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Financial Integration and Entrepreneurial Activity: Evidence from Foreign Bank Entry in Emerging Markets
An extensive empirical literature has documented the positive growth effects of equity market liberalization. However, this line of research ignores the impact of financial integration on a category of firms crucial for economic development, i.e. the small entrepreneurial firms. This paper aims to fill this void.
Link
http://www.cepr.org/pubs/dps/DP5151.asp