The Importance of Financial Intermediation in Sustaining Economic Growth and Development: the Banking Sector Review
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Long-term and Short-term Effects of Financial Intermediation on Economic Growth
Financial intermediation in Iran's banking system is negatively affected at least in two ways. First, there are many similarities between financial intermediation and usurious activities in the common interpretation of interest-free banking law. This encourages the banks to participate in various commercial activities. Second, the price setting policies of the central bank makes investment more...
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