Legal institutions and financial development

"Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing res...

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Bibliographic Details
Main Author: Beck, Thorsten
Corporate Author: National Bureau of Economic Research
Other Authors: Levine, Ross
Format: eBook
Language:English
Published: Cambridge, MA National Bureau of Economic Research 2004
Series:NBER working paper series
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
Description
Summary:"Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing research on the role of legal institutions in shaping financial development"--National Bureau of Economic Research web site
Item Description:Includes bibliographical references. - Title from PDF file as viewed on 1/13/2005