt, Manoel, 2008. "Inflation and Financial Development: Evidence from Brazil," Working Papers RP2008/14, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
      Other versions:
    3. Marco A. Espinosa-Vega & Bruce D. Smith & Chong K. Yip, 1999. "Barriers to international capital flows: who should erect them and how big should they be?," Working Paper 99-6, Federal Reserve Bank of Atlanta. [Downloadable!]
    4. Thierry Tressel & Enrica Detragiache & Poonam Gupta, 2005. "Finance in Lower Income Countries: An Empirical Exploration," IMF Working Papers 05/167, International Monetary Fund. [Downloadable!]
    5. Bhattacharya, J. & Chankraborty, S., 2003. "What do information frictions do?," Discussion Paper 21, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    6. Stefan Krause & Felix Rioja, 2006. "Financial Development and Monetary Policy Efficiency," Emory Economics 0613, Department of Economics, Emory University (Atlanta). [Downloadable!]
    7. AL-ZUBI, Khaled & AL-RJOUB,Samer & ABU-MHAREB,E, 2006. "Financial Development And Economic Growth: A New Empirical Evidence From The Mena Countries, 1989-2001," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(3). [Downloadable!] (restricted)
    8. Marco A. Espinosa-Vega & Bruce D. Smith & Chong K. Yip, 2000. "Barriers to international capital flows: when, why, how big, and for whom?," Working Paper 2000-16, Federal Reserve Bank of Atlanta. [Downloadable!]
    9. Marco Espinosa-Vega & Bruce D. Smith & Chong K. Yip, 1998. "On government credit programs," Working Paper 98-2, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    10. Tobias Broer, 2004. "Emerging Market Lending: Is Moral Hazard Endogenous?," Working Papers Central Bank of Chile 273, Central Bank of Chile. [Downloadable!]
    11. Philippe Michel & Bertrand Wigniolle, 2005. "Cash-in-advance constraints, bubbles and monetary policy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00268861_v1, HAL. [Downloadable!]
      Other versions:

  25. John H. Boyd & Bruce D. Smith, 1996. "The use of debt and equity in optimal financial contracts," Working Papers 537, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Hans K. Hvide & Todd Kaplan, 2003. "A Theory of Capital Structure with Strategic Defaults and Priority Violations," Microeconomics 0311001, EconWPA. [Downloadable!]
      Other versions:
    2. Khalil, Fahad & Martimort, David & Parigi, Bruno, 2004. "Monitoring a Common Agent: Implications for Financial Contracting," IDEI Working Papers 321, Institut d'Économie Industrielle (IDEI), Toulouse. [Downloadable!]
    3. ATTAR, AndrŽa, 2003. "Financial contracting along the business cycle," CORE Discussion Papers 2003069, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    4. Ludovic RENOU, 2003. "Beliefs about Beliefs and Endogenous Formation of a Multi-lender Coalition in a Costly State Verification Model," Economics Working Papers ECO2003/21, European University Institute. [Downloadable!]
    5. Mark M. Spiegel, 2001. "Solvency runs, sunspot runs, and international bailouts," Working Papers in Applied Economic Theory 2001-05, Federal Reserve Bank of San Francisco. [Downloadable!]
      Other versions:
    6. Ugo Albertazzi & Leonardo Gambacorta, 2006. "Bank profitability and the business cycle," Temi di discussione (Economic working papers) 601, Bank of Italy, Economic Research Department. [Downloadable!]
    7. Fahad Khalil & David Martimort & Bruno Maria Parigi, 2005. "Monitoring a Common Agent: Implications for Financial Contracting," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]

  26. Valerie R. Bencivenga & Bruce D. Smith, 1995. "Unemployment, migration, and growth," Working Papers 561, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Mark G. Guzman & Joseph H. Haslag & Pia M. Orrenius, 2002. "Coyote crossings: the role of smugglers in illegal immigration and border enforcement," Working Papers 02 01, Federal Reserve Bank of Dallas. [Downloadable!]
      Other versions:
    2. Sergio Vergalli, 2006. "Dynamics in Immigration Community," Working Papers ubs0613, University of Brescia, Department of Economics. [Downloadable!]
    3. Mathan Satchi & Jonathan Temple, 2006. "Growth and labour markets in developing countries," Bristol Economics Discussion Papers 06/581, Department of Economics, University of Bristol, UK. [Downloadable!]
      Other versions:
    4. Silvio Rendon & Alfredo Cuecuecha, 2007. "International Job Search: Mexicans in and out of the U.S," Working Papers 0709, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:
    5. Bhattacharya, J. & Chankraborty, S., 2003. "What do information frictions do?," Discussion Paper 21, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    6. Monchuk, Daniel C. & Miranowski, John A., 2002. "The Effect Of Innovative Behavior And Technological Spillovers On Employment Growth In The Us Midwest," 2002 Annual meeting, July 28-31, Long Beach, CA 19773, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    7. Lall, Somik V. & Selod, Harris & Shalizi, Zmarak, 2006. "Rural-urban migration in developing countries : a survey of theoretical predictions and empirical findings," Policy Research Working Paper Series 3915, The World Bank. [Downloadable!]
    8. Yamauchi, Futoshi, 2003. "Are experience and schooling complementary?," FCND discussion papers 166, International Food Policy Research Institute (IFPRI). [Downloadable!]
      Other versions:
    9. Jonathan Temple & Ludger Woessmann, 2004. "Dualism and Cross-Country Growth Regressions," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    10. Stephen Drinkwater & Paul Levine & Emanuela Lotti & Joseph Pearlman, 2003. "The Economic Impact of Migration: A Survey," Department of Economics Discussion Papers 0103, Department of Economics, University of Surrey. [Downloadable!]
    11. Vincenzo Lombardo, 2008. "Dual Economy Models: A Primer for…Growth, Income Distribution and Poverty Analysis," Working Papers 12_2008, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy. [Downloadable!]
    12. Silvio Rendon Alfredo Cuecuecha, 2007. "International Job Search: Mexicans in and out of the US," Department of Economics Working Papers 07-09, Stony Brook University, Department of Economics. [Downloadable!]
    13. Mark Guzman & Joseph Haslag & Pia Orrenius, 2008. "On the determinants of optimal border enforcement," Economic Theory, Springer, vol. 34(2), pages 261-296, February. [Downloadable!] (restricted)
    14. Jonathan Temple, 2002. "Wage Inequality in a Dual Economy," Bristol Economics Discussion Papers 02/531, Department of Economics, University of Bristol, UK. [Downloadable!]
    15. Steven Garasky, 2000. "Understanding the Employment Experiences and Migration Patterns of Rural Youth and Young Adults," JCPR Working Papers 143, Northwestern University/University of Chicago Joint Center for Poverty Research.
    16. Mathan Satchi & Jonathan Temple, 2009. "Labor Markets and Productivity in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(1), pages 183-204, January. [Downloadable!] (restricted)
      Other versions:
    17. Sergio Vergalli, 2006. "The Role of Community in Migration Dynamics," Working Papers 2006.4, Fondazione Eni Enrico Mattei. [Downloadable!]
      Other versions:

  27. John H. Boyd & Bruce D. Smith, 1995. "The evolution of debt and equity markets in economic development," Working Papers 542, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Mark J. Manning, 2003. "Finance Causes Growth: Can We Be So Sure?," The B.E. Journal of Macroeconomics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]
    2. Keith Blackburn & Niloy Bose & Salvatore Capasso, 2003. "Financial Development, Financing Choice and Economic Growth," CSEF Working Papers 96, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
      Other versions:
    3. Samiran Chakraborty, 2002. "Aspects of Financial Reforms In the Presence of Product Market Imperfection," Working papers 105, Centre for Development Economics, Delhi School of Economics. [Downloadable!]
    4. Luca Deidda & B. Fattouh, 2002. "Concentration in the banking industry and economic growth," Working Paper CRENoS 200202, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
      Other versions:
    5. Beck, Thorsten, 2006. "Creating an efficient financial system : challenges in a global economy," Policy Research Working Paper Series 3856, The World Bank. [Downloadable!]
    6. António Antunes & Tiago Cavalcanti & Anne Villamil, 2006. "The Effect of Financial Repression & Enforcement on Entrepreneurship and Economic Development," SCAPE Policy Research Working Paper Series 0610, National University of Singapore, Department of Economics, SCAPE. [Downloadable!]
    7. Salvatore Capasso, 2006. "Stock Market Development and Economic Growth: A Matter of Information Dynamics," CSEF Working Papers 166, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
    8. Gunther Capelle-Blancard & Jézabel Couppey-Soubeyran & Laurent Soulat, 2008. "The measurement of financial intermediation in Japan," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00265547_v1, HAL. [Downloadable!]
      Other versions:
    9. Philip Arestis & Ambika D. Luintel & Kul B. Luintel, 2004. "Does Financial Structure Matter?," Economics Working Paper Archive 399, Levy Economics Institute, The. [Downloadable!]
      Other versions:
    10. Fohlin, Caroline., 2000. "Economic, Political, and Legal Factors in Financial System Development: International Patterns in Historical Perspective"," Working Papers 1089, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    11. Sarmistha Pal & Nigel Driffield, 2003. "Do External Funds Yield Lower Returns ? Recent Evidence From East Asian Economies," Finance 0309002, EconWPA, revised 15 Mar 2004. [Downloadable!]
      Other versions:
    12. Beck, Thorsten & Rahman, Md. Habibur, 2006. "Creating a more efficient financial system : challenges for Bangladesh," Policy Research Working Paper Series 3938, The World Bank. [Downloadable!]
    13. Eva Terberger, 2005. "Die Struktur des Finanzsystems und der Finanzierungszugang für kleine Unternehmen," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 74(4), pages 75-91. [Downloadable!] (restricted)
    14. Andrés Felipe Arias, . "The Colombian Banking and Crisis: Macroeconomic Consequences and What to Expect," Borradores de Economia 157, Banco de la Republica de Colombia. [Downloadable!]
    15. Christian Schröder, 2009. "Financial System and Innovations-Determinants of Early Stage Venture Capital in Europe," Schumpeter Discussion Papers sdp09004, Universitätsbibliothek Wuppertal, University Library. [Downloadable!]
    16. James B. Ang, 2007. "A Survey Of Recent Developments In The Literature Of Finance And Growth," Monash Economics Working Papers 03/07, Monash University, Department of Economics. [Downloadable!]
      Other versions:
    17. Philip Arestis & Machiko Nissanke & Howard Stein, 2003. "Finance and Development: Institutional and Policy Alternatives to Financial Liberalization," Economics Working Paper Archive 377, Levy Economics Institute, The. [Downloadable!]
    18. Andrés F. Arias, . "Banking Productivity and Economic Fluctuations: Colombia 1998-2000," Borradores de Economia 192, Banco de la Republica de Colombia. [Downloadable!]
    19. Philip Arestis & Howard Stein, 2005. "An Institutional Perspective to Finance and Development as an Alternative to Financial Liberalisation," International Review of Applied Economics, Taylor and Francis Journals, vol. 19(4), pages 381-398, October. [Downloadable!] (restricted)
    20. Andrés Arias, 2002. "Banking Productivity and Economic Fluctuations: Colombia 1998-2000," REVISTA DESARROLLO Y SOCIEDAD, UNIVERSIDAD DE LOS ANDES-CEDE. [Downloadable!]
    21. Thorsten Beck & Ross Levine, 2002. "Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?," NBER Working Papers 8982, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    22. António Antunes & Tiago Cavalcanti & Anne Villamil, 2006. "Computing General Equilibrium Models with Occupational Choice and Financial Frictions," SCAPE Policy Research Working Paper Series 0611, National University of Singapore, Department of Economics, SCAPE. [Downloadable!]
      Other versions:
    23. Andrés Felipe Arias, 2000. "The Colombian Banking Crisis: Macroeconomic Consequences And What To Expect," BORRADORES DE ECONOMIA 003573, BANCO DE LA REPÚBLICA. [Downloadable!]
    24. Rainer Fehn & Thomas Fuchs, 2003. "Capital Market Institutions and Venture Capital: Do They Affect Unemployment and Labour Demand?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    25. Shankha Chakraborty & Tridip Ray, 2003. "Bank-based versus Market-based Financial Systems: A Growth-theoretic Analysis," University of Oregon Economics Department Working Papers 2003-6, University of Oregon Economics Department, revised 01 Feb 2002. [Downloadable!]
      Other versions:
    26. Andrés Felipe Arias, 2001. "Banking Productivity And Economic Fluctuations: Colombia 1998-2000," BORRADORES DE ECONOMIA 002050, BANCO DE LA REPÚBLICA. [Downloadable!]
    27. Capasso, Salvatore, 2006. "Stock Market Development and Economic Growth," Working Papers RP2006/102, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    28. Kamat, Manoj & Kamat, Manasvi, 2007. "The New Information Age & the Stock Market Growth Puzzle," MPRA Paper 5158, University Library of Munich, Germany. [Downloadable!]
    29. Salvatore Capasso, 2004. "Stock market development and economic growth: a matter of informational problems," Money Macro and Finance (MMF) Research Group Conference 2003 10, Money Macro and Finance Research Group. [Downloadable!]
      Other versions:
    30. Luintel, Kul B & Khan, Mosahid & Arestis, Philip & Theodoridis, Konstantinos, 2008. "Financial Structure and Economic Growth," Cardiff Economics Working Papers E2008/3, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
      Other versions:
    31. R.N. Agarwal, 2000. "Capital market development, corporate financing pattern and economic growth in India," Institute of Economic Growth, Delhi Discussion Papers 20, Institute of Economic Growth, Delhi, India. [Downloadable!]
    32. Wendy Carlin & Colin Mayer, 1999. "Finance, Investment and Growth," OFRC Working Papers Series 1999fe09, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    33. Beck, Thorsten & Levine, Ross, 2000. "New firm formation and industry growth - does having a market- or bank-based system matter?," Policy Research Working Paper Series 2383, The World Bank. [Downloadable!]
    34. Cole, Rebel & Moshirian, Fari & Wu, Qionbing, 2007. "Bank stock returns and economic growth," MPRA Paper 4714, University Library of Munich, Germany. [Downloadable!]
      Other versions:

  28. Greenwood, J. & Smith, B.D., 1995. "Financial Markets in Development, and the Development of Financial Markets," RCER Working Papers 406, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. Alex William Trew, 2005. " Finance and Growth: A Critical Survey," CDMA Working Paper Series 0507, Centre for Dynamic Macroeconomic Analysis, revised Apr 2006. [Downloadable!]
      Other versions:
    2. Cevdet A. Denizer & Murat F. Iyigun & Ann Owen, 2002. "Finance and Macroeconomic Volatility," The B.E. Journal of Macroeconomics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]
      Other versions:
    3. Maswana, Jean-Claude, 2006. "An empirical investigation around the finance-growth puzzle in China with a particular focus on causality and efficiency considerations," MPRA Paper 3946, University Library of Munich, Germany, revised Apr 2006. [Downloadable!]
    4. Maria Fuensanta Morales, 2000. "Financial Intermediation in a Model of Growth Through Creative Destruction," Econometric Society World Congress 2000 Contributed Papers 0914, Econometric Society. [Downloadable!]
    5. Fohlin, Caroline., 2000. "Economic, Political, and Legal Factors in Financial System Development: International Patterns in Historical Perspective"," Working Papers 1089, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    6. Andrés Erosa, 2000. "Financial Intermediation and Occupational Choice in Development," UWO Department of Economics Working Papers 20003, University of Western Ontario, Department of Economics. [Downloadable!]
      Other versions:
    7. Claudio Bravo Ortega & Álvaro García Marín, 2008. "Exploring the Relationship Between R&D and Productivity: A Country-Level Study," Working Papers Central Bank of Chile 472, Central Bank of Chile. [Downloadable!]
    8. Aubhik Khan, 1999. "Financial development and economic growth," Working Papers 99-11, Federal Reserve Bank of Philadelphia. [Downloadable!]
    9. Ross Levine, 1997. "Napoleón, bolsas y crecimiento en América Latina," RES Working Papers 4107, Inter-American Development Bank, Research Department. [Downloadable!]
    10. Maria Fuensanta Morales, 2001. "Financial Intermediation in a Model of Growth through Creative Destruction," UFAE and IAE Working Papers 487.01, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
    11. Milton P. Reid, III & Stacey L. Schreft, 1993. "Credit aggregates from the flow of funds accounts," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 49-64. [Downloadable!]
    12. Mamoon, D., 2004. "Financial sector reforms in Pakistan and a test for McKinnon and Shaw's transmission mechanism : 'Lessons from the last decade'," Working Papers - General Series 397, Institute of Social Studies. [Downloadable!]
    13. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    14. Piatkowski, Marcin, 2002. "The 'New Economy' and Economic Growth in Transition Economies," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    15. Hella Engerer & Mechthild Schrooten, 2001. "Institutionen, Finanzsysteme und Transformation," Discussion Papers of DIW Berlin 264, DIW Berlin, German Institute for Economic Research. [Downloadable!]
    16. James B. Ang, 2007. "A Survey Of Recent Developments In The Literature Of Finance And Growth," Monash Economics Working Papers 03/07, Monash University, Department of Economics. [Downloadable!]
      Other versions:
    17. Christophe Hurlin & Baptiste Venet, 2008. "Financial Development and Growth: A Re-Examination using a Panel Granger Causality Test," Working Papers halshs-00319995_v1, HAL. [Downloadable!]
    18. Cevdet Denizer & Murat F. Lyigun & Ann L. Owen, 2000. "Finance and macroeconomic volatility," International Finance Discussion Papers 670, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    19. Caroline Fohlin, 1998. "Banking systems and economic growth: lessons from Britain and Germany in the pre-World War I era," Review, Federal Reserve Bank of St. Louis, issue May, pages 37-48. [Downloadable!]
    20. Rosa Capolupo, 2005. "THE NEW GROWTH THEORIES AND THEIR EMPIRICS, Discussion Paper in Economics, University of Glasgow, N. 2005-04 (http://www.gla.ac.uk/Acad/Economics," GE, Growth, Math methods 0506003, EconWPA. [Downloadable!]
    21. Fohlin, Caroline, 1998. "Historical and Theoretical Debates Over Financial Systems and Industrialization," Working Papers 1028, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    22. Bharat N. Anand & Alexander Galetovic, 2002. "Investment Banking and Security Market Development: Does Finance Follow Industry?," Documentos de Trabajo 121, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
    23. Stefania Villa, 2005. "Determinants of growth in Italy. A time series analysis," Quaderni DSEMS 24-2005, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia. [Downloadable!]
    24. Stacey L. Schreft & Bruce D. Smith, 1994. "Money, banking, and capital formation," Working Paper 94-05, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    25. Rosa Capolupo, . "The New Growth Theoris and their Empirics," Working Papers 2005_4, Department of Economics, University of Glasgow. [Downloadable!]
    26. Miguel-Ángel Galindo Martín & Francisco Sotos & María Picazo, 2007. "Value at Risk and Economic Growth," International Advances in Economic Research, Springer, vol. 13(2), pages 214-221, May. [Downloadable!] (restricted)
    27. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
    28. Yelena Kalyuzhnova & George Tridimas, 1998. "Dilemmas of financial development in Kazakstan," Journal of International Development, John Wiley & Sons, Ltd., vol. 10(5), pages 681-693.
    29. AL-ZUBI, Khaled & AL-RJOUB,Samer & ABU-MHAREB,E, 2006. "Financial Development And Economic Growth: A New Empirical Evidence From The Mena Countries, 1989-2001," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(3). [Downloadable!] (restricted)
    30. Dr. (elect.) Julia Korosteleva & Dr. Colin Lawson, . "The Belarusian Case of Transition: Whither Financial Repression?," Working Papers 2006_4, Department of Economics, University of Glasgow. [Downloadable!]
    31. OZTURK, Ilhan, 2008. "Financial Development And Economic Growth: Evidence From Turkey," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(1), pages 85-98. [Downloadable!] (restricted)
    32. Shankha Chakraborty & Tridip Ray, 2003. "Bank-based versus Market-based Financial Systems: A Growth-theoretic Analysis," University of Oregon Economics Department Working Papers 2003-6, University of Oregon Economics Department, revised 01 Feb 2002. [Downloadable!]
      Other versions:
    33. Ali F. Darrat, 1999. "Are Financial Deepending And Economic Growth Causally Related? Another Look At The Evidence," International Economic Journal, Korean International Economic Association, vol. 13(3), pages 19-35, October. [Downloadable!] (restricted)
    34. Peter L. Rousseau & Richard Sylla, 2000. "Emerging Financial Markets and Early U.S. Growth," Working Papers 0015, Department of Economics, Vanderbilt University. [Downloadable!]
      Other versions:
    35. Trabelsi, M., 2002. "Finance and Growth : Empirical Evidence from Developing Countries, 1960-1990," Cahiers de recherche 13-2002, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
    36. Peter L. Rousseau, 1999. "Share Liquidity and Industrial Growth in an Emerging Market: The Case of New England, 1854-1897," NBER Historical Working Papers 0117, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    37. Kiminori Matsuyama, 2007. "Aggregate Implications of Credit Market Imperfections," NBER Working Papers 13209, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    38. Riccardo Lucchetti & Luca Papi & Alberto Zazzaro, 2000. "Banks' inefficiency and economic growth: a micro-macro approach," Heterogeneity and monetary policy 0004, Universita di Modena e Reggio Emilia, Dipartimento di Economia Politica. [Downloadable!]
      Other versions:
    39. J. Stephen Ferris & Kishore Gawande, 1998. "Coordination Failures and Government Policy: Evidence from Emerging Countries," Carleton Economic Papers 98-03, Carleton University, Department of Economics. [Downloadable!]
      Other versions:
    40. Capasso, Salvatore, 2006. "Stock Market Development and Economic Growth," Working Papers RP2006/102, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    41. Stacey L. Schreft & Bruce D. Smith, 1999. "The evolution of cash transactions : some implications for monetary policy," Research Working Paper 99-02, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    42. Andrés Langebaek & Jaime Eduardo Ortíz, 2007. "Q De Tobin Y Gobierno Corporativo De Las Empresas Listadas En Bolsa," BORRADORES DE ECONOMIA 003960, BANCO DE LA REPÚBLICA. [Downloadable!]
    43. Yongfu Huang, 2005. "What determines financial development?," Bristol Economics Discussion Papers 05/580, Department of Economics, University of Bristol, UK. [Downloadable!]
    44. Yongfu Huang, 2006. "Private investment and financial development in a globalized world," Bristol Economics Discussion Papers 06/589, Department of Economics, University of Bristol, UK. [Downloadable!]
    45. Carton, Christine & Ronquillo , Cely, 2008. "Determinantes del crecimiento económico e intermediación bancaria: un análisis empírico para países latinoamericanos
      [Determinants of economic growth and bank intermediation: empirical analysi      ," MPRA Paper 15514, University Library of Munich, Germany, revised 25 Nov 2008. [Downloadable!]
    46. Koetter, Michael & Wedow, Michael, 2005. "Finance and growth in a bank-based economy: is it quantity or quality that matters?," Discussion Paper Series 2: Banking and Financial Studies 2006,02, Deutsche Bundesbank, Research Centre. [Downloadable!]
    47. J. François OUTREVILLE, 1999. "Financial Development, Human Capital And Political Stability," UNCTAD Discussion Papers 142, United Nations Conference on Trade and Development. [Downloadable!]
    48. Tuomas A. Peltonen & Ricardo M. Sousa & Isabel S. Vansteenkiste, 2009. "Asset prices, Credit and Investment in Emerging Markets," NIPE Working Papers 18/2009, NIPE - Universidade do Minho. [Downloadable!]
    49. Mechthild Schrooten, 2001. "Some Remarks on Japanese Finance, Growth and International Integration," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 70(4), pages 515-526.
    50. Ross Levine, 1997. "Napoleon, Bourses, and Growth in Latin America," RES Working Papers 4106, Inter-American Development Bank, Research Department. [Downloadable!]
    51. Stacey L. Schreft & Bruce D. Smith, 2001. "The conduct of monetary policy with a shrinking stock of government debt," Research Working Paper RWP 01-09, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    52. Kunieda, Takuma, 2008. "Finance and Growth Cycles," MPRA Paper 11340, University Library of Munich, Germany. [Downloadable!]
    53. Nicholas Apergis & Ioannis Filippidis & Claire Economidou, 2007. "Financial Deepening and Economic Growth Linkages: A Panel Data Analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 143(1), pages 179-198, April. [Downloadable!] (restricted)
    54. TRABELSI, Mohammed, 2002. "Finance and Growth : Empirical Evidence from Developing Countries, 1960-1990," Cahiers de recherche 2002-13, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
    55. Daron Acemoglu & Fabrizio Zilibotti, 1997. "Setting Standards: Information Accumulation in Development," Economics Working Papers 212, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
      Other versions:
    56. Manoj Pant & Prabal Roy Chowdhury & Gurbachan Singh, 2004. "Financial intermediation and employment," Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers 04-22, Indian Statistical Institute, New Delhi, India. [Downloadable!]
    57. Bernhard Eckwert & Burkhard Drees, 2007. "Implications of More Precise Information for Technological Development and Welfare," IMF Working Papers 07/95, International Monetary Fund. [Downloadable!]
    58. Ramón Tirado Jiménez, 2000. "Crecimiento con cambio tecnológico endógeno, bancos y dinero, El caso de una economía con firmas innovadoras," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 15(1), pages 91-116. [Downloadable!]
    59. Acemoglu, Daron & Zilibotti, Fabrizio, 1997. "Agency costs in the process of development," Seminar Papers 607, Stockholm University, Institute for International Economic Studies. [Downloadable!]
      Other versions:
    60. Peter L. Rousseau, 2002. "Historical Perspectives on Financial Development and Economic Growth," NBER Working Papers 9333, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    61. Wenli Cheng, 2007. "Financial Intermediation, Entrepreneurship And Economic Growth," Monash Economics Working Papers 18/07, Monash University, Department of Economics. [Downloadable!]
    62. Mark G. Guzman, 1999. "Bank structure, capital accumulation and growth: a simple macroeconomic model," Working Papers 99-07, Federal Reserve Bank of Dallas. [Downloadable!]
    63. Khan, Arshad & Qayyum, Abdul & Sheikh, Saeed, 2005. "Financial Development and Economic Growth: The Case of Pakistan," MPRA Paper 2145, University Library of Munich, Germany, revised 2005. [Downloadable!]
      Other versions:
    64. Beck, Thorsten & Levine, Ross & Loayza, Norman, 1999. "Finance and the sources of growth," Policy Research Working Paper Series 2057, The World Bank. [Downloadable!]
      Other versions:

  29. Bencivenga, Valerie R. & Smith, Bruce D. & Starr, Ross M., 1995. "Equity markets, transaction costs, and capital accumulation," Policy Research Working Paper Series 1456, The World Bank. [Downloadable!]

    Cited by:

    1. Stepan Jurajda & Janet Mitchell, 2001. "Markets and Growth," GE, Growth, Math methods 0111001, EconWPA. [Downloadable!]
      Other versions:
    2. Geert Bekaert & Campbell R. Harvey & Christian Lundblad, 2001. "Does Financial Liberalization Spur Growth?," NBER Working Papers 8245, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Feridun, Mete, 2006. "Long-Run Relationship between Economic Growth and Stock Returns: An Empirical Investigation on Canada and the United States," MPRA Paper 737, University Library of Munich, Germany. [Downloadable!]
    4. Jan Hanousek & Nauro F. Campos & Randall K. Filer, 2001. "Do Stock Markets Promote Economic Growth?," Finance 0012006, EconWPA. [Downloadable!]
      Other versions:
    5. Levine, Ross & Zervos, Sara, 1996. "Stock market development and long-run growth," Policy Research Working Paper Series 1582, The World Bank. [Downloadable!]
      Other versions:

  30. John H. Boyd & Sangmok Choi & Bruce D. Smith, 1995. "Inflation, financial markets, and capital formation," Working Papers 556, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. John Duffy & Maxim Nikitin, 2004. "Dollarization Traps," Econometric Society 2004 North American Summer Meetings 456, Econometric Society. [Downloadable!]
      Other versions:
    2. Chen,Derek Hung Chiat & Ranaweera,Thilakaratna & Storozhuk, Andriy, 2004. "The RMSM-S+P : a minimal poverty module for the RMSM-X," Policy Research Working Paper Series 3304, The World Bank. [Downloadable!]
    3. Bittencourt, Manoel, 2008. "Inflation and Financial Development: Evidence from Brazil," Working Papers RP2008/14, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
      Other versions:
    4. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2001. "Aggregate Price Shocks and Financial Stability: The United Kingdom 1796-1999," NBER Working Papers 8583, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    5. Kemal, A.R. & Qayyum, Abdul & Hanif , Muhammad N., 2004. "Financial Development and Economic Growth: Evidence from a Heterogeneous Panel of High Income Countries," MPRA Paper 10198, University Library of Munich, Germany. [Downloadable!]
    6. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    7. Bhattacharya, Joydeep, 2003. "Monetary Policy And The Distribution Of Income," Staff General Research Papers 11072, Iowa State University, Department of Economics. [Downloadable!]
    8. Bruce D. Smith & Mohsin S. Khan & A. Senhadji Semlali, . "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund. [Downloadable!]
      Other versions:
    9. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    10. Gaetano Antinolfi & David S. Kaplan, 2007. "Inflation and Establishment Turnover," Eastern Economic Journal, Eastern Economic Association, vol. 33(3), pages 317-341, Summer. [Downloadable!]
    11. Javier Andrés & Ignacio Hernando & J. David López-Salido, 1999. "The Role of the Financial System in the Growth-Inflation Link: the OECD Experience," Banco de España Working Papers 9920, Banco de España. [Downloadable!]
      Other versions:

  31. Stacey L. Schreft & Bruce D. Smith, 1994. "Money, banking, and capital formation," Working Paper 94-05, Federal Reserve Bank of Richmond. [Downloadable!]
    Published as:

    Cited by:

    1. Bhattacharya, Joydeep & Singh, Rajesh, 2006. "On the Usefulness of the Constrained Planning Problem in a Model of Money," Staff General Research Papers 12660, Iowa State University, Department of Economics. [Downloadable!]
    2. John Duffy & Maxim Nikitin, 2004. "Dollarization Traps," Econometric Society 2004 North American Summer Meetings 456, Econometric Society. [Downloadable!]
      Other versions:
    3. Leopold von Thadden, 2004. "Active monetary policy, passive fiscal policy and the value of pure debt: some further monetarist arithmetic," Money Macro and Finance (MMF) Research Group Conference 2003 108, Money Macro and Finance Research Group. [Downloadable!]
    4. Bruce D. Smith & Warren E. Weber, 1998. "Private money creation and the Suffolk Banking System," Working Papers 591, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    5. Bhattacharya, Joydeep & Haslag, Joseph & Russell, Steven, 2004. "The Role of Money in Two Alternative Models: When is the Friedman Rule Optimal, and Why?," Staff General Research Papers 11950, Iowa State University, Department of Economics. [Downloadable!]
      Other versions:
    6. Miquel Faig, 1999. "The Optimal structure of Liquidity Provided by a Self Financed Central Bank," Working Papers faig-99-01, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    7. Randall Wright, 2005. "Introduction to "Models of Monetary Economies II: The Next Generation"," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Oct, pages 2-9.
      Other versions:
    8. Bittencourt, Manoel, 2008. "Inflation and Financial Development: Evidence from Brazil," Working Papers RP2008/14, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
      Other versions:
    9. N Bose & J A Holman & K C Neanidis, 2005. "The Optimal Public Expenditure Financing Policy: Does the Level of Economic Development Matter?," Centre for Growth and Business Cycle Research Discussion Paper Series 57, Economics, The Univeristy of Manchester. [Downloadable!]
      Other versions:
    10. Joydeep Bhattacharya & Joseph H. Haslag & Antoine Martin, 2007. "Why does overnight liquidity cost more than intraday liquidity?," Staff Reports 281, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    11. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    12. Gersbach, Hans & Wenzelburger, Jan, 2005. "Do Risk Premia Protect from Banking Crises?," CEPR Discussion Papers 4935, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    13. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    14. Joydeep Bhattacharya & Joseph H. Haslag & Antoine Martin, 2004. "Heterogeneity, redistribution, and the Friedman rule," Research Working Paper RWP 04-01, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    15. Bhattacharya, Joydeep & Singh, Rajesh, 2005. "Optimal Choice of Monetary Instruments in an Economy with Real and Liquidity Shocks," Staff General Research Papers 12355, Iowa State University, Department of Economics. [Downloadable!]
    16. Stacey L. Schreft & Bruce D. Smith, 1999. "The evolution of cash transactions : some implications for monetary policy," Research Working Paper 99-02, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    17. Marco A. Espinosa & Chong K. Yip, 1995. "Fiscal and monetary policy interactions in an endogenous growth model with financial intermediaries," Working Paper 95-10, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    18. Sanjay Banerji & Ngo Van Long, 2000. "Can Financial Intermediation Induce Economic Fluctuations?," CIRANO Working Papers 2000s-51, CIRANO. [Downloadable!]
    19. Joseph H. Haslag & Joydeep Bhattacharya & Antoine Martin, 2007. "Money, output and the payment system: Optimal monetary policy in a model with hidden effort," Working Papers 0704, Department of Economics, University of Missouri. [Downloadable!]
    20. Caroline Betts & Elisabeth Huybens, 1999. "Financial Market Imperfections, Real Exchange Rates, and Capital Flows," Working Papers 9902, Centro de Investigacion Economica, ITAM. [Downloadable!]

  32. Valerie R. Bencivenga & Bruce D. Smith & Ross M. Starr, 1993. "Liquidity of Secondary Capital Markets: Allocative Efficiency and the Maturity Composition of the Capital Stock," University of California at San Diego, Economics Working Paper Series 92-24r, Department of Economics, UC San Diego.
    Published as:

    Cited by:

    1. John H. Boyd & Chun Chang & Bruce D. Smith, 1998. "Deposit insurance: a reconsideration," Working Papers 593, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    2. Demirguc-Kunt, Asli & Maksimovic, Vojislav, 1995. "Stock market development and firm financing choices," Policy Research Working Paper Series 1461, The World Bank. [Downloadable!]

  33. Valerie R. Bencivenga & Bruce D. Smith & Ross M. Starr, 1993. "Liquidity of Secondary Capital Markets, Capital Accumulation, and the Term Structure of Asset Yields," University of California at San Diego, Economics Working Paper Series 93-44, Department of Economics, UC San Diego.

    Cited by:

    1. John H. Boyd & Chun Chang & Bruce D. Smith, 1998. "Deposit insurance: a reconsideration," Working Papers 593, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:

  34. Cooley, T-F & Smith, B-D, 1993. "Financial Markets, Specialization, and Learning by Doing," Papers 93-01, Rochester, Business - Quantitative Methods Working Paper Series.
    Other versions:
    Published as:

    Cited by:

    1. Keith Blackburn & Niloy Bose & Salvatore Capasso, 2003. "Financial Development, Financing Choice and Economic Growth," CSEF Working Papers 96, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
      Other versions:
    2. Fernando Perera Tallo, 2003. "Government Expenditure in Enforcing the Law, Financial Intermediation and Development," Centro de Alti­simos Estudios Ri­os Pe©rez(CAERP) 10, Centro de Altisimos Estudios Rios Perez (CAERP). [Downloadable!]
    3. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
    4. Maurice Obstfeld, 1992. "Risk-taking, global diversification, and growth," Discussion Paper / Institute for Empirical Macroeconomics 61, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    5. Fernando Perera Tallo, 2003. "Technological Progress, Slow Growing Economies and Polarization," Centro de Alti­simos Estudios Ri­os Pe©rez(CAERP) 11, Centro de Altisimos Estudios Rios Perez (CAERP). [Downloadable!]
    6. Riccardo Lucchetti & Luca Papi & Alberto Zazzaro, 2000. "Banks' inefficiency and economic growth: a micro-macro approach," Heterogeneity and monetary policy 0004, Universita di Modena e Reggio Emilia, Dipartimento di Economia Politica. [Downloadable!]
      Other versions:
    7. Baochun Peng, 2000. "How Well Does the Market Allocate Entrepreneurs?," CRIEFF Discussion Papers 0025, Centre for Research into Industry, Enterprise, Finance and the Firm. [Downloadable!]
    8. Andrea Schertler, 2002. "Path Dependencies in Venture Capital Markets," Kiel Working Papers 1120, Kiel Institute for the World Economy. [Downloadable!]

  35. Smith, B.D. & Villamil, A.P., 1991. "Government Borrowing using Bonds with Randomly Determined Returns : Welfare Improving Randomization in the Context of Deficit Finance," RCER Working Papers 287, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. Stacey Schreft & Bruce Smith, 2008. "The social value of risk-free government debt," Annals of Finance, Springer, vol. 4(2), pages 131-155, March. [Downloadable!] (restricted)
      Other versions:
    2. Stephanie Bell, 2000. "Functional Finance: What, Why, and How?," Macroeconomics 0004031, EconWPA. [Downloadable!]
    3. Mauro Guillén & Adrian Tschoegl, 2002. "Banking on Gambling: Banks and Lottery-Linked Deposit Accounts," Journal of Financial Services Research, Springer, vol. 21(3), pages 219-231, June. [Downloadable!] (restricted)
      Other versions:

  36. Cooley, T.F. & Smith, B.D., 1991. "Indivisible Assets, Equilibrium, and the Value of Intermediary Output," Papers 90-05, Rochester, Business - General.
    Other versions:

    Cited by:

    1. Zsolt Becsi & Ping Wang & Mark A. Wynne, 1998. "Endogenous market structures and financial development," Working Paper 98-15, Federal Reserve Bank of Atlanta. [Downloadable!]
    2. Zsolt Becsi & Ping Wang & Mark A. Wynne, 1998. "Costly intermediation and the big push," Working Paper 98-16, Federal Reserve Bank of Atlanta. [Downloadable!]

  37. Champ, B. & Snith, B.D. & Williamson, D.S., 1991. "Currency Elasticity and Banking Panics: Theory and Evidence," RCER Working Papers 292, University of Rochester - Center for Economic Research (RCER).
    Other versions:
    Published as:

    Cited by:

    1. Bhattacharya, Joydeep & Singh, Rajesh, 2006. "On the Usefulness of the Constrained Planning Problem in a Model of Money," Staff General Research Papers 12660, Iowa State University, Department of Economics. [Downloadable!]
    2. Antoine Martin, 2001. "Liquidity provision vs. deposit insurance : preventing bank panics without moral hazard?," Research Working Paper RWP 01-05, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    3. John Duffy & Maxim Nikitin, 2004. "Dollarization Traps," Econometric Society 2004 North American Summer Meetings 456, Econometric Society. [Downloadable!]
      Other versions:
    4. Antoine Martin, 2008. "Reconciling Bagehot with the Fed's response to September 11," Staff Reports 217, Federal Reserve Bank of New York. [Downloadable!]
    5. Bruce D. Smith & Warren E. Weber, 1998. "Private money creation and the Suffolk Banking System," Working Papers 591, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    6. Claeys, Sophie & Schoors, Koen, 2007. "Bank supervision Russian style: Evidence of conflicts between micro- and macroprudential concerns," Working Paper Series 205, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
      Other versions:
    7. Bhattacharya, Joydeep & Haslag, Joseph & Russell, Steven, 2004. "The Role of Money in Two Alternative Models: When is the Friedman Rule Optimal, and Why?," Staff General Research Papers 11950, Iowa State University, Department of Economics. [Downloadable!]
      Other versions:
    8. Koen Schoors & Konstantin Sonin, 2005. "Passive Creditors," William Davidson Institute Working Papers Series wp737, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    9. Douglas W. Diamond & Raghuram G. Rajan, 2003. "Money in a Theory of Banking," NBER Working Papers 10070, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    10. Stephen D. Williamson, 1998. "Discount Window Lending and Deposit Insurance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 246-275, January. [Downloadable!] (restricted)
      Other versions:
    11. Joseph H. Haslag & Joydeep Bhattacharya & Antoine Martin, 2004. "Sub-Optimality of the Friedman Rule in Townsends Turnpike and Limited Communication Models of money: Do finite lives and initial dates matter?," Working Papers 0415, Department of Economics, University of Missouri, revised 21 Dec 2004. [Downloadable!]
    12. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money: expanded version," Working Papers 2001-011, Federal Reserve Bank of St. Louis. [Downloadable!]
    13. Jon R. Moen & Ellis W. Tallman, 1999. "Why didn't the United States establish a central bank until after the panic of 1907?," Working Paper 99-16, Federal Reserve Bank of Atlanta. [Downloadable!]
    14. KOBAYASHI Keiichiro, 2009. "A Monetary Model of Banking Crises," Discussion papers 09036, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    15. William Roberds, 1997. "What's really new about the new forms of retail payment?," Economic Review, Federal Reserve Bank of Atlanta, issue Q 1, pages 32-45. [Downloadable!]
    16. Asaf Bernstein & Eric Hughson & Marc D. Weidenmier, 2008. "Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed," NBER Working Papers 14422, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    17. Joydeep Bhattacharya & Joseph H. Haslag & Antoine Martin, 2007. "Why does overnight liquidity cost more than intraday liquidity?," Staff Reports 281, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    18. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    19. Scott Freeman, 2002. "Payments and Output," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(3), pages 602-617, July. [Downloadable!] (restricted)
    20. James Bullard & Bruce D. Smith, 2002. "Intermediaries and payments instruments," Working Papers 2002-006, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    21. Niinimäki, Juha-Pekka, 2002. "Bank panics in transition economies," BOFIT Discussion Papers 2/2002, Bank of Finland, Institute for Economies in Transition. [Downloadable!]
    22. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money," Working Papers 2000-027, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    23. Goetz von Peter, 2003. "A Unified Approach to Credit Crunches, Financial Instability, and Banking Crises," Macroeconomics 0312006, EconWPA. [Downloadable!]
    24. Robert A. Eisenbeis, 2006. "Home country versus cross-border negative externalities in large banking organization failures and how to avoid them," Working Paper 2006-18, Federal Reserve Bank of Atlanta. [Downloadable!]
    25. James Peck & Karl Shell, 2003. "Bank Portfolio Restrictions and Equilibrium Bank Runs," Levine's Bibliography 666156000000000077, UCLA Department of Economics. [Downloadable!]
      Other versions:
    26. Bruce Champ, 2007. "The National Banking System: the national bank note puzzle," Working Paper 0722, Federal Reserve Bank of Cleveland. [Downloadable!]
    27. Antoine Martin & Cyril Monnet & Warren E. Weber, 2000. "Costly banknote issuance and interest rates under the national banking system," Working Papers 601, Federal Reserve Bank of Minneapolis. [Downloadable!]
    28. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    29. Saunders, Drew, 2006. "The Elastic Provision of Liquidity by Private Agents," Purdue University Economics Working Papers 1195, Purdue University, Department of Economics. [Downloadable!]
    30. Costas Azariadis & James Bullard & Bruce Smith, 2000. "Private and public circulating liabilities," Working Papers 2000-012, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    31. Bruce D. Smith & Gianni De Nicoló & John H. Boyd, 2003. "Crisis in Competitive versus Monopolistic Banking Systems," IMF Working Papers 03/188, International Monetary Fund. [Downloadable!]
      Other versions:
    32. Charles M. Kahn & William Roberds, 1999. "Real-time gross settlement and the costs of immediacy," Working Paper 98-21, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    33. Gaetano Antinolfi & Elisabeth Huybens, 2000. "Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort," Econometric Society World Congress 2000 Contributed Papers 1156, Econometric Society. [Downloadable!]
      Other versions:
    34. Stacey L. Schreft & Bruce D. Smith, 1994. "Money, banking, and capital formation," Working Paper 94-05, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    35. Stephen D. Williamson, 2002. "Private money and counterfeiting," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 37-57. [Downloadable!]
    36. Sophie Claeys, & Gleb Lanine & Koen Schoors, 2005. "Bank Supervision Russian style: Rules versus Enforcement and Tacit Objectives," William Davidson Institute Working Papers Series wp778, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    37. Bruce Champ, 2007. "The National Banking System: empirical observations," Working Paper 0719, Federal Reserve Bank of Cleveland. [Downloadable!]
    38. Bhattacharya, Joydeep & Singh, Rajesh, 2005. "Optimal Choice of Monetary Instruments in an Economy with Real and Liquidity Shocks," Staff General Research Papers 12355, Iowa State University, Department of Economics. [Downloadable!]
    39. Jonathan Chiu & Alexandra Lai, 2007. "Modelling Payments Systems: A Review of the Literature," Working Papers 07-28, Bank of Canada. [Downloadable!]
    40. David R. Skeie, 2008. "Banking with nominal deposits and inside money," Staff Reports 242, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    41. Goetz von Peter, 2004. "Asset Prices and Banking Distress: A Macroeconomic Approach," Finance 0411034, EconWPA. [Downloadable!]
      Other versions:
    42. Gaetano Antinolfi & Todd Keister, 2003. "Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium," Working Papers 0305, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:
    43. Russell Cooper & Dean Corbae, 2001. "Financial collapse and active monetary policy: a lesson from the Great Depression," Staff Report 289, Federal Reserve Bank of Minneapolis. [Downloadable!]
    44. Matias Fontenla, 2004. "Banks and Capital Inflows," Econometric Society 2004 Latin American Meetings 272, Econometric Society. [Downloadable!]
    45. Stacey L. Schreft & Bruce D. Smith, 1999. "The evolution of cash transactions : some implications for monetary policy," Research Working Paper 99-02, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    46. Carlos Gustavo Machicado, 2006. "Liquidity Shocks and the Dollarization of a Banking System," Development Research Working Paper Series 09/2006, Institute for Advanced Development Studies. [Downloadable!]
      Other versions:
    47. Franklin Allen & Douglas Gale, 2003. "Financial Fragility, Liquidity and Asset Prices," Center for Financial Institutions Working Papers 01-37, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    48. Scott Freeman, 1993. "Clearinghouse banks and banknote over-issue," Research Paper 9326, Federal Reserve Bank of Dallas. [Downloadable!]
      Other versions:
    49. Hongfei Sun & Xiuhua Huangfu, 2007. "Private Money and Bank Runs," Working Papers 1145, Queen's University, Department of Economics. [Downloadable!]
    50. Marco A. Espinosa & Chong K. Yip, 1995. "Fiscal and monetary policy interactions in an endogenous growth model with financial intermediaries," Working Paper 95-10, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    51. S. CLAEYS & G. LANINE & K. SCHOORs, 2005. "Bank Supervision Russian Style: Rules vs Enforcement and Tacit Objectives," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/307, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
    52. Allen Head & Junfeng Qiu, 2007. "Elastic Money, Inflation, and Interest Rate Policy," Working Papers 1152, Queen's University, Department of Economics. [Downloadable!]
    53. Joseph H. Haslag & Joydeep Bhattacharya & Antoine Martin, 2007. "Money, output and the payment system: Optimal monetary policy in a model with hidden effort," Working Papers 0704, Department of Economics, University of Missouri. [Downloadable!]
    54. Franklin Allen & Douglas Gale, 2003. "Financial Intermediaries and Markets," Center for Financial Institutions Working Papers 00-44, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
      Other versions:
    55. Sangmok Choi & Bruce D. Smith & John H. Boyd, 1996. "Inflation, financial markets and capital formation," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages 9-35. [Downloadable!]
      Other versions:
    56. Caroline Betts & Elisabeth Huybens, 1999. "Financial Market Imperfections, Real Exchange Rates, and Capital Flows," Working Papers 9902, Centro de Investigacion Economica, ITAM. [Downloadable!]
    57. Carlos Gustavo Machicado, 2007. "Growth and Banking Structure in a Partially Dollarized Economy," Development Research Working Paper Series 02/2007, Institute for Advanced Development Studies. [Downloadable!]
    58. Bruce D. Smith, 2002. "Monetary Policy, Banking Crises, and the Friedman Rule," American Economic Review, American Economic Association, vol. 92(2), pages 128-134, May. [Downloadable!]
    59. Ellis W. Tallman & Jon R. Moen, 2007. "Liquidity creation without a lender of last resort: clearinghouse loan certificates in the Banking Panic of 1907," Working Paper 2006-23, Federal Reserve Bank of Atlanta. [Downloadable!]
    60. Stephen Williamson, 2000. "The Research Agenda: Payment Systems and Private Money," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 2(1), November. [Downloadable!]

  38. Boyd, J.h. & Smith, B.D., 1991. "The Equilibrium Allocation of Investment Capital in the Presence of Adverse Selection and Costly State Verification," RCER Working Papers 289, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. Reichlin, Pietro & Siconolfi, Paolo, 2000. "Optimal Debt Contracts and Moral Hazard Along the Business Cycle," CEPR Discussion Papers 2351, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    2. Gersbach, H. & Uhlig, H., 1998. "Debt contracts, collapse and regulation as competition phenomena," Discussion Paper 1, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    3. Ludovic Renou, 2008. "Multi-lender coalitions in costly state verification models," Economic Theory, Springer, vol. 36(3), pages 407-433, September. [Downloadable!] (restricted)
    4. Edward J. Green & Soo-Nam Oh, 1991. "Can a "credit crunch" be efficient?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall, pages 3-17. [Downloadable!]
    5. Bénédicte Coestier & Nathalie Fombaron, 2003. "L'audit en assurance," THEMA Working Papers 2003-41, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
    6. Vesa Kanniainen & Rune Stenbacka, 1997. "Project Monitoring and Banking Competition under Adverse Selection," CIG Working Papers FS IV 97-23, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG), revised Oct 1998. [Downloadable!]
    7. Ludovic RENOU, 2003. "Beliefs about Beliefs and Endogenous Formation of a Multi-lender Coalition in a Costly State Verification Model," Economics Working Papers ECO2003/21, European University Institute. [Downloadable!]
    8. G. Carlier & L. Renou, 2005. "Debt contracts with ex-ante and ex-post asymmetric information: an example," Game Theory and Information 0502003, EconWPA. [Downloadable!]
      Other versions:
    9. Alberto Martin, 2008. "Adverse Selection, Credit, and Efficiency: the Case of the Missing Market," Economics Working Papers 1085, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2009. [Downloadable!]
    10. Stanley D. Longhofer, 1994. "Bankruptcy rules and debt contracting: on the relative efficiency of absolute priority, proportionate priority, and first-come, first-served rules," Working Paper 9415, Federal Reserve Bank of Cleveland. [Downloadable!]
    11. Stanley D. Longhofer, 1997. "Absolute priority rule violations, credit rationing, and efficiency," Working Paper 9710, Federal Reserve Bank of Cleveland. [Downloadable!]

  39. Smith, B.D., 1990. "Sectoral Employment And Cyclical Fluctuations In An Adverse Selection Model," RCER Working Papers 218, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. Paul Frijters, 1997. "Capital scarcities as a reason for high unemployment in the European Union," Macroeconomics 9706002, EconWPA. [Downloadable!]
      Other versions:
    2. Bhattacharya, J. & Chankraborty, S., 2003. "What do information frictions do?," Discussion Paper 21, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    3. Patrick K. Asea & S. Brock Blomberg, 1997. "Lending Cycles," NBER Working Papers 5951, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:

  40. Bencivenga, V.R. & Smith, B.D., 1990. "Deficits, Inflation, And The Banking System In Developing Countries: The Optimal Degree Of Financial Repression," RCER Working Papers 214, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. David Hauner, 2006. "Fiscal Policy and Financial Development," IMF Working Papers 06/26, International Monetary Fund. [Downloadable!]
    2. Renu Kohli & Kenneth Kletzer, 2001. "Financial Repression and Exchange Rate Management in Developing Countries: Theory and Empirical Evidence for India," IMF Working Papers 01/103, International Monetary Fund. [Downloadable!]
    3. Ari Aisen & David Hauner, 2008. "Budget Deficits and Interest Rates: A Fresh Perspective," IMF Working Papers 08/42, International Monetary Fund. [Downloadable!]
    4. Rangan Gupta, 2005. "Endogenous Tax Evasion and Reserve Requirements: A Comparative Study in the Context of European Economies," Computing in Economics and Finance 2005 328, Society for Computational Economics. [Downloadable!]
    5. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    6. Ang, James, 2009. "Financial Liberalization Or Repression?," MPRA Paper 14497, University Library of Munich, Germany. [Downloadable!]
    7. Joseph H. Haslag & Eric R. Young, 1998. "Money Creation, Reserve Requirements, and Seigniorage," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(3), pages 677-698, July. [Downloadable!] (restricted)
      Other versions:
    8. Bhattacharya, Joydeep, 2003. "Monetary Policy And The Distribution Of Income," Staff General Research Papers 11072, Iowa State University, Department of Economics. [Downloadable!]
    9. Bruce D. Smith & Mohsin S. Khan & A. Senhadji Semlali, . "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund. [Downloadable!]
      Other versions:
    10. Denizer, Cevdet & Desai, Raj M. & Gueorguiev, Nikolay, 1998. "The political economy of financial repression in transition economies," Policy Research Working Paper Series 2030, The World Bank. [Downloadable!]
    11. Demirguc-Kunt, Asli, 2006. "Finance and economic development : policy choices for developing countries," Policy Research Working Paper Series 3955, The World Bank. [Downloadable!]
    12. King, Robert G. & Levine, Ross, 1992. "Financial indicators and growth in a cross section of countries," Policy Research Working Paper Series 819, The World Bank. [Downloadable!]
    13. de la Torre, Augusto & Gozzi, Juan Carlos & Schmukler, Sergio L., 2007. "Capital market development : whither Latin America ?," Policy Research Working Paper Series 4156, The World Bank. [Downloadable!]
      Other versions:
    14. Marco A. Espinosa & Chong K. Yip, 1995. "Fiscal and monetary policy interactions in an endogenous growth model with financial intermediaries," Working Paper 95-10, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    15. Rangan Gupta, 2004. "Costly State Monitoring and Reserve Requirements," Working papers 2004-33, University of Connecticut, Department of Economics, revised Jul 2005. [Downloadable!]
    16. Tullio Jappelli & Marco Pagano, 1998. "The Welfare Effects of Liquidity Constraints," CSEF Working Papers 13, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
      Other versions:

  41. Azariadis, C. & Smith, B.D., 1989. "Adverse Selection In The Overlapping Generations Model," RCER Working Papers 202, University of Rochester - Center for Economic Research (RCER).

    Cited by:

    1. S.L. Schreft & A.P. Villamil, 1990. "Liquidity constraints in commercial loan markets with imperfect information and imperfect competition," Working Paper 90-10, Federal Reserve Bank of Richmond. [Downloadable!]
    2. Niloy Bose & Rebecca Neumann, 2005. "Explaining the Trend and the Diversity in the Evolution of the Stock Market," cege – Center for European, Governance and Economic Development Research Discussion Papers 47, cege – Center for European, Governance and Economic Development Research, University of Goettingen (Germany).. [Downloadable!]

  42. John H. Boyd & Edward C. Prescott & Bruce D. Smith, 1988. "Organizations in economic analysis," Working Papers 385, Federal Reserve Bank of Minneapolis.
    Published as:

    Cited by:

    1. Cheng Wang & Stephen D. Williamson, 1993. "Adverse Selection in Credit Markets with Costly Screening," Finance 9310001, EconWPA, revised 02 Nov 1993. [Downloadable!]
    2. Alberto Bisin & Piero Gottardi, 2005. "Efficient Competitive Equilibria with Adverse Selection," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    3. Pierre Picard, 2009. "Participating insurance contracts and the Rothschild-Stiglitz equilibrium puzzle," Working Papers hal-00413825_v1, HAL. [Downloadable!]
    4. Jeffrey M. Lacker & John A. Weinberg, 1990. "A "coalition proof" equilibrium for a private information credit economy," Working Paper 90-08, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    5. Lazarova, Emiliya & Borm, Peter & Velzen, Bas van, 2005. "Contracts and insurance group formation by myopic players," Discussion Paper 89, Tilburg University, Center for Economic Research. [Downloadable!]
    6. Hendrik Hakenes & Isabel Schnabel, 2006. "The Threat of Capital Drain: A Rationale for Public Banks?," Discussion Papers 107, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
      Other versions:
    7. Jeffrey M. Lacker & John A. Weinberg, 1995. "The coalition-proof core in adverse selection economies," Working Paper 94-09, Federal Reserve Bank of Richmond. [Downloadable!]

  43. Smith, B.D., 1988. "A Model Of Nominal Contracts," RCER Working Papers 149, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. Carola Pessino, 1996. "Returns to Education in Greater Buenos Aires 1986-1993: From Hyperinflation to Stabilization and Beyond," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 33(99), pages 205-226. [Downloadable!]
    2. Joseph G. Haubrich & Robert G. King, 1990. "Sticky prices, money, and business fluctuations," Working Paper 9008, Federal Reserve Bank of Cleveland. [Downloadable!]
      Other versions:
    3. Scott Freeman & Guido Tabellini, 1991. "The Optimality of Nominal Contracts," NBER Technical Working Papers 0110, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. Carola Pessino, 1993. "From Aggregate Shocks to Labor Market Adjustments: Shifting of Wage Profiles Under Hyperinflation in Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 95, Universidad del CEMA. [Downloadable!]

  44. Smith, B.D., 1988. "Interest On Reserves And Sunspot Equilibria: Friedman'S Proposal Reconsidered," RCER Working Papers 119, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. Mark G. Guzman, 2006. "The impact of paying interest on reserves in the presence of government deficit financing," Economics & Management Discussion Papers em-dp2006-39, Henley Business School, Reading University. [Downloadable!]
      Other versions:
    2. Bhattacharya, Joydeep & Haslag, Joseph & Russell, Steven, 2004. "The Role of Money in Two Alternative Models: When is the Friedman Rule Optimal, and Why?," Staff General Research Papers 11950, Iowa State University, Department of Economics. [Downloadable!]
      Other versions:
    3. Huberto M. Ennis & Todd Keister, 2003. "Aggregate demand management with multiple equilibria," Working Paper 03-04, Federal Reserve Bank of Richmond. [Downloadable!]
    4. Joe Haslag & Joydeep Bhattacharya & Steven Russell, 2003. "Understanding the Roles of Money, or When is the Friedman Rule Optimal, and Why?," Working Papers 0301, Department of Economics, University of Missouri. [Downloadable!]
    5. Joseph H. Haslag, 1995. "A comparison of alternative monetary environments," Working Papers 95-11, Federal Reserve Bank of Dallas. [Downloadable!]
    6. William Roberds, 1997. "What's really new about the new forms of retail payment?," Economic Review, Federal Reserve Bank of Atlanta, issue Q 1, pages 32-45. [Downloadable!]
    7. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    8. Costas Azariadis & James Bullard & Lee Ohanian, 2001. "Trend-reverting fluctuations in the life-cycle model," Working Papers 1998-015, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    9. Marco Espinosa-Vega & Steven Russell, 1999. "A public finance analysis of multiple reserve requirements," Working Paper 99-19, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    10. Hueth, Brent & Ibarbaru, Maro & Kliebenstein, James, 2006. "Business Organization and Coordination in Marketing Specialty Hogs: A Comparative Analysis of Two Firms from Iowa," Staff General Research Papers 11328, Iowa State University, Department of Economics. [Downloadable!]
      Other versions:
    11. Richard C. Barnett & Joydeep Bhattacharya, 2007. "Rejuveniles and Growth," Economics Working Papers 2007-11, School of Economics and Management, University of Aarhus. [Downloadable!]
      Other versions:
    12. Marvin Goodfriend, 2002. "Interest on reserves and monetary policy," Economic Policy Review, Federal Reserve Bank of New York, issue May, pages 77-84. [Downloadable!]
    13. Patrick Honohan, 1994. "The Fiscal Approach to Financial Intermediation Policy," Papers WP049, Economic and Social Research Institute (ESRI). [Downloadable!]
    14. Stacey L. Schreft & Bruce D. Smith, 2001. "The conduct of monetary policy with a shrinking stock of government debt," Research Working Paper RWP 01-09, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    15. Sanjay Banerji & Ngo Van Long, 2000. "Can Financial Intermediation Induce Economic Fluctuations?," CIRANO Working Papers 2000s-51, CIRANO. [Downloadable!]
    16. Scott Freeman & Joseph H. Haslag, 1995. "Should bank reserves earn interest?," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q IV, pages 25-33. [Downloadable!]

  45. Bencivenga, V.R. & Smith, B.D., 1988. "Some Consequences Of Credit Rationing In An Endogenous Growth Model," RCER Working Papers 159, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. Nabi, Mahmoud Sami & Suliman, Mohamed Osman, 2008. "The Institutional Environment and the Banking - Growth Nexus: Theory and Investigation for MENA," MPRA Paper 11854, University Library of Munich, Germany. [Downloadable!]
    2. Luca Deidda & B. Fattouh, 2002. "Concentration in the banking industry and economic growth," Working Paper CRENoS 200202, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
      Other versions:
    3. Ho , Wai-Hong & Wang, Yong, 2009. "Capital Income Taxation Revisited: The Role of Information Asymmetry in the Credit Market," MPRA Paper 17040, University Library of Munich, Germany. [Downloadable!]
    4. Maria Fuensanta Morales, 2000. "Financial Intermediation in a Model of Growth Through Creative Destruction," Econometric Society World Congress 2000 Contributed Papers 0914, Econometric Society. [Downloadable!]
    5. Salvatore Capasso, 2006. "Stock Market Development and Economic Growth: A Matter of Information Dynamics," CSEF Working Papers 166, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
    6. Been-Lon Chen & Yeong-Yuh Chiang & Ping Wang, 2000. "Credit Market Imperfections, Financial Activity and Economic Growth," Working Papers 0020, Department of Economics, Vanderbilt University. [Downloadable!]
    7. Maimbo, Samuel Munzele & Mavrotas, George, 2003. "Financial Sector Reforms and Savings Mobilization in Zambia," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    8. Maria Fuensanta Morales, 2001. "Financial Intermediation in a Model of Growth through Creative Destruction," UFAE and IAE Working Papers 487.01, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
    9. Florian Pelgrin, 2004. "Contraintes de liquidité et capital humain dans une petite économie ouverte," Working Papers 04-13, Bank of Canada. [Downloadable!]
    10. Bhattacharya, J. & Chankraborty, S., 2003. "What do information frictions do?," Discussion Paper 21, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    11. James B. Ang, 2007. "A Survey Of Recent Developments In The Literature Of Finance And Growth," Monash Economics Working Papers 03/07, Monash University, Department of Economics. [Downloadable!]
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    12. Conceição Pereira, 2003. "The Effects of Households’ and Firms’ Borrowing Constraints on Economic Growth," GEMF Working Papers 2003-04, GEMF - Faculdade de Economia, Universidade de Coimbra. [Downloadable!]
    13. Aleksander Berentsen & Mariana Rojas Breu & Shouyong Shi, 2009. "Liquidity, innovation and growth," IEW - Working Papers iewwp441, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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    14. Ryo, Horii & Kazuhiro, Yamamoto & Ryoji, Ohdoi, 2008. "Financial infrastructure, technological shift, and inequality in economic development," MPRA Paper 7919, University Library of Munich, Germany. [Downloadable!]
    15. Ho , Wai-Hong & Wang, Yong, 2008. "Asymmetric Information, Auditing Commitment and Economic Growth," MPRA Paper 17469, University Library of Munich, Germany. [Downloadable!]
    16. Thierry Tressel, 1999. "Financial Intermediation and Growth: Long Run Consequences of Capital Market Imperfections," CSEF Working Papers 20, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
    17. Ryo Horii & Ryoji Ohdoi & Kazuhiro Yamamoto, 2005. "Finance, Technology and Inequality in Economic Development," Development and Comp Systems 0504004, EconWPA, revised 31 Jul 2005. [Downloadable!]
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    18. Ho, Wai-Hong, 2008. "Credit Market Development and Human Capital Accumulation," MPRA Paper 16760, University Library of Munich, Germany. [Downloadable!]
    19. Ana Hidalgo-Cabrillana, 2004. "Does Asymmetric Information Promote Talented People?," Economics Working Papers we042809, Universidad Carlos III, Departamento de Economía. [Downloadable!]
    20. Philippe Aghion & Peter Howitt & David Mayer-Foulkes, 2004. "The Effect of Financial Development on Convergence: Theory and Evidence," NBER Working Papers 10358, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    21. Fiaschi, Alessandro, 2008. "A note about credit rationing on research and development," MPRA Paper 12300, University Library of Munich, Germany, revised 10 Dec 2008. [Downloadable!]
    22. Niloy Bose & Rebecca Neumann, 2005. "Explaining the Trend and the Diversity in the Evolution of the Stock Market," cege – Center for European, Governance and Economic Development Research Discussion Papers 47, cege – Center for European, Governance and Economic Development Research, University of Goettingen (Germany).. [Downloadable!]
    23. Felix Eschenbach, 2004. "Finance and Growth: A Survey of the Theoretical and Empirical Literature," Tinbergen Institute Discussion Papers 04-039/2, Tinbergen Institute. [Downloadable!]
    24. Carton, Christine & Ronquillo , Cely, 2008. "Determinantes del crecimiento económico e intermediación bancaria: un análisis empírico para países latinoamericanos
      [Determinants of economic growth and bank intermediation: empirical analysi      ," MPRA Paper 15514, University Library of Munich, Germany, revised 25 Nov 2008. [Downloadable!]
    25. Koetter, Michael & Wedow, Michael, 2005. "Finance and growth in a bank-based economy: is it quantity or quality that matters?," Discussion Paper Series 2: Banking and Financial Studies 2006,02, Deutsche Bundesbank, Research Centre. [Downloadable!]
    26. Maria Pereira, 2008. "The effects of households’ and firms’ borrowing constraints on economic growth," Portuguese Economic Journal, Springer, vol. 7(1), pages 1-16, April. [Downloadable!] (restricted)
    27. Salvatore Capasso, 2004. "Stock market development and economic growth: a matter of informational problems," Money Macro and Finance (MMF) Research Group Conference 2003 10, Money Macro and Finance Research Group. [Downloadable!]
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    28. Bruno Amable & Jean-Bernard Chatelain & Kirsten Ralf, 2004. ""Deep Pockets": Research and Development Persistence and Economic Growth," Money Macro and Finance (MMF) Research Group Conference 2004 47, Money Macro and Finance Research Group, revised 13 Oct 2004. [Downloadable!]
    29. Robert Townsend & Rolf Mueller, 1998. "Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 119-172, January. [Downloadable!] (restricted)
    30. Yuan K. Chou, 2007. "Modeling Financial Innovation and Economic Growth: Why the Financial Sector Matters to the Real Economy," Journal of Economic Education, Helen Dwight Reid Foundation, vol. 38(1), pages 78-91. [Downloadable!]
    31. Fu-Sheng Hung, 2009. "Explaining the nonlinear effects of financial development on economic growth," Journal of Economics, Springer, vol. 97(1), pages 41-65, May. [Downloadable!] (restricted)
    32. Sangmok Choi & Bruce D. Smith & John H. Boyd, 1996. "Inflation, financial markets and capital formation," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages 9-35. [Downloadable!]
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    33. Mark G. Guzman, 1999. "Bank structure, capital accumulation and growth: a simple macroeconomic model," Working Papers 99-07, Federal Reserve Bank of Dallas. [Downloadable!]
    34. Pighi Braila & Francesco Magris, 2000. "Money and Credit in a Production Economy," CSEF Working Papers 46, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]

  46. Bencivenga, V.R. & Smith, B.D., 1988. "Financial Intermediation And Endogenous Growth," RCER Working Papers 124, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. Jalan, Jyotsna & Ravallion, Martin, 1998. "Behavioral responses to risk in rural China," Policy Research Working Paper Series 1978, The World Bank. [Downloadable!]
      Other versions:
    2. Greenwood, Jeremy & Sanchez, Juan M & Wang, Cheng, 2007. "Financing Development: The Role of Information Costs," Staff General Research Papers 12848, Iowa State University, Department of Economics. [Downloadable!]
      Other versions:
    3. Harry P. Bowen & Haris Munandar & Jean-Marie Viaene, 2005. "The Limiting Distribution of Production in Integrated Economies: Evidence from US States and EU Countries," Tinbergen Institute Discussion Papers 05-045/2, Tinbergen Institute, revised 01 2006. [Downloadable!]
    4. Levine, Ross, 1992. "Financial structures and economic development," Policy Research Working Paper Series 849, The World Bank. [Downloadable!]
      Other versions:
    5. Joe Haslag & Antoine Martin, 2003. "Optimality of the Friedman Rule in Overlapping Generations Model with Spatial Separation," Working Papers 0306, Department of Economics, University of Missouri. [Downloadable!]
      Other versions:
    6. Thorsten Beck & Ross Levine, 2002. "Stock Markets, Banks, and Growth: Panel Evidence," NBER Working Papers 9082, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    7. Keith Blackburn & Niloy Bose & Salvatore Capasso, 2003. "Financial Development, Financing Choice and Economic Growth," CSEF Working Papers 96, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
      Other versions:
    8. Nabi, Mahmoud Sami & Suliman, Mohamed Osman, 2008. "The Institutional Environment and the Banking - Growth Nexus: Theory and Investigation for MENA," MPRA Paper 11854, University Library of Munich, Germany. [Downloadable!]
    9. Nirvikar Singh & T. Srinivasan, 2004. "Fiscal Policy in India: Lessons and Priorities," Santa Cruz Department of Economics, Working Paper Series 1022, Department of Economics, UC Santa Cruz. [Downloadable!]
      Other versions:
    10. Guariglia, Alessandra & Santos-Paulino, Amelia U., 2008. "Export Productivity, Finance, and Economic Growth: Are the Southern Engines of Growth Different?," Working Papers RP2008/27, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    11. Oludele A. Akinboade, 2000. "The relationship between financial deepening and economic growth in Tanzania," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(7), pages 939-950.
    12. Luca Deidda & B. Fattouh, 2002. "Concentration in the banking industry and economic growth," Working Paper CRENoS 200202, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
      Other versions:
    13. Soedarmono, Wahyoe & Augier, Laurent, 2009. "Threshold Effect and Financial Intermediation in Economic Development," MPRA Paper 14905, University Library of Munich, Germany. [Downloadable!]
    14. Ralf Bebenroth & Diemo Dietrich & Uwe Vollmer, 2009. "Bank regulation and supervision in bank-dominated financial systems: a comparison between Japan and Germany," European Journal of Law and Economics, Springer, vol. 27(2), pages 177-209, April. [Downloadable!] (restricted)
    15. Cevdet A. Denizer & Murat F. Iyigun & Ann Owen, 2002. "Finance and Macroeconomic Volatility," The B.E. Journal of Macroeconomics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]
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    16. Rajan, Raghuram G & Zingales, Luigi, 2001. "The Great Reversals: The Politics of Financial Development in the 20th Century," CEPR Discussion Papers 2783, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    17. Maswana, Jean-Claude, 2006. "An empirical investigation around the finance-growth puzzle in China with a particular focus on causality and efficiency considerations," MPRA Paper 3946, University Library of Munich, Germany, revised Apr 2006. [Downloadable!]
    18. António Antunes & Tiago Cavalcanti & Anne Villamil, 2006. "The Effect of Financial Repression & Enforcement on Entrepreneurship and Economic Development," SCAPE Policy Research Working Paper Series 0610, National University of Singapore, Department of Economics, SCAPE. [Downloadable!]
    19. Constanza Martínez, 2008. "The Effects Of Financial Intermediation On Colombian Economic Growth," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE. [Downloadable!]
    20. Roger B. Atindéhou & Jean Pierre Gueyie & Edoh Kossi Amenounve, 2005. "Financial intermediation and economic growth: evidence from Western Africa," Applied Financial Economics, Taylor and Francis Journals, vol. 15(11), pages 777-790, July. [Downloadable!] (restricted)
    21. Veronika Dolar & Césaire Meh, 2002. "Financial Structure and Economic Growth: A Non-Technical Survey," Working Papers 02-24, Bank of Canada. [Downloadable!]
    22. Suleiman Abu-Bader & Aamer Abu-Qarn, 2006. "Financial Developent and Economic Growth Nexus: Time Series Evidence from Middle Eastern and North African Countries," Working Papers 223, Ben-Gurion University of the Negev, Department of Economics. [Downloadable!]
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    23. Nouriel Roubini & Xavier Sala-i-Martin, 1992. "A Growth Model of Inflation, Tax Evasion, and Financial Repression," NBER Working Papers 4062, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    24. Jith Jayaratne & Philip E. Strahan, 1995. "The finance-growth nexus: evidence from bank branch deregulation," Research Paper 9513, Federal Reserve Bank of New York. [Downloadable!]
    25. Maria Fuensanta Morales, 2000. "Financial Intermediation in a Model of Growth Through Creative Destruction," Econometric Society World Congress 2000 Contributed Papers 0914, Econometric Society. [Downloadable!]
    26. Salvatore Capasso, 2006. "Stock Market Development and Economic Growth: A Matter of Information Dynamics," CSEF Working Papers 166, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
    27. Vesna Babic- Hodovic & Eldin Mehic & Emir Agic, 2009. "Influence of Quantitative and Qualitative Factors of Banking Sector Development on Economic Growth in South East European Countries," Interdisciplinary Management Research, Faculty of Economics in Osijek, Croatia, vol. 5, pages 683-693. [Downloadable!]
    28. Luigi Benfratello & Fabio Schiantarelli & Alessandro Sembenelli, 2006. "Banks and Innovation: Microeconometric Evidence on Italian Firms," IZA Discussion Papers 2032, Institute for the Study of Labor (IZA). [Downloadable!]
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    29. Kenichi Ueda, 2001. "Transitional Growth with Increasing Inequality and Financial Deepening," IMF Working Papers 01/108, International Monetary Fund. [Downloadable!]
    30. Nicola Cetorelli & Michele Gambera, 1999. "Banking Market Structure, Financial Dependence and Growth: International Evidence from Industry Data," Center for Financial Institutions Working Papers 00-19, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
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    31. Been-Lon Chen & Yeong-Yuh Chiang & Ping Wang, 2000. "Credit Market Imperfections, Financial Activity and Economic Growth," Working Papers 0020, Department of Economics, Vanderbilt University. [Downloadable!]
    32. Jahangir Aziz, 2008. "Deconstructing China’s and India’s Growth: The Role of Financial Policies," Working Papers id:1714, esocialsciences.com. [Downloadable!]
    33. Muhammad Arshad Khan & Abdul Qayyum, 2006. "Trade Liberalisation, Financial Sector Reforms, and Growth," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(4), pages 711-731. [Downloadable!]
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    34. Andrés Erosa, 2000. "Financial Intermediation and Occupational Choice in Development," UWO Department of Economics Working Papers 20003, University of Western Ontario, Department of Economics. [Downloadable!]
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    35. Claudio Bravo Ortega & Álvaro García Marín, 2008. "Exploring the Relationship Between R&D and Productivity: A Country-Level Study," Working Papers Central Bank of Chile 472, Central Bank of Chile. [Downloadable!]
    36. Alejandro Gaytan & Romain Ranciere, 2004. "Banks, Liquidity Crises and Economic Growth," Econometric Society 2004 North American Summer Meetings 399, Econometric Society. [Downloadable!]
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    37. Guglielmo Maria Caporale, & Peter G. A Howells, & Alaa M. Soliman,, 2003. "Endogenous growth and Stock Market Development," Discussion Papers 0302, University of the West of England, Department of Economics. [Downloadable!]
    38. Larry E. Jones & Rodolfo E. Manuelli, 1990. "Finite Lifetimes and Growth," NBER Working Papers 3469, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    39. Ross Levine, 1997. "Napoleón, bolsas y crecimiento en América Latina," RES Working Papers 4107, Inter-American Development Bank, Research Department. [Downloadable!]
    40. Michelacci, Claudio & Schivardi, Fabiano, 2008. "Does Idiosyncratic Business Risk Matter?," CEPR Discussion Papers 6910, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    41. Hasan, Iftekhar & Zhou, Mingming, 2006. "Financial Sector Development and Growth: The Chinese Experience," Working Papers RP2006/85, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    42. Reichlin, Pietro, 2006. "Relating Output and Volatility in a Model of International Risk-Sharing with Limited Commitment," CEPR Discussion Papers 5557, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    43. Matthew J. Clayton & Bjorn N. Jorgensen & Kenneth A. Kavajecz, 1999. "On the Formation and Structure of International Exchanges," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-057, New York University, Leonard N. Stern School of Business-. [Downloadable!]
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    44. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2002. "Does Local Financial Development Matter?," NBER Working Papers 8923, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    45. Maimbo, Samuel Munzele & Mavrotas, George, 2003. "Financial Sector Reforms and Savings Mobilization in Zambia," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    46. Pere Gomis-Porqueras & Benoit Julien, 2007. "Market Structure and the Banking Sector," Economics Bulletin, Economics Bulletin, vol. 4(24), pages 1-9. [Downloadable!]
    47. Andrés Carvajal & Hernando Zuleta, 1997. "Desarrollo del Sistema Financiero y Crecimiento Económico," BORRADORES DE ECONOMIA 002279, BANCO DE LA REPÚBLICA. [Downloadable!]
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    48. Dmitri Vinogradov, 2004. "Macroeconomic evolution aftera shock: the role of financial intermediation," Money Macro and Finance (MMF) Research Group Conference 2003 106, Money Macro and Finance Research Group. [Downloadable!]
    49. Anna Ilyina & Roberto M. Samaniego, 2009. "A Multi-industry Model of Growth with Financing Constraints," IMF Working Papers 09/119, International Monetary Fund. [Downloadable!]
    50. Beckmann, Rainer & Eppendorfer, Carsten & Neimke, Markus, 2002. "Deepening European Financial Integration: Theoretical Considerations and Empirical Evaluation of Growth and Employment Benefits," MPRA Paper 5272, University Library of Munich, Germany. [Downloadable!]
    51. Fernando Perera Tallo, 2003. "Government Expenditure in Enforcing the Law, Financial Intermediation and Development," Centro de Alti­simos Estudios Ri­os Pe©rez(CAERP) 10, Centro de Altisimos Estudios Rios Perez (CAERP). [Downloadable!]
    52. Dutz, Mark A. & Hayri, Aydin, 2000. "Does more intense competition lead to higher growth?," Policy Research Working Paper Series 2320, The World Bank. [Downloadable!]
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    53. Maria Fuensanta Morales, 2001. "Financial Intermediation in a Model of Growth through Creative Destruction," UFAE and IAE Working Papers 487.01, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
    54. Raju Jan SINGH, 1997. "Banks, Growth And Geography," UNCTAD Discussion Papers 127, United Nations Conference on Trade and Development. [Downloadable!]
    55. Alejandro Gaytan & Romain Rancière, 2004. "Wealth, Financial Intermediation and Growth," Economics Working Papers 851, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2004. [Downloadable!]
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    56. Sheng, Andrew & Yoon Je Cho, 1993. "Risk management and stable financial structures," Policy Research Working Paper Series 1109, The World Bank. [Downloadable!]
    57. Alderman, Harold & Paxson, Christina H & DEC, 1992. "Do the poor insure? A synthesis of the literature on risk and consumption in developing countries," Policy Research Working Paper Series 1008, The World Bank. [Downloadable!]
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    58. Das, Pranab Kumar & Guha-Khasnobis, Basudeb, 2007. "Finance and Growth: An Empirical Assessment of the Indian Economy," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    59. Léonce Ndikumana, 2003. "Financial Development, Financial Structure and Domestic Investment: International Evidence," Working Papers wp16, Political Economy Research Institute, University of Massachusetts at Amherst. [Downloadable!]
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    60. Norman Loayza & Romain Ranciere, 2002. "Financial Development, Financial Fragility, and Growth," Working Papers Central Bank of Chile 145, Central Bank of Chile. [Downloadable!]
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    61. Levine, Ross & Loayza, Norman & Beck, Thorsten, 1999. "Financial intermediation and growth : Causality and causes," Policy Research Working Paper Series 2059, The World Bank. [Downloadable!]
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    62. Jacobson, Tor & Lindh, Thomas & Warne, Anders, 1998. "Growth, Savings, Financial Markets and Markov Switching Regimes," Working Paper Series 69, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
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    63. Arshad Khan, Muhammad & Qayyum, Abdul, 2007. "Trade,Financial and Growth Nexus in Pakistan," MPRA Paper 6523, University Library of Munich, Germany. [Downloadable!]
    64. Levine, Ross & Zervos, Sara, 1993. "Looking at the facts : what we know about policy and growth from cross-country analysis," Policy Research Working Paper Series 1115, The World Bank. [Downloadable!]
    65. Bruce D. Smith & Mohsin S. Khan & A. Senhadji Semlali, . "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund. [Downloadable!]
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    66. Kamat, Manoj & Kamat, Manasvi, 2007. "Does Financial Growth lead Economic Performance in India? Causality-Cointegration using Unrestricted Vector Error Correction Models," MPRA Paper 6154, University Library of Munich, Germany. [Downloadable!]
    67. Thomas Philippon, 2007. "Financiers vs. Engineers: Should the Financial Sector be Taxed or Subsidized?," NBER Working Papers 13560, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    68. Benhabib, Jess & Spiegel, Mark, 1997. "Cross-Country Growth Regressions," Working Papers 97-20, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
    69. Ana Fernandes, 2005. "Knowledge, Technology Adoption and Financial Innovation," Diskussionsschriften dp0513, Universitaet Bern, Departement Volkswirtschaft. [Downloadable!]
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    70. James B. Ang, 2007. "A Survey Of Recent Developments In The Literature Of Finance And Growth," Monash Economics Working Papers 03/07, Monash University, Department of Economics. [Downloadable!]
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    71. Zsolt Becsi & Ping Wang & Mark A. Wynne, 1998. "Endogenous market structures and financial development," Working Paper 98-15, Federal Reserve Bank of Atlanta. [Downloadable!]
    72. Dmitri Vinogradov, 2005. "Banks versus Markets in Processing the Payments Shock," Finance 0506004, EconWPA. [Downloadable!]
    73. Stelios Michalopoulos & Luc Laeven & Ross Levine, 2009. "Financial Innovation and Endogenous Growth," NBER Working Papers 15356, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    74. Warren Tease & Jenny Wilkinson, 1993. "The Provision of Financial Services - Trends, Prospects and Implications," RBA Research Discussion Papers rdp9315, Reserve Bank of Australia. [Downloadable!]
    75. Cevdet Denizer & Murat F. Lyigun & Ann L. Owen, 2000. "Finance and macroeconomic volatility," International Finance Discussion Papers 670, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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    76. O. Emre Ergungor, 2006. "Bank branch presence and access to credit in low-to-moderate income neighborhoods," Working Paper 0616, Federal Reserve Bank of Cleveland. [Downloadable!]
    77. Stefano Usai & Marco Vannini, 2005. "Banking structure and regional economic growth: lessons from Italy," The Annals of Regional Science, Springer, vol. 39(4), pages 691-714, December. [Downloadable!] (restricted)
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    78. Thomas Philippon, 2007. "Why Has the U.S. Financial Sector Grown so Much? The Role of Corporate Finance," NBER Working Papers 13405, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    79. Antonín Rusek, 2005. "Financial Integration And The New Eu Member Countries: Challenges And Dilemmas," Prague Economic Papers, University of Economics, Prague, vol. 2005(1), pages 17-32. [Downloadable!] (restricted)
    80. C Niranjan Rao, 2008. "The Role of Intellectual Property Rights in Information and Communication Technologies," Working Papers id:1742, esocialsciences.com. [Downloadable!]
    81. Robert M. Townsend & Hyeok Jeong, 2004. "Discovering the Sources of TFP Growth: Occupation Choice, Capital Heterogeneity, and Financial Deepening," Econometric Society 2004 North American Summer Meetings 405, Econometric Society. [Downloadable!]
    82. Tarron Khemraj, 2007. "What does excess bank liquidity say about the loan market in Less Developed Countries?," Working Papers 60, United Nations, Department of Economics and Social Affairs. [Downloadable!]
    83. Ferda Halicioglu, 2007. "The Financial Development and Economic Growth Nexus for Turkey," EERI Research Paper Series EERI_RP_2007_06, Economics and Econometrics Research Institute (EERI). [Downloadable!]
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    84. Bruno, Michael & Ravallion, Martin & Squire, Lyn, 1996. "Equity and growth in developing countries : old and new perspectives on the policy issues," Policy Research Working Paper Series 1563, The World Bank. [Downloadable!]
    85. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    86. Ross Levine & María Carkovic, 2002. "Finance and Growth: New Evidence and Policy Analyses for Chile," Working Papers Central Bank of Chile 157, Central Bank of Chile. [Downloadable!]
    87. Abu-Bader, Suleiman & Abu-Qarn, Aamer, 2005. "Financial Development and Economic Growth: Time Series Evidence from Egypt," MPRA Paper 1113, University Library of Munich, Germany. [Downloadable!]
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    88. Donald S. Allen & Leonce Ndikumana, 1998. "Financial intermediation and economic growth in southern Africa," Working Papers 1998-004, Federal Reserve Bank of St. Louis. [Downloadable!]
    89. Zhu, D., 2001. "Inequality, credit market imperfection, segmentation and economic growth," Discussion Paper 58, Tilburg University, Center for Economic Research. [Downloadable!]
    90. Stefania Villa, 2005. "Determinants of growth in Italy. A time series analysis," Quaderni DSEMS 24-2005, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia. [Downloadable!]
    91. James Ang, 2009. "Foreign direct investment and its impact on the Thai economy: the role of financial development," Journal of Economics and Finance, Springer, vol. 33(3), pages 316-323, July. [Downloadable!] (restricted)
    92. Ramon Caminal, 2002. "Taxation of banks: A theoretical framework," UFAE and IAE Working Papers 525.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
    93. Stacey L. Schreft & Bruce D. Smith, 1994. "Money, banking, and capital formation," Working Paper 94-05, Federal Reserve Bank of Richmond. [Downloadable!]
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    94. Giuseppina Testa, 2005. "Economic Growth and Finance. A cointegration analysis in US and Japan," Quaderni DSEMS 22-2005, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia. [Downloadable!]
    95. Miguel-Ángel Galindo Martín & Francisco Sotos & María Picazo, 2007. "Value at Risk and Economic Growth," International Advances in Economic Research, Springer, vol. 13(2), pages 214-221, May. [Downloadable!] (restricted)
    96. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
    97. Jahangir Aziz, . "Deconstructing China's and India's Growth: the Role of Financial Policies," Indian Council for Research on International Economic Relations, New Delhi Working Papers 224, Indian Council for Research on International Economic Relations, New Delhi, India. [Downloadable!]
    98. James B. Ang & Warwick J. McKibbin, 2005. "Financial Liberalization, Financial Sector Development And Growth: Evidence From Malaysia," CAMA Working Papers 2005-05, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
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    99. Falko Fecht & Kevin X.D. Huang & Antoine Martin, 2007. "Financial Intermediaries, Markets, and Growth," Working Papers 0714, Department of Economics, Vanderbilt University. [Downloadable!]
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    100. Michael W. Klein & Giovanni Olivei, 1999. "Capital Account Liberalization, Financial Depth and Economic Growth," NBER Working Papers 7384, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    101. Law, Siong Hook & Azman-Saini, W.N.W. & Smith, Peter, 2006. "Finance and growth in a small open emerging market," MPRA Paper 715, University Library of Munich, Germany. [Downloadable!]
    102. Sebastián Claro, 2005. "Financial Integration, Technology Differences and Capital Flows," Documentos de Trabajo 306, Instituto de Economía. Pontificia Universidad Católica de Chile.. [Downloadable!]
    103. Guiso, Luigi & Sapienza, Paola & Zingales, Luigi, 2006. "The Cost of Banking Regulation," CEPR Discussion Papers 5864, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    104. Alberto Bisin & Danilo Guaitoli, 1998. "Moral Hazard and Non-Exclusive Contracts," Economics Working Papers 345, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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    105. Jess Benhabib & Mark M. Spiegel, 1997. "Growth and investment across countries," Working Papers in Applied Economic Theory 97-03, Federal Reserve Bank of San Francisco. [Downloadable!]
    106. Peter L. Rousseau & Richard Sylla, 2001. "Financial Systems, Economic Growth, and Globalization," NBER Working Papers 8323, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    107. Femminis, Gianluca, 1999. "On The Optimality of Risk-Sharing in Growth Models: The Role of Education," CEPR Discussion Papers 2264, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    108. Joseph F. Francois, 1995. "Dynamic Effects Of Trade In Financial Services," International Economic Journal, Korean International Economic Association, vol. 9(3), pages 1-14, October. [Downloadable!] (restricted)
    109. Yelena Kalyuzhnova & George Tridimas, 1998. "Dilemmas of financial development in Kazakstan," Journal of International Development, John Wiley & Sons, Ltd., vol. 10(5), pages 681-693.
    110. Antonio Lopes, 2003. "Innovazione nel Sistema Creditizio del Mezzogiorno negli Anni Novanta," CELPE Discussion Papers 74, CELPE (Centre of Labour Economics and Economic Policy), University of Salerno, Italy. [Downloadable!]
    111. Thierry Tressel, 1999. "Financial Intermediation and Growth: Long Run Consequences of Capital Market Imperfections," CSEF Working Papers 20, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
    112. Luis Carranza & José E. Galdón-Sánchez, 2002. "Financial Intermediation, Variability and the Development Process," Faculty Working Papers 04/02, School of Economics and Business Administration, University of Navarra. [Downloadable!]
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    113. Prof. Dr. Robert Holzmann, 1994. "Funded and Private Pensions for Eastern European Countries in Transition?," Public Economics 9405004, EconWPA. [Downloadable!]
    114. Jeremy Greenwood & Boyan Jovanovic, 1989. "Financial Development, Growth, and the Distribution of Income," NBER Working Papers 3189, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    115. Tarron Khemraj, 2008. "Excess liquidity, oligopolistic loan markets and monetary policy in LDCs," Working Papers 64, United Nations, Department of Economics and Social Affairs. [Downloadable!]
    116. Nicola Cetorelli, 1997. "The role of credit market competition on lending strategies and on capital accumulation," Working Paper Series, Issues in Financial Regulation WP-97-14, Federal Reserve Bank of Chicago. [Downloadable!]
    117. Thomas Lindh, 2000. "Short-Run Costs of Financial Market Development in Industrialized Economies," Eastern Economic Journal, Eastern Economic Association, vol. 26(2), pages 221-239, Spring. [Downloadable!]
    118. Maurice Obstfeld, 1992. "Risk-taking, global diversification, and growth," Discussion Paper / Institute for Empirical Macroeconomics 61, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    119. LG. Deidda & B. Fattouh, 2005. "Banks, Financial Markets and Growth," Working Paper CRENoS 200511, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
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    120. Solomon Tadesse, 2005. "Financial Development and Technology," William Davidson Institute Working Papers Series wp749, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
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    121. AL-ZUBI, Khaled & AL-RJOUB,Samer & ABU-MHAREB,E, 2006. "Financial Development And Economic Growth: A New Empirical Evidence From The Mena Countries, 1989-2001," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(3). [Downloadable!] (restricted)
    122. Baliamoune-Lutz, Mina N., 2006. "Financial Reform and the Mobilization of Domestic Savings: The Experience of Morocco," Working Papers RP2006/100, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    123. Joseph H. Haslag & Antoine Martin, 2005. "Optimality of the Friedman rule in an overlapping generations model with spatial separation," Staff Reports 225, Federal Reserve Bank of New York. [Downloadable!]
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    124. OZTURK, Ilhan, 2008. "Financial Development And Economic Growth: Evidence From Turkey," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(1), pages 85-98. [Downloadable!] (restricted)
    125. Shankha Chakraborty & Tridip Ray, 2003. "Bank-based versus Market-based Financial Systems: A Growth-theoretic Analysis," University of Oregon Economics Department Working Papers 2003-6, University of Oregon Economics Department, revised 01 Feb 2002. [Downloadable!]
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    126. Peter L. Rousseau & Richard Sylla, 2000. "Emerging Financial Markets and Early U.S. Growth," Working Papers 0015, Department of Economics, Vanderbilt University. [Downloadable!]
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    127. Diaz-Bautista, Alejandro, 2002. "The role of telecommunications infrastructure and human capital: Mexico´s economic growth and convergence," ERSA conference papers ersa02p102, European Regional Science Association. [Downloadable!]
    128. Trabelsi, M., 2002. "Finance and Growth : Empirical Evidence from Developing Countries, 1960-1990," Cahiers de recherche 13-2002, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
    129. Ioannis Lazopoulos, 2005. "Cycles And Banking Crisis," Money Macro and Finance (MMF) Research Group Conference 2005 15, Money Macro and Finance Research Group. [Downloadable!]
    130. Ángel de la Fuente & José M. Marín, 1994. "Innovation, "Bank" Monitoring and Endogenous Financial Development," Economics Working Papers 59, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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    131. Hyeok Jeong & Robert M. Townsend, 2005. "Discovering the Sources of TFP Growth: Occupational Choice and Financial Deepening," IEPR Working Papers 05.19, Institute of Economic Policy Research (IEPR). [Downloadable!]
    132. Fernando Perera Tallo, 2003. "Technological Progress, Slow Growing Economies and Polarization," Centro de Alti­simos Estudios Ri­os Pe©rez(CAERP) 11, Centro de Altisimos Estudios Rios Perez (CAERP). [Downloadable!]
    133. Riccardo Lucchetti & Luca Papi & Alberto Zazzaro, 2000. "Banks' inefficiency and economic growth: a micro-macro approach," Heterogeneity and monetary policy 0004, Universita di Modena e Reggio Emilia, Dipartimento di Economia Politica. [Downloadable!]
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    134. Uhlig, H., 1995. "Transition and Financial Collapse," Discussion Paper 66, Tilburg University, Center for Economic Research. [Downloadable!]
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    135. Levine, Ross & Zervos, Sara, 1996. "Stock market development and long-run growth," Policy Research Working Paper Series 1582, The World Bank. [Downloadable!]
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    136. Baliamoune, Mina N., 2002. "Assessing the Impact of One Aspect of Globalization on Economic Growth in Africa," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    137. Luca Deidda, 2001. "Financial Institutions' Expertise and Growth Effects of Financial Liberalisation," Working Paper CRENoS 200105, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
    138. John E. Udo Ndebbio, 2004. "Financial deepening, economic growth and development: Evidence from selected sub-Saharan African countries," Research Papers RP_142, African Economic Research Consortium. [Downloadable!]
    139. Luca Deidda, 2000. "On the real effects of financial development," Working Paper CRENoS 200010, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
    140. Malebogo Bakwena & Philip Bodman & Sandy Suardi, . "Making Abundant Natural Resources Work for Developing Economies: The Role of Financial Institutions," MRG Discussion Paper Series 2108, School of Economics, University of Queensland, Australia. [Downloadable!]
    141. V V Chari & Patrick J Kehoe & Ellen R. McGrattan, 2003. "Business Cycle Accounting," Levine's Bibliography 506439000000000421, UCLA Department of Economics. [Downloadable!]
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    142. Capasso, Salvatore, 2006. "Stock Market Development and Economic Growth," Working Papers RP2006/102, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    143. Dilli Raj Khanal, 2007. "Banking and Insurance Services Liberalization and Development in Bangladesh, Nepal, and Malaysia: A Comparative Analysis," Working Papers 4107, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada.. [Downloadable!]
    144. Giovanni Favarra, 2003. "An Empirical Reassessment of the Relationship Between Finance and Growth," IMF Working Papers 03/123, International Monetary Fund. [Downloadable!]
    145. Philippe Aghion & Peter Howitt & David Mayer-Foulkes, 2004. "The Effect of Financial Development on Convergence: Theory and Evidence," NBER Working Papers 10358, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    146. Matias Fontenla, 2004. "Banks and Capital Inflows," Econometric Society 2004 Latin American Meetings 272, Econometric Society. [Downloadable!]
    147. Zhi-Jun Zhao & Yue Ma & Yak-yeow Kueh & Shu-ki Tsang & Matthew S. Yiu & Shucheng Liu, 2004. "Banking Deregulation and Macroeconomic Impact in China: A Theoretical Analysis and Implications of WTO Accession to the Mainland and Hong Kong," Working Papers 082002, Hong Kong Institute for Monetary Research. [Downloadable!]
    148. Akinlo, Anthony Enisan, 2005. "Impact of Macroeconomic Factors on Total Factor Productivity in Sub-Saharan African Countries," Working Papers RP2005/39, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    149. Robert M. Townsend & Kenichi Ueda, 2003. "Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation," IMF Working Papers 03/193, International Monetary Fund. [Downloadable!]
    150. Tuuli Koivu, 2002. "Do efficient banking sectors accelerate economic growth in transition countries?," Macroeconomics 0212013, EconWPA. [Downloadable!]
    151. Kamat, Manoj & Kamat, Manasvi, 2007. "The New Information Age & the Stock Market Growth Puzzle," MPRA Paper 5158, University Library of Munich, Germany. [Downloadable!]
    152. Alexander Galetovic, 1994. "Finance and growth: a synthesis and interpretation of the evidence," International Finance Discussion Papers 477, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    153. Fiaschi, Alessandro, 2008. "A note about credit rationing on research and development," MPRA Paper 12300, University Library of Munich, Germany, revised 10 Dec 2008. [Downloadable!]
    154. Niloy Bose & Rebecca Neumann, 2005. "Explaining the Trend and the Diversity in the Evolution of the Stock Market," cege – Center for European, Governance and Economic Development Research Discussion Papers 47, cege – Center for European, Governance and Economic Development Research, University of Goettingen (Germany).. [Downloadable!]
    155. Achy, Lahcen & Hassani, Aicha, 2005. "The Impact of Liberalizing International Trade of Banking Services in Morocco," MPRA Paper 8674, University Library of Munich, Germany, revised 2007. [Downloadable!]
    156. Berdugo, Binyamin & Hadad, Sharon, 2009. "How does Investors' Legal Protection affect Productivity and Growth?," MPRA Paper 15496, University Library of Munich, Germany. [Downloadable!]
    157. Yongfu Huang, 2006. "Private investment and financial development in a globalized world," Bristol Economics Discussion Papers 06/589, Department of Economics, University of Bristol, UK. [Downloadable!]
    158. Felix Eschenbach, 2004. "Finance and Growth: A Survey of the Theoretical and Empirical Literature," Tinbergen Institute Discussion Papers 04-039/2, Tinbergen Institute. [Downloadable!]
    159. Robin Burgess & Rohini Pande, 2003. "Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment," STICERD - Development Economics Papers 40, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
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    160. Koivu, Tuuli, 2002. "Do efficient banking sectors accelerate economic growth in transition countries," BOFIT Discussion Papers 14/2002, Bank of Finland, Institute for Economies in Transition. [Downloadable!]
    161. Andres Erosa & Ana Hidalgo, 2007. "On Finance as a Theory of TFP, Cross-Industry Productivity Differences, and Economic Rents," Working Papers tecipa-285, University of Toronto, Department of Economics. [Downloadable!]
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    162. Bencivenga, Valerie R. & Smith, Bruce D. & Starr, Ross M., 1995. "Equity markets, transaction costs, and capital accumulation," Policy Research Working Paper Series 1456, The World Bank. [Downloadable!]
    163. Carton, Christine & Ronquillo , Cely, 2008. "Determinantes del crecimiento económico e intermediación bancaria: un análisis empírico para países latinoamericanos
      [Determinants of economic growth and bank intermediation: empirical analysi      ," MPRA Paper 15514, University Library of Munich, Germany, revised 25 Nov 2008. [Downloadable!]
    164. Ali F. Darrat & Salah S. Abosedra & Hassan Y. Aly, 2005. "Assessing the role of financial deepening in business cycles: the experience of the United Arab Emirates," Applied Financial Economics, Taylor and Francis Journals, vol. 15(7), pages 447-453, April. [Downloadable!] (restricted)
    165. George-Marios Angeletos & Laurent Calvet, 2003. "Idiosyncratic Production Risk, Growth, and the Business Cycle," NBER Working Papers 9764, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    166. Veronica Guerrieri & Guido Lorenzoni, 2007. "Liquidity and Trading Dynamics," NBER Working Papers 13204, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    167. Salvatore Capasso, 2004. "Stock market development and economic growth: a matter of informational problems," Money Macro and Finance (MMF) Research Group Conference 2003 10, Money Macro and Finance Research Group. [Downloadable!]
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    168. Jeffery W. Gunther, 1997. "Geographic liberalization and the accessibility of banking services in rural areas," Financial Industry Studies Working Paper 97-1, Federal Reserve Bank of Dallas. [Downloadable!]
    169. Levine, Ross, 1990. "Stock markets, growth, and policy," Policy Research Working Paper Series 484, The World Bank. [Downloadable!]
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    170. Mechthild Schrooten, 2001. "Some Remarks on Japanese Finance, Growth and International Integration," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 70(4), pages 515-526.
    171. Ross Levine, 1997. "Napoleon, Bourses, and Growth in Latin America," RES Working Papers 4106, Inter-American Development Bank, Research Department. [Downloadable!]
    172. Da Rin, Marco & Hellmann, Thomas F., 2002. "Banks as Catalysts for Industrialization," Research Papers 1398, Stanford University, Graduate School of Business. [Downloadable!]
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    173. Bruno Amable & Jean-Bernard Chatelain & Kirsten Ralf, 2004. ""Deep Pockets": Research and Development Persistence and Economic Growth," Money Macro and Finance (MMF) Research Group Conference 2004 47, Money Macro and Finance Research Group, revised 13 Oct 2004. [Downloadable!]
    174. Renelt, David, 1991. "Economic growth : a review of the theoretical and empirical literature," Policy Research Working Paper Series 678, The World Bank. [Downloadable!]
    175. Dmitri Vinogradov, 2003. "Macroeconomic evolution after a shock: the role for financial intermediation," Macroeconomics 0310007, EconWPA. [Downloadable!]
    176. Kashif Mansori, 2001. "Economic Liberalization and Savings Rates," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    177. Andrew Atkeson & Patrick J. Kehoe, 1995. "Social insurance and transition," Staff Report 202, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    178. Thomas Barnebeck Andersen & Finn Tarp, 2003. "Financial liberalization, financial development and economic growth in LDCs," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(2), pages 189-209. [Downloadable!]
    179. Mina Baliamoune-Lutz, 2008. "Financial Development and Income in North Africa," International Advances in Economic Research, Springer, vol. 14(4), pages 422-432, November. [Downloadable!] (restricted)
    180. Luintel, Kul B & Khan, Mosahid & Arestis, Philip & Theodoridis, Konstantinos, 2008. "Financial Structure and Economic Growth," Cardiff Economics Working Papers E2008/3, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
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    181. Marco A. Espinosa & Chong K. Yip, 1995. "Fiscal and monetary policy interactions in an endogenous growth model with financial intermediaries," Working Paper 95-10, Federal Reserve Bank of Atlanta. [Downloadable!]
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    182. Huberto M. Ennis & Todd Keister, 2003. "Economic growth, liquidity, and bank runs," Working Paper 03-01, Federal Reserve Bank of Richmond. [Downloadable!]
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    183. Andres Erosa & Ana Hidalgo, 2005. "On Capital Market Imperfections as a Source of Low TFP and Economic Rents," Working Papers tecipa-200, University of Toronto, Department of Economics. [Downloadable!]
    184. Kumbhakar, Subal C. & Mavrotas, George, 2005. "Financial Sector Development and Productivity Growth," Working Papers RP2005/68, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    185. Beck, Thorsten & Levine, Ross, 2001. "Stock markets, banks, and growth : correlation or causality?," Policy Research Working Paper Series 2670, The World Bank. [Downloadable!]
    186. Eduardo Siandra, 1990. "Money and Specialization in Production," UCLA Economics Working Papers 610, UCLA Department of Economics. [Downloadable!]
    187. Zsolt Becsi & Ping Wang & Mark A. Wynne, 1998. "Costly intermediation and the big push," Working Paper 98-16, Federal Reserve Bank of Atlanta. [Downloadable!]
    188. Fu-Sheng Hung, 2009. "Explaining the nonlinear effects of financial development on economic growth," Journal of Economics, Springer, vol. 97(1), pages 41-65, May. [Downloadable!] (restricted)
    189. TRABELSI, Mohammed, 2002. "Finance and Growth : Empirical Evidence from Developing Countries, 1960-1990," Cahiers de recherche 2002-13, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
    190. Shankha Chakraborty & Amartya Lahiri, 2003. "Costly Intermediation and the Poverty of Nations," University of Oregon Economics Department Working Papers 2003-1, University of Oregon Economics Department, revised 01 Jan 2003. [Downloadable!]
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    191. Nicola Cetorelli & Pietro F. Peretto, 2000. "Oligopoly banking and capital accumulation," Working Paper Series WP-00-12, Federal Reserve Bank of Chicago. [Downloadable!]
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    192. Young Sik Kim, 2003. "Money, Growth and Risk Sharing with Private Information," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(2), pages 276-299, April. [Downloadable!] (restricted)
    193. Malebogo Bakwena & Philip Bodman, . "The Role of Financial Development in Natural Resource Abundant Economies: Does the Nature of the Resource Matter?," MRG Discussion Paper Series 2208, School of Economics, University of Queensland, Australia. [Downloadable!]
    194. Hyeok Jeong & Robert M. Townsend, 2005. "Sources of TFP Growth: Occupational Choice and Financial Deepening," IEPR Working Papers 05.28, Institute of Economic Policy Research (IEPR), revised May 2005. [Downloadable!]
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    195. Scott Baier & Gerald P. Dwyer, Jr. & Robert Tamura, 2003. "Does opening a stock exchange increase economic growth?," Working Paper 2003-36, Federal Reserve Bank of Atlanta. [Downloadable!]
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    196. Alan M. Taylor, 1995. "Growth and Convergence in the Asia-Pacific Region: On the Role of Openness, Trade and Migration," NBER Working Papers 5276, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    197. Neville N. Jiang & Ping Wang & Haibin Wu, 2002. "Finance Thy Growth: The Role of Occupational Choice By Ability-Heterogeneous Agents," Working Papers 0228, Department of Economics, Vanderbilt University, revised Oct 2003. [Downloadable!]
    198. Manoj Pant & Prabal Roy Chowdhury & Gurbachan Singh, 2004. "Financial intermediation and employment," Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers 04-22, Indian Statistical Institute, New Delhi, India. [Downloadable!]
    199. Alan M. Taylor, 1999. "On the Costs of Inward-Looking Development: Historical Perspectives on Price Distortions, Growth, and Divergence in Latin American from 1930s - 1980s," NBER Working Papers 5432, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    200. Carol Scotese Lehr, 2001. "Banks and Output Fluctuations," Working Papers 0101, VCU School of Business, Department of Economics.
    201. Gino Gancia & Fabrizio Zilibotti, 2005. "Horizontal Innovation in the Theory of Growth and Development," Economics Working Papers 831, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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    202. Iman van Lelyveld & Arnold Schilder, 2003. "Risk in Financial Conglomerates: Management and Supervision," Finance 0301006, EconWPA. [Downloadable!]
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    203. Ramón Tirado Jiménez, 2000. "Crecimiento con cambio tecnológico endógeno, bancos y dinero, El caso de una economía con firmas innovadoras," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 15(1), pages 91-116. [Downloadable!]
    204. Xavier Sala-i-Martin, 1994. "Lecture Notes on Economic Growth (II): Five Prototype Models of Endogenous Growth," Economics Working Papers 78, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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    205. Clive Bell & Peter L. Rousseau, 1999. "Post-Independence India: A Case of Finance-Led Industrialization?," Working Papers 0019, Department of Economics, Vanderbilt University, revised Jun 2000. [Downloadable!]
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    206. Hirnissa, M.T & Habibullah, M.S., 2008. "Finance and other services sectors in Peninsular Malaysia, Sabah and Sarawak: Testing for stochastic convergence," MPRA Paper 12108, University Library of Munich, Germany. [Downloadable!]
    207. Dominique Hachette, 1998. "Ahorro Privado en Chile," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 35(104), pages 3-48. [Downloadable!]
    208. Levine, Ross & Zervos, Sara, 1996. "Stock markets, banks, and economic growth," Policy Research Working Paper Series 1690, The World Bank. [Downloadable!]
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    209. Teemu Haukioja & Jarmo Hahl, 2001. "The Emergence of the New Economy, and its Challenge to Financial Intermediation and Banking," Discussion Papers 772, The Research Institute of the Finnish Economy. [Downloadable!]
    210. Mark G. Guzman, 1999. "Bank structure, capital accumulation and growth: a simple macroeconomic model," Working Papers 99-07, Federal Reserve Bank of Dallas. [Downloadable!]
    211. Franz R. Hahn, 2002. "The Politics of Financial Development. The Case of Austria," WIFO Working Papers 187, WIFO. [Downloadable!]
    212. Beck, Thorsten & Levine, Ross & Loayza, Norman, 1999. "Finance and the sources of growth," Policy Research Working Paper Series 2057, The World Bank. [Downloadable!]
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    213. Francesca Gagliardi, 2009. "Financial development and the growth of cooperative firms," Small Business Economics, Springer, vol. 32(4), pages 439-464, April. [Downloadable!] (restricted)
    214. Nouriel Roubini & Xavier Sala-i-Martin, 1991. "Financial Repression and Economic Growth," NBER Working Papers 3876, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  47. Smith, B.D., 1988. "A Business Cycle Model With Private Information," RCER Working Papers 150, University of Rochester - Center for Economic Research (RCER).
    Published as:

    Cited by:

    1. Finn E. Kydland, 1993. "Business cycles and aggregate labor-market fluctuations," Working Paper 9312, Federal Reserve Bank of Cleveland. [Downloadable!]
    2. Bhattacharya, J. & Chankraborty, S., 2003. "What do information frictions do?," Discussion Paper 21, Tilburg University, Center for Economic Research. [Downloadable!]
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  48. Bruce D. Smith, 1985. "Limited information, money, and competitive equilibrium," Working Papers 204, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Steve Williamson & Randall Wright, 1991. "Barter and monetary exchange under private information," Staff Report 141, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    2. Bruce D. Smith, 1983. "Money, nonconvex preferences, and the existence of equilibrium: a note," Working Papers 218, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    3. Bruce D. Smith, 1982. "Money as a medium of transaction in the overlapping generations model," Working Papers 216, Federal Reserve Bank of Minneapolis. [Downloadable!]

  49. Thomas Sargent & Bruce Smith, . "Coinage, Debasements, and Gresham's Laws," Papers _003, Stanford University, Hoover Institution. [Downloadable!]
    Published as:

    Cited by:

    1. Francois R. Velde & Warren E. Weber & Randall Wright, 1997. "A model of commodity money, with applications to Gresham's law and the debasement puzzle," Staff Report 215, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    2. Thomas J. Sargent & Francois R. Velde, 1997. "The big problem of small change," Working Paper Series, Macroeconomic Issues WP-97-08, Federal Reserve Bank of Chicago. [Downloadable!]
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    3. Sussman, Nathan & Zeira, Joseph, 2002. "Commodity Money Inflation: Theory and Evidence from France in 1350-1436," Working Paper Series rwp02-008, Harvard University, John F. Kennedy School of Government. [Downloadable!]
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  50. Bruce D. Smith & Mohsin S. Khan & A. Senhadji Semlali, . "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund. [Downloadable!]
    Published as:

    Cited by:

    1. Norbert Funke & Saleh M. Nsouli, 2003. "The New Partnership for Africa's Development (NEPAD): Opportunities and Challenges," IMF Working Papers 03/69, International Monetary Fund. [Downloadable!]
    2. Mohsin S. Khan & Axel Schimmelpfennig, 2006. "Inflation in Pakistan: Money or Wheat?," IMF Working Papers 06/60, International Monetary Fund. [Downloadable!]
    3. Alicia García Herrero & Sonsoles Gallego Herrero & Jesús Saurina Salas, 2003. "The Asian and European Banking Systems: The case of Spain in the quest for development and stability," Finance 0304007, EconWPA. [Downloadable!]
    4. Charles Amo Yartey & Mihasonirina Andrianaivo, 2009. "Understanding the Growth of African Financial Markets," IMF Working Papers 09/182, International Monetary Fund. [Downloadable!]
    5. Max Gillman & Mark N. Harris, 2004. "Inflation, Financial Development and Endogenous Growth," Monash Econometrics and Business Statistics Working Papers 24/04, Monash University, Department of Econometrics and Business Statistics. [Downloadable!]
    6. Kemal, A.R. & Qayyum, Abdul & Hanif , Muhammad N., 2004. "Financial Development and Economic Growth: Evidence from a Heterogeneous Panel of High Income Countries," MPRA Paper 10198, University Library of Munich, Germany. [Downloadable!]
    7. Bhattacharya, Joydeep, 2003. "Monetary Policy And The Distribution Of Income," Staff General Research Papers 11072, Iowa State University, Department of Economics. [Downloadable!]
    8. Yann Algan & Xavier Ragot, 2005. "Monetary policy with heterogenous agents and credit constraints," PSE Working Papers 2005-45, PSE (Ecole normale supérieure). [Downloadable!]
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    9. Lucía Cuadro Sáez & Sonsoles Gallego Herrero & Alicia García Herrero, 2003. "Why Do Countries Develop More Financially Than Others? The Role Of The Central Bank And Banking Supervision," Finance 0304006, EconWPA. [Downloadable!]
    10. Mohsin S. Khan & Axel Schimmelpfennig, 2006. "Inflation in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(2), pages 185-202. [Downloadable!]
    11. Sonsoles Gallego & Alicia García Herrero & Jesús Saurina, 2002. "The Asian and European Banking Systems: The Case of Spain in the Quest for Develpoment and Stability," Banco de España Working Papers 0217, Banco de España. [Downloadable!]

Articles

  1. Stacey Schreft & Bruce Smith, 2008. "The social value of risk-free government debt," Annals of Finance, Springer, vol. 4(2), pages 131-155, March. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  2. Khan, Mohsin S. & Senhadji, Abdelhak S. & Smith, Bruce D., 2006. "Inflation And Financial Depth," Macroeconomic Dynamics, Cambridge University Press, vol. 10(02), pages 165-182, April. [Downloadable!]
    Other versions:

    See citations under working paper version above.

  3. John Boyd & Chun Chang & Bruce Smith, 2004. "Deposit insurance and bank regulation in a monetary economy: a general equilibrium exposition," Economic Theory, Springer, vol. 24(4), pages 741-767, November. [Downloadable!] (restricted)

    Cited by:

    1. Antoine Martin, 2001. "Liquidity provision vs. deposit insurance : preventing bank panics without moral hazard?," Research Working Paper RWP 01-05, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    2. David R. Skeie, 2008. "Banking with nominal deposits and inside money," Staff Reports 242, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    3. Gianni De Nicoló & John H. Boyd & Elena Loukoianova, 2009. "Banking Crises and Crisis Dating: Theory and Evidence," IMF Working Papers 09/141, International Monetary Fund. [Downloadable!]

  4. John H. Boyd & Gianni De Nicoló & Bruce D. Smith, 2004. "Crises in competitive versus monopolistic banking systems," Proceedings, Federal Reserve Bank of Cleveland, pages 487-509.
    Other versions:
    Published as:

    See citations under working paper version above.

  5. Bullard, James & Smith, Bruce D., 2003. "The value of inside and outside money," Journal of Monetary Economics, Elsevier, vol. 50(2), pages 389-417, March. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  6. Bruce D. Smith, 2003. "Taking intermediation seriously," Proceedings, Federal Reserve Bank of Cleveland, pages 1319-1377.

    Cited by:

    1. Joe Haslag & Antoine Martin, 2003. "Optimality of the Friedman Rule in Overlapping Generations Model with Spatial Separation," Working Papers 0306, Department of Economics, University of Missouri. [Downloadable!]
      Other versions:
    2. Joseph H. Haslag & Joydeep Bhattacharya & Antoine Martin, 2004. "Sub-Optimality of the Friedman Rule in Townsends Turnpike and Limited Communication Models of money: Do finite lives and initial dates matter?," Working Papers 0415, Department of Economics, University of Missouri, revised 21 Dec 2004. [Downloadable!]
    3. Stacey Schreft & Bruce Smith, 2008. "The social value of risk-free government debt," Annals of Finance, Springer, vol. 4(2), pages 131-155, March. [Downloadable!] (restricted)
      Other versions:
    4. Albert Marcet & Francesc Obiols-Homs & Philippe Weil, 2002. "Incomplete Markets, Labor Supply and Capital Accumulation," Economics Working Papers 659, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2003. [Downloadable!]
      Other versions:
    5. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    6. Joydeep Bhattacharya & Joseph H. Haslag & Antoine Martin, 2004. "Heterogeneity, redistribution, and the Friedman rule," Research Working Paper RWP 04-01, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    7. David Andolfatto, 2005. "On the Coexistence of Money and Bonds," Macroeconomics 0502020, EconWPA. [Downloadable!]
      Other versions:
    8. Joseph H. Haslag & Antoine Martin, 2005. "Optimality of the Friedman rule in an overlapping generations model with spatial separation," Staff Reports 225, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    9. David R. Skeie, 2008. "Banking with nominal deposits and inside money," Staff Reports 242, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    10. Francesc Obiols-Homs, 2002. "Trade Effects on the Personal Distribution of Wealth," Working Papers 0208, Centro de Investigacion Economica, ITAM. [Downloadable!]

  7. Valerie R. Bencivenga & Bruce D. Smith, 2003. "Monetary policy and financial market evolution," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 7-26. [Downloadable!]

    Cited by:

    1. Nirvikar Singh & T. Srinivasan, 2004. "Fiscal Policy in India: Lessons and Priorities," Santa Cruz Department of Economics, Working Paper Series 1022, Department of Economics, UC Santa Cruz. [Downloadable!]
      Other versions:
    2. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]

  8. Gomis-Porqueras, Pere & Smith, Bruce D., 2003. "Seasonality And Monetary Policy," Macroeconomic Dynamics, Cambridge University Press, vol. 7(04), pages 477-502, September. [Downloadable!]

    Cited by:

    1. Scott Freeman, 2002. "Payments and Output," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(3), pages 602-617, July. [Downloadable!] (restricted)
    2. Carlos Gustavo Machicado, 2007. "Growth and Banking Structure in a Partially Dollarized Economy," Development Research Working Paper Series 02/2007, Institute for Advanced Development Studies. [Downloadable!]

  9. Bullard, James & Smith, Bruce D., 2003. "Intermediaries and payments instruments," Journal of Economic Theory, Elsevier, vol. 109(2), pages 172-197, April. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  10. Bruce D. Smith, 2002. "Monetary Policy, Banking Crises, and the Friedman Rule," American Economic Review, American Economic Association, vol. 92(2), pages 128-134, May. [Downloadable!]

    Cited by:

    1. Joe Haslag & Antoine Martin, 2003. "Optimality of the Friedman Rule in Overlapping Generations Model with Spatial Separation," Working Papers 0306, Department of Economics, University of Missouri. [Downloadable!]
      Other versions:
    2. Bhattacharya, Joydeep & Singh, Rajesh, 2006. "On the Usefulness of the Constrained Planning Problem in a Model of Money," Staff General Research Papers 12660, Iowa State University, Department of Economics. [Downloadable!]
    3. Bhattacharya, Joydeep & Haslag, Joseph & Russell, Steven, 2004. "The Role of Money in Two Alternative Models: When is the Friedman Rule Optimal, and Why?," Staff General Research Papers 11950, Iowa State University, Department of Economics. [Downloadable!]
      Other versions:
    4. Randall Wright, 2005. "Introduction to "Models of Monetary Economies II: The Next Generation"," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Oct, pages 2-9.
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    5. Keiichiro Kobayashi, 2003. "Deflation Caused by Bank Insolvency," Discussion papers 03022, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    6. Gabriel Jiménez & Steven Ongena & José Luis Peydró & Jesús Saurina, 2009. "Hazardous times for monetary policy: What do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," Banco de España Working Papers 0833, Banco de España. [Downloadable!]
    7. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    8. Bruce D. Smith & Gianni De Nicoló & John H. Boyd, 2003. "Crisis in Competitive versus Monopolistic Banking Systems," IMF Working Papers 03/188, International Monetary Fund. [Downloadable!]
      Other versions:
    9. Gaetano Antinolfi & Costas Azariadis & James B. Bullard, 2007. "The optimal inflation target in an economy with limited enforcement," Working Papers 2007-037, Federal Reserve Bank of St. Louis. [Downloadable!]
    10. Joseph H. Haslag & Antoine Martin, 2005. "Optimality of the Friedman rule in an overlapping generations model with spatial separation," Staff Reports 225, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    11. Peter Ireland, 2005. "The liquidity trap, the real balance effect, and the Friedman rule," Working Papers 05-3, Federal Reserve Bank of Boston. [Downloadable!]
      Other versions:
    12. Gaetano Antinolfi & Todd Keister, 2003. "Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium," Working Papers 0305, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:
    13. Matias Fontenla, 2004. "Banks and Capital Inflows," Econometric Society 2004 Latin American Meetings 272, Econometric Society. [Downloadable!]
    14. Carlos Gustavo Machicado, 2006. "Liquidity Shocks and the Dollarization of a Banking System," Development Research Working Paper Series 09/2006, Institute for Advanced Development Studies. [Downloadable!]
      Other versions:
    15. Carlos Gustavo Machicado, 2007. "Growth and Banking Structure in a Partially Dollarized Economy," Development Research Working Paper Series 02/2007, Institute for Advanced Development Studies. [Downloadable!]

  11. Boyd, John H. & Chang, Chun & Smith, Bruce D., 2002. "Deposit insurance: a reconsideration," Journal of Monetary Economics, Elsevier, vol. 49(6), pages 1235-1260, September. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  12. Stacey L. Schreft & Bruce D. Smith, 2002. "The conduct of monetary policy with a shrinking stock of government debt," Proceedings, Federal Reserve Bank of Cleveland, pages 848-886.
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    Published as:

    See citations under working paper version above.

  13. Espinosa-Vega, Marco A. & Smith, Bruce D. & Yip, Chong K., 2002. "Monetary Policy and Government Credit Programs," Journal of Financial Intermediation, Elsevier, vol. 11(3), pages 232-268, July. [Downloadable!] (restricted)

    Cited by:

    1. C. M. Tang & C. W. Y. Wong & A. Y. T. Leung & K. C. Lam, 2006. "Selection of funding schemes by a borrowing decision model: a Hong Kong case study," Construction Management & Economics, Taylor and Francis Journals, vol. 24(4), pages 349-365, April. [Downloadable!] (restricted)

  14. Valerie R. Bencivenga & Elisabeth Huybens & Bruce D. Smith, 2002. "What to stabilize in the open economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(4), pages 1289-1307, November. [Downloadable!] (restricted)

    Cited by:

    1. Wang, Wen-Yao & Hernandez-Verme, Paula, 2009. "Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy," MPRA Paper 13802, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    2. Paula Hernandez-Verme, . "Inflation, Growth and Exchange Rate Regimes in Small Open Economies," School of Economics Working Papers EC200906, Universidad de Guanajuato. [Downloadable!]
    3. Costas Azariadis & James Bullard & Lee Ohanian, 2001. "Trend-reverting fluctuations in the life-cycle model," Working Papers 1998-015, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    4. Paula Hernandez-Verme, . "Small Open Economies with Frictions in Credit Markets: Target inflation or money growth when floating?," School of Economics Working Papers EC200903, Universidad de Guanajuato. [Downloadable!]
    5. Michael Kumhof, 2001. "A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks," Working Papers Central Bank of Chile 127, Central Bank of Chile. [Downloadable!]
      Other versions:

  15. Smith, Bruce D., 2001. "Banks, short-term debt and financial crises: theory, policy implications, and applications A comment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 54(1), pages 73-83, June. [Downloadable!] (restricted)

    Cited by:

    1. Cole, Rebel & Moshirian, Fari & Wu, Qionbing, 2007. "Bank stock returns and economic growth," MPRA Paper 4714, University Library of Munich, Germany. [Downloadable!]
      Other versions:

  16. Boyd, John H. & Levine, Ross & Smith, Bruce D., 2001. "The impact of inflation on financial sector performance," Journal of Monetary Economics, Elsevier, vol. 47(2), pages 221-248, April. [Downloadable!] (restricted)

    Cited by:

    1. Aktham Maghyereh, 2006. "The long-run relationship between stock returns and inflation in developing countries: further evidence from a nonparametric cointegration test," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 2(4), pages 265-273, July. [Downloadable!] (restricted)
    2. Thorsten Beck & Ross Levine, 2002. "Stock Markets, Banks, and Growth: Panel Evidence," NBER Working Papers 9082, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. John Duffy & Maxim Nikitin, 2004. "Dollarization Traps," Econometric Society 2004 North American Summer Meetings 456, Econometric Society. [Downloadable!]
      Other versions:
    4. Beck, Thorsten, 2006. "Creating an efficient financial system : challenges in a global economy," Policy Research Working Paper Series 3856, The World Bank. [Downloadable!]
    5. Michael D. Bordo & Peter L. Rousseau, 2006. "Legal-Political Factors and the Historical Evolution of the Finance-Growth Link," NBER Working Papers 12035, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    6. Bittencourt, Manoel, 2008. "Inflation and Financial Development: Evidence from Brazil," Working Papers RP2008/14, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
      Other versions:
    7. Stefan Krasa & Tridib Sharma & Anne Villamil, 2008. "Bankruptcy and firm finance," Economic Theory, Springer, vol. 36(2), pages 239-266, August. [Downloadable!] (restricted)
    8. Alicia García Herrero & Sonsoles Gallego Herrero & Jesús Saurina Salas, 2003. "The Asian and European Banking Systems: The case of Spain in the quest for development and stability," Finance 0304007, EconWPA. [Downloadable!]
    9. Laeven, Luc & Levine, Ross, 2005. "Is There a Diversification Discount in Financial Conglomerates?," CEPR Discussion Papers 5121, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    10. H. Brouwer & R. de Haas & B. Kiviet, 2002. "Banking sector development and financial stability in the run up to EU accession," MEB Series (discontinued) 2002-6, Netherlands Central Bank, Monetary and Economic Policy Department. [Downloadable!]
    11. Thorsten Beck & Asli Demirguc-Kunt & Ross Levine, 2005. "Bank Supervision and Corruption in Lending," NBER Working Papers 11498, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    12. Ross Levine & Sergio L. Schmukler, 2003. "Migration, Spillovers,and Trade Diversion: The Impact of Internationalization on Stock Market Liquidity," NBER Working Papers 9614, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    13. Charles Amo Yartey & Mihasonirina Andrianaivo, 2009. "Understanding the Growth of African Financial Markets," IMF Working Papers 09/182, International Monetary Fund. [Downloadable!]
    14. Max Gillman & Mark N. Harris, 2004. "Inflation, Financial Development and Endogenous Growth," Monash Econometrics and Business Statistics Working Papers 24/04, Monash University, Department of Econometrics and Business Statistics. [Downloadable!]
    15. Huang, Yongfu & Temple, Jonathan, 2005. "Does External Trade Promote Financial Development?," CEPR Discussion Papers 5150, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    16. Beck, Thorsten & Rahman, Md. Habibur, 2006. "Creating a more efficient financial system : challenges for Bangladesh," Policy Research Working Paper Series 3938, The World Bank. [Downloadable!]
    17. David Hauner, 2006. "Fiscal Policy and Financial Development," IMF Working Papers 06/26, International Monetary Fund. [Downloadable!]
    18. Kemal, A.R. & Qayyum, Abdul & Hanif , Muhammad N., 2004. "Financial Development and Economic Growth: Evidence from a Heterogeneous Panel of High Income Countries," MPRA Paper 10198, University Library of Munich, Germany. [Downloadable!]
    19. Weill, Laurent, 2009. "Does corruption hamper bank lending? Macro and micro evidence," BOFIT Discussion Papers 3/2009, Bank of Finland, Institute for Economies in Transition. [Downloadable!]
      Other versions:
    20. Thierry Tressel & Enrica Detragiache & Poonam Gupta, 2005. "Finance in Lower Income Countries: An Empirical Exploration," IMF Working Papers 05/167, International Monetary Fund. [Downloadable!]
    21. Henk Brouwer & Ralph de Haas & Bas Kiviet, 2002. "Banking sector development and financial stability in the run up to EU accession," Macroeconomics 0209003, EconWPA. [Downloadable!]
    22. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2003. "Bank supervision and corporate finance," Policy Research Working Paper Series 3042, The World Bank. [Downloadable!]
      Other versions:
    23. Stefan Krause & Felix Rioja, 2006. "Financial Development and Monetary Policy Efficiency," Emory Economics 0613, Department of Economics, Emory University (Atlanta). [Downloadable!]
    24. Fotios Pasiouras, 2008. "International evidence on the impact of regulations and supervision on banks’ technical efficiency: an application of two-stage data envelopment analysis," Review of Quantitative Finance and Accounting, Springer, vol. 30(2), pages 187-223, February. [Downloadable!] (restricted)
    25. Andreas Billmeier & Isabella Massa, 2007. "What Drives Stock Market Development in the Middle East and Central Asia--Institutions, Remittances, or Natural Resources?," IMF Working Papers 07/157, International Monetary Fund. [Downloadable!]
    26. Aleksander Berentsen & Mariana Rojas Breu & Shouyong Shi, 2009. "Liquidity, innovation and growth," IEW - Working Papers iewwp441, Institute for Empirical Research in Economics - IEW. [Downloadable!]
      Other versions:
    27. Beck, Thorsten & Webb, Ian, 2002. "Determinants of life insurance consumption across countries," Policy Research Working Paper Series 2792, The World Bank. [Downloadable!]
    28. Aggarwal, Reena & Demirguc-Kunt, Asli & Martinez Peria, Maria Soledad, 2006. "Do workers'remittances promote financial development ?," Policy Research Working Paper Series 3957, The World Bank. [Downloadable!]
    29. Michael Graff, 2005. "Is There an Optimum Level of Financial Activity?," KOF Working papers 05-106, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
    30. Ross Levine & María Carkovic, 2002. "Finance and Growth: New Evidence and Policy Analyses for Chile," Working Papers Central Bank of Chile 157, Central Bank of Chile. [Downloadable!]
    31. Masao Ogaki & Vikas Kakkar, 2002. "The Distortionary Effects of Inflation: An Empirical Investigation," Working Papers 02-01, Ohio State University, Department of Economics. [Downloadable!]
    32. Giuseppina Testa, 2005. "Economic Growth and Finance. A cointegration analysis in US and Japan," Quaderni DSEMS 22-2005, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia. [Downloadable!]
    33. R. Vander Vennet & O. De Jonghe & L. Baele, 2004. "Bank risks and the business cycle," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 04/264, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
    34. Thorsten Beck & Ross Levine, 2002. "Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?," NBER Working Papers 8982, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    35. Michael W. Klein & Giovanni Olivei, 1999. "Capital Account Liberalization, Financial Depth and Economic Growth," NBER Working Papers 7384, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    36. Hernandez-Verme, Paula, 2002. "Inflation, Growth and Exchange Rate Regimes in Small Open Economies," MPRA Paper 16699, University Library of Munich, Germany, revised Aug 2009. [Downloadable!]
    37. Demirguc-Kunt, Asli, 2006. "Finance and economic development : policy choices for developing countries," Policy Research Working Paper Series 3955, The World Bank. [Downloadable!]
    38. Kangni Kpodar & Dhaneshwar Ghura & Raju Singh, 2009. "Financial Deepening in the CFA Franc Zone:The Role of Institutions," IMF Working Papers 09/113, International Monetary Fund. [Downloadable!]
    39. Beck, Thorsten, 2000. "Impediments to the development and efficiency of financial intermediation in Brazil," Policy Research Working Paper Series 2382, The World Bank. [Downloadable!]
    40. Asli Demirguc-Kunt & Luc Laeven & Ross Levine, 2003. "Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation," NBER Working Papers 9890, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    41. Peter L. Rousseau & Hakan Yilmazkuday, 2009. "Inflation, Finance, and Growth: A Trilateral Analysis," Working Papers 0916, Department of Economics, Vanderbilt University. [Downloadable!]
    42. Ullrich, Katrin, 2003. "Unabhängigkeit und Verantwortlichkeit der Europäischen Zentralbank," ZEW Discussion Papers 03-65, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
    43. Beck, Thorstein & Lundberg, Mattias & Majnoni, Giovanni, 2001. "Financial intermediary development and growth volatility : do intermediaries dampen or magnify shocks?," Policy Research Working Paper Series 2707, The World Bank. [Downloadable!]
      Other versions:
    44. Alessandro Prati & Thierry Tressel, 2006. "What is the Most Effective Monetary Policy for Aid-Receiving Countries?," Working Papers 12, United Nations, Department of Economics and Social Affairs. [Downloadable!]
    45. De Nicolo, Gianni & Honohan, Patrick & Ize, Alain, 2003. "Dollarization of the banking system : good or bad?," Policy Research Working Paper Series 3116, The World Bank. [Downloadable!]
      Other versions:
    46. Gillman, Max & Harris, Mark N., 2008. "The Effect of Inflation on Growth: Evidence from a Panel of Transition Countries," Cardiff Economics Working Papers E2008/25, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
      Other versions:
    47. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2004. "Law and firms'access to finance," Policy Research Working Paper Series 3194, The World Bank. [Downloadable!]
      Other versions:
    48. de la Torre, Augusto & Gozzi, Juan Carlos & Schmukler, Sergio L., 2007. "Capital market development : whither Latin America ?," Policy Research Working Paper Series 4156, The World Bank. [Downloadable!]
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    49. S. Claeys & R. Vander Vennet, 2003. "Determinants of bank interest margins in Central and Eastern Europe. Convergence to the West?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/203, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
    50. Demirguc-Kunt, Asli & Levine, Ross, 1999. "Bank-based and market-based financial systems - cross-country comparisons," Policy Research Working Paper Series 2143, The World Bank. [Downloadable!]
    51. Ross Levine, 2003. "More on finance and growth: more finance, more growth?," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 31-46. [Downloadable!]
    52. Beck, Thorsten & Levine, Ross, 2001. "Stock markets, banks, and growth : correlation or causality?," Policy Research Working Paper Series 2670, The World Bank. [Downloadable!]
    53. Lucía Cuadro Sáez & Sonsoles Gallego Herrero & Alicia García Herrero, 2003. "Why Do Countries Develop More Financially Than Others? The Role Of The Central Bank And Banking Supervision," Finance 0304006, EconWPA. [Downloadable!]
    54. Beck, Thorsten & Levine, Ross, 2000. "New firm formation and industry growth - does having a market- or bank-based system matter?," Policy Research Working Paper Series 2383, The World Bank. [Downloadable!]
    55. Thierry Tressel & Enrica Detragiache, 2008. "Do Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset," IMF Working Papers 08/265, International Monetary Fund. [Downloadable!]
    56. Alicia García-Herrero & Sergio Gavilá & Daniel Santabárbara, 2009. "What explains the low profitability of Chinese banks?," Banco de España Working Papers 0910, Banco de España. [Downloadable!]
      Other versions:
    57. de la Torre, Augusto & Gozzi, Juan Carlos & Schmukler, Sergio L., 2007. "Stock market development under globalization : whither the gains from reforms ?," Policy Research Working Paper Series 4184, The World Bank. [Downloadable!]
      Other versions:
    58. Impavido, Gregorio & Musalem, Alberto R. & Tressel, Thierry, 2003. "The impact of contractual savings institutions on securities markets," Policy Research Working Paper Series 2948, The World Bank. [Downloadable!]
    59. Ayyagari, Meghana & Beck, Thorsten & Demirguc-Kunt, Asl, 2003. "Small and medium enterprises across the globe : a new database," Policy Research Working Paper Series 3127, The World Bank. [Downloadable!]
    60. Beck, Thorsten & Levine, Ross & Loayza, Norman, 1999. "Finance and the sources of growth," Policy Research Working Paper Series 2057, The World Bank. [Downloadable!]
      Other versions:
    61. Kai Li, 2004. "The Growth of Global Equity Markets: A Closer Look," Econometric Society 2004 North American Winter Meetings 54, Econometric Society. [Downloadable!]
    62. Gerald Stuber, 2001. "Implications of Uncertainty about Long-Run Inflation and the Price Level," Working Papers 01-16, Bank of Canada. [Downloadable!]
    63. Hiro Ito & Menzie Chinn, 2007. "East Asia and Global Imbalances: Saving, Investment, and Financial Development," NBER Working Papers 13364, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    64. Riccardo De Bonis & Massimiliano Stacchini, 2009. "What determines the size of bank loans in industrialized countries? The role of government debt," Temi di discussione (Economic working papers) 707, Bank of Italy, Economic Research Department. [Downloadable!]

  17. Azariadis, Costas & Bullard, James & Smith, Bruce D., 2001. "Private and Public Circulating Liabilities," Journal of Economic Theory, Elsevier, vol. 99(1-2), pages 59-116, July. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  18. Valerie R. Bencivenga & Elisabeth Huybens & Bruce Smith, 2001. "Dollarization and the integration of international capital markets; a contribution to the theory of optimal currency areas," Proceedings, Federal Reserve Bank of Cleveland, pages 548-596.
    Published as:

    Cited by:

    1. Russell Cooper & Hubert Kempf, 2000. "Designing stabilization policy in a monetary union," Working Paper 0001, Federal Reserve Bank of Cleveland. [Downloadable!]
      Other versions:
    2. Gaetano Antinolfi & Todd Keister, 2001. "Dollarization as a monetary arrangement for emerging market economies," Review, Federal Reserve Bank of St. Louis, issue Nov., pages 29-40. [Downloadable!]

  19. Christopher Sleet & Bruce D. Smith, 2000. "Deposit insurance and lender-of-last-resort functions," Proceedings, Federal Reserve Bank of Cleveland, pages 518-579.
    Published as:

    Cited by:

    1. Antoine Martin, 2001. "Liquidity provision vs. deposit insurance : preventing bank panics without moral hazard?," Research Working Paper RWP 01-05, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    2. Antoine Martin, 2008. "Reconciling Bagehot with the Fed's response to September 11," Staff Reports 217, Federal Reserve Bank of New York. [Downloadable!]
    3. Claeys, Sophie & Schoors, Koen, 2007. "Bank supervision Russian style: Evidence of conflicts between micro- and macroprudential concerns," Working Paper Series 205, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
      Other versions:
    4. Ralf Bebenroth & Diemo Dietrich & Uwe Vollmer, 2009. "Bank regulation and supervision in bank-dominated financial systems: a comparison between Japan and Germany," European Journal of Law and Economics, Springer, vol. 27(2), pages 177-209, April. [Downloadable!] (restricted)
    5. Gianni De Nicolo, 2001. "Size, charter value, and risk in banking: an international perspective," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 197-215.
    6. Narayana R Kocherlakota & Ilhyock Shim, 2005. "Forbearance and Prompt Corrective Action," Levine's Bibliography 784828000000000512, UCLA Department of Economics. [Downloadable!]
      Other versions:
    7. Gianni De Nicolo, 2000. "Size, charter value and risk in banking: an international perspective," International Finance Discussion Papers 689, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    8. Sophie Claeys, & Gleb Lanine & Koen Schoors, 2005. "Bank Supervision Russian style: Rules versus Enforcement and Tacit Objectives," William Davidson Institute Working Papers Series wp778, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    9. Klüh, Ulrich, 2005. "Safety Net Design and Systemic Risk: New Empirical Evidence," Discussion Papers in Economics 662, University of Munich, Department of Economics. [Downloadable!]
    10. Antoine Martin, 2002. "Reconciling Bagehot with the Fed's response to Sept. 11," Research Working Paper RWP 02-10, Federal Reserve Bank