Galetovic A. (1996).

Finance and Growth: A Synthesis and Interpretation of the Evidence. Banca Nazionale del Lavoro Quarterly Review, Vol. 49, March 1996, pp. 59-82. (Pubblicato anche in Moneta e Credito, Volume 49 (194)).




There has been a resurgence in the interest of examining the correlation between financial intermediaries and services and long-run growth. An analysis is done to review and interpret empirical proof gathered concerning this issue. The study is premised on the fact that this issue is centred on the belief that incentive frictions in credit markets significantly affect real allocations.