How Banks Affect Investment and Growth: New Evidence
Banks fulfil several key functions in the economy. They improve the allocation of scarce capital by extending credit to where it is most productive, as well as allowing households to…
Voting Rights and Financial Systems: Evidence from Two Centuries of Suffrage Reforms
Extending voting rights to broader segments of the population considerably affects the way countries finance their economies. This is the key finding of our new research recently published in the…