NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Does Finance Cause Growth? Evidence from the Origins of Banking in Russia

Daniel Berkowitz, Mark Hoekstra, Koen Schoors

NBER Working Paper No. 18139
Issued in June 2012

---- Acknowledgements -----

We would like to thank Daron Acemoglu, Lee Alston, Dave DeJong, Dave Denis, Sergei Guriev, Joel Hellman, Juliet Johnson, E. Han Kim, Pete Leeson, Nathan Nunn, Tom Remington, Olga Tkacheva, Katya Zhuravskaya, and seminar participants at the EPRU-AUEB Symposium at the University of Leicester, the Higher School of Economics, the Journal of Comparative Economics Conference at the University of Pittsburgh, the Tor Vergata Conference on Money, Banking and Finance in Rome, Baylor University, University of Ghent, University of Missouri, University of Texas-Austin, Georgetown Public Policy Institute, and the Workshop on Legal Order, the State and Economic Development in Florence for helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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