Beck, Thorsten; Poelhekke, Steven - 2017 - This version: 18 February 2017
makers alike. We explore the role of the financial sector in intermediating these windfalls. Controlling for the level of … financial development, inflation, GDP growth and country fixed-effects, we find a relative decline in financial sector deposits … the financial sector in intermediating resource booms is accompanied by a stronger role of governments in channeling …