Public debt and financial development: A theoretical exploration

In countries where the government is the major recipient of bank lending, public debt is likely to harm financial development. Moreover, the lower the financial depth, the greater the adverse effects of public borrowing on financial development and macroeconomic outcomes. ► We examine the role of pu...

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Bibliographic Details
Published inEconomics letters Vol. 115; no. 3; pp. 348 - 351
Main Authors Ismihan, Mustafa, Ozkan, F. Gulcin
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.06.2012
Elsevier Science Ltd
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