23 Differences in the quality of financial intermediation across countries have been found to have significant implications for economic growth.24 In particular, research is increasingly challenging the view that bank and market-based finance tend to support economic development and living standards in similar ways.
Kazi Abdul Muktadir: Engaging the SMEs to stabilize economy Keynote address by Mr Kazi Abdul Muktadir, Deputy Governor of the State Bank of Pakistan, at the 6th SME Banking Conference, Karachi, 5 September 2012.