Finance is considered as "the lifeblood of an economy" and imperative to a country's growth stability. However, this perception has been called into two propositions, "More finance more "and "Does too much harm economic growth”? Existing literature only single indicator i.e. total financing, assuming all financing the same effect on growth. Furthermore, these studies also overlooked nonlinear d...

commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for financing working capital and meeting short-term liabilities. it is one of the most important financial instruments that constitute a significant portion of issued debt securities in financial markets. nevertheless, commercial paper, like many other conventional financial instruments, has been st...