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The experience of inter-mediation in the UK does not encourage the thought that long term finance can easily be located. Do we need a Development Bank?
We will carefully outline the categories of savings held by households and link that to the operation of financial intermediaries in providing loanable funds.
Productivity growth in the UK economy has lagged behind that of our major trading partners. We will examine a number of possible explanations ranging from the role of finance to the employment of physical and human capital.
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