References
- Agénor, P.-R., & Pereira da Silva, L. A. (2021). Capital requirements, risk-taking and welfare in a growing economy. Journal of Regulatory Economics, 60, 167-192. https://doi.org/10.1007/s11149-021-09438-z
- Aghion, P., George-Marios, A., Abhijit, B., & Manova, K. (2005). Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment. NBER Working Paper No. 11349. https://doi.org/10.3386/w11349
- Arcand, J. L., Berkes, E., & Panizza, U. (2015). Too much finance? Journal of Economic Growth, 20(2), 105-148. https://www.jstor.org/stable/44113443
- Arestis, P., Demetriades, P. O., & Luintel, K. B. (2001). Financial Development and Economic Growth: The Role of Stock Markets. Journal of Money, Credit and Banking, 33(1), 16-41. https://doi.org/10.2307/2673870
- Arestis, P., Luintel, A. D., & Luintel, K. B. (2005). Financial structure and economic growth. CEPP Working paper No. 06/05. https://www.landecon.cam.ac.uk/system/files/documents/wp06-05.pdf
- Bašić, D. & Ćurić, P. (2021). Credit policy of banks in the function of developing the economy of Republic of Srpska. Acta Economica, 19(34), 225–238. https://doi.org/10.7251/ACE2134225B
- Beck, T., Levine, R., & Loayza, N. (2000). Finance and the sources of growth. Journal of Financial Economics, 58(1-2), 261-300. https://doi.org/10.1016/S0304-405X(00)00072-6
- Bencivenga, V. R., & Smith, B. D. (1991). Financial Intermediation and Endogenous Growth. The Review of Economic Studies, 58(2), 195-209. https://doi.org/10.2307/2297964
- Berger, A. N., & Sedunov, J. (2016). Bank liquidity creation and real economic output. Journal of Banking & Finance, 81, 1-19. https://doi.org/10.1016/j.jbankfin.2017.04.005
- Bernanke, B. S., & Blinder, A. S. (1998). Credit, Money, and Aggregate Demand. American Economic Review, 78(2), 435-439. https://www.jstor.org/stable/1818164
- Bezemer, D. J. (2012). Finance and Growth: When Credit Helps, and When it Hinders. Paper presented at the “Paradigm Lost” INET conference in Berlin, April 12–15.
- Blum, J. (1999). Do capital adequacy requirements reduce risks in banking? Journal of Banking and Finance, 23(5), 755-771. https://doi.org/10.1016/S0378-4266(98)00113-7
- Bošnjak, A., Hassan, A. & James K. (2017). Analysis of the Banking Sector Performance in Bosnia and Herzegovina, Montenegro and Serbia Before and After the Global Financial Crisis. Economics, Sciendo, 5(2), 83-101. https://doi.org/10.1515/eoik-2017-0029
- Bottero, M., Lenzu, S., & Mezzanotti, F. (2020). Sovereign debt exposure and the bank lending channel: Impact on credit supply and the real economy. Journal of International Economics, 126. https://doi.org/10.1016/j.jinteco.2020.103328
- Bridges, J., Gregory, D., Nielsen, M., Pezzini, S., Radia, A., & Spaltro, M. (2014). The impact of capital requirements on bank lending. Bank of England Working Paper No. 486.
- Buffie, E. F. (1984). Financial repression, the new structuralists, and stabilization policy in semi- industrialized economies. Journal of Development Economics, 14(4), 305-322. https://doi.org/10.1016/0304-3878(84)90061-0
- Central Bank of Bosnia and Herzegovina (2022). Comment on Trends in the Sector of Non-banking Financial Institutions.
- Central Bank of Bosnia and Herzegovina, Sarajevo. https://www.cbbh.ba/Content/Read/8.
- Cecchetti, S., & Kharroubi, E. (2012). Reassessing the impact of finance on growth. BIS Working Papers, No 381. https://www.bis.org/publ/work381.pdf
- Craig, B. R., & Koepke, M. (2012). Bank Capitalization. Retrieved July 28, 2022, from Federal Reserve Bank of Cleveland: https://www.clevelandfed.org/newsroom-and-events/publications/economic-trends/2012-economic-trends/et-20120501-bank-capitalization.aspx
- Deidda, L., & Fattouh, B. (2002). Non-linearity between finance and growth. Economics Letters, 74(3), 339-345. https://doi.org/10.1016/S0165-1765(01)00571-7
- Diamond, D. W. (1984). Financial Intermediation and Delegated Monitoring. The Review of Economic Studies, 51(3), 393-414. https://doi.org/10.2307/2297430
- Diamond, D. W., & Dybvig, P. H. (1983). Bank Runs, Deposit Insurance, and Liquidity. Journal of Political Economy, 91(3), 401-419. https://www.jstor.org/stable/1837095
- Diamond, D., & Rajan, R. (2002). A theory of bank capital. Journal of Finance, 55, 2431-2465. https://doi.org/10.1111/0022-1082.00296
- Ductor, L., & Grechyna, D. (2015). Financial development, real sector, and economic growth. International Review of Economics & Finance, 37, 393-405. https://doi.org/10.1016/j.iref.2015.01.001
- Eickmeier, S., Kolb, B., & Prieto, E. (2018). The Macroeconomic Effects of Bank Capital Requirement Tightenings: Evidence from a Narrative Approach. CAMA Working Paper No. 42/2018. https://dx.doi.org/10.2139/ssrn.3250499
- Estrada, G. E., Erce, A., Park, D., & Rojas, J. (2018). Skewed Credit and Growth Dynamics after the Global Financial Crisis. ADB economics working paper SERIES NO. 562. http://dx.doi.org/10.22617/WPS189595-2
- Fraisse, H., Lé, M., & Thesmar, D. (2017). The real effects of bank capital requirements. ESRB Working Paper Series No 47.
- Fratzscher, M., König, P. J., & Lambert, C. (2016). Credit provision and banking stability after the great financial crisis: The role of bank regulation and the quality of governance. Journal of International Money and Finance, 66, 113-135. https://doi.org/10.1016/j.jimonfin.2016.02.015
- Garcia-Escribando, M., & Han, F. (2015). Credit Expansion in Emerging Markets: Propeller of Growth? IMF Working Paper No. 2015/212. https://www.imf.org/external/pubs/ft/wp/2015/wp15212.pdf
- Gaytan, A., & Rancière, R. (2003). Banks, liquidity crises and economic growth. Economics Working Papers 853. https://econ-papers.upf.edu/papers/853.pdf
- Goldsmith, R. W. (1969). Financial Structure and Development. New Haven Conn: Yale University Press.
- Gorton, G., & Winton, A. (2017). Liquidity provision, bank capital, and the macroeconomy. Journal of Money, Credit and Banking, 49, 5-27. https://doi.org/10.1111/jmcb.12367
- Grbić, M., & Luković, S. (2020). The Relationship Between Banks’ Credit Activity and Economic Growth: An Empirical Research for the Republic of Serbia. 48(2), 37-53. https://doi.org/10.5937/industrija48-27225
- Grbić, M. & Jovanović, D. (2020). Comparative financial systems: Implications for economic growth. Oditor - casopis za Menadzment, finansije i pravo, 6, 49-65. https://scindeks.ceon.rs/Article.aspx?artid=2217-401X2001049G
- Greenwood, J., & Jovanović, B. (1990). Financial Development, Growth, and the Distribution of Income. Journal of Political Economy, 98(5), 1076-1107. https://www.jstor.org/stable/2937625
- Guru, B. K., & Yadav, I. S. (2019). Financial development and economic growth: panel evidence from BRICS. Journal of Economics, Finance and Administrative Science, 24(47), 113-126. https://doi.org/10.1108/JEFAS-12-2017-0125
- Hakenes, H., & Schnabel, I. (2011). Capital regulation, bank competition, and financial stability. Economics Letters, 113(3), 256-258. https://doi.org/10.1016/j.econlet.2011.07.008
- Ho, S.-H., & Saadaoui, J. (2022). Bank credit and economic growth: A dynamic threshold panel model for ASEAN countries. International Economics, 170, 115-128. https://doi.org/10.1016/j.inteco.2022.03.001
- Hoshi, T., Kashyap, A., & Scharfstein, D. (1991). Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups. The Quarterly Journal of Economics, 106(1), 33-60. https://doi.org/10.2307/2937905
- Huang, H.-C., & Lin, S.-C. (2009). Non-linear finance–growth nexus. The Economics of Transition, 17(3), 439-466. https://doi.org/10.1111/j.1468-0351.2009.00360.x
- Jayaratne, J., & Strahan, P. E. (1996). The Finance-Growth Nexus: Evidence from Bank Branch Deregulation. The Quarterly Journal of Economics, 111(3), 639-670. https://doi.org/10.2307/2946668
- King, R. G., & Levine, R. (1993). Finance and Growth: Schumpeter Might be Right. The Quarterly Journal of Economics, 108(3), 717-737. https://doi.org/10.2307/2118406
- Kopecky, K. J., & VanHoose, D. (2006). Capital regulation, heterogeneous monitoring costs, and aggregate loan quality. Journal of Banking and Finance, 30(8), 2235-2255. https://doi.org/10.1016/j.jbankfin.2005.07.018
- Law, S. H., & Singh, N. (2014). Does too much finance harm economic growth? Journal of Banking & Finance, 41, 36-44. https://doi.org/10.1016/j.jbankfin.2013.12.020
- Levine, R. (1997). Financial Development and Economic Growth: Views and Agenda. Journal of Economic Literature, 35(4), 688-726. https://www.jstor.org/stable/2729790
- Levine, R., & Zervos, S. (1996). Stock Market Development and Long-Run Growth. The World Bank Economic Review, 10(2), 323-339. https://www.jstor.org/stable/3990065
- Levine, R., Loayza, N., & Beck, T. (2000). Financial intermediation and growth: Causality and causes. Journal of Monetary Economics, 46(1), 31-77. https://doi.org/10.1016/S0304-3932(00)00017-9
- Lindholm, R. W. (1964). Consumer Credit and Economic Growth. Challenge, 13(2), 20-22. https://doi.org/10.1080/05775132.1964.11469764
- Lucas, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. https://doi.org/10.1016/0304-3932(88)90168-7
- Majcher, P. (2015). Increased Bank Capital Requirements: Neither Panacea nor Poison. Procedia Economics and Finance, 25, 249 – 255. https://doi.org/10.1016/S2212-5671(15)00735-2
- Malarvizhi, C. A., Zeynali, Y., Al Mamun, A., & Bin Ahmad, G. (2019). Financial Development and Economic Growth in ASEAN-5 Countries. Global Business Review, 20(1), 57-71. https://doi.org/10.1177/0972150918802684
- Mastilo, Z., Božović, N. & Mastilo, D. (2021). Central Bank in the Function of Development of National Economy of Bosnia and Herzegovina. International Letters of Social and Humanistic Sciences, 90, 26-36. https://doi.org/10.18052/www.scipress.com/ILSHS.90.26
- Matei, I. (2020). Is financial development good for economic growth? Empirical insights from emerging European countries. Quantitative Finance and Economics, 4(4), 653-678. https://doi.org/10.3934/QFE.2020030
- Md, Q., & Wei, J. (2018). Investigation of the asymmetric relationship between financial innovation, banking sector development, and economic growth. Quantit Financ Econ, 2(4), 952-980. https://doi.org/10.3934/QFE.2018.4.952
- Neusser, K., & Kugler, M. (1998). Manufacturing Growth And Financial Development: Evidence From OECD Countries. The Review of Economics and Statistics, 80(4), 638-646. https://doi.org/10.1162/003465398557726
- Rajan, R., & Zingales, L. (1998). Which Capitalism? Lessons from the East Asian Crisis. Economics Journal of Applied Corporate Finance, 1-18. http://dx.doi.org/10.2139/ssrn.137550
- Robinson, J. (1952). The Generalisation of the General Theory and other Essays. London: Palgrave Macmillan.
- Rousseau, P. L., & Wachtel, P. (2002). Inflation thresholds and the finance–growth nexus. Journal of International Money and Finance, 21 (6), 777-793. https://doi.org/10.1016/S0261-5606(02)00022-0
- Saci, K., Giorgioni, G., & Holden, K. (2009). Does financial development affect growth? Applied Economics, 41(13), 1701-1707. https://doi.org/10.1080/00036840701335538
- Samargandi, N., Fidrmuc, J., & Ghosh, S. (2015). Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries. World Development, 68, 66-81. https://doi.org/10.1016/j.worlddev.2014.11.010
- Shan, J. (2005). Does financial development ‘lead’ economic growth? A vector auto-regression appraisal. Applied Economics, 37(12), 1353-1367. https://doi.org/10.1080/00036840500118762
- Stiglitz, J. E., & Weiss, A. (1983). Incentive Effects of Terminations: Applications to the Credit and Labor Markets. The American Economic Review, 73(5), 912-927. https://www.jstor.org/stable/1814662
- Veysov, A., & Stolbov, M. (2012). Financial System Classification: From Conventional Dichotomy to a More Modern View. MPRA Paper No. 40613 https://mpra.ub.uni-muenchen.de/40613/1/MPRA_paper_40613.pdf
- Weinstein, D. E., & Yafeh, Y. (1998). On the Costs of a Bank-Centered Financial System: Evidence from the Changing Bank Relations in Japan. The Journal of Finance, 53(2), 635-672. https://www.jstor.org/stable/117364
- Wijnberg, S. V. (1983). Interest rate management in LDCs. Journal of Monetary Economics, 12(3), 433-452. https://doi.org/10.1016/0304-3932(83)90063-6