From institutions to financial development and growth : what are the links?

Andrés Fernández; César E. Tamayo

This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional arrangements in ameliorating/worsening the information frictions and transaction costs that characterize the development of financial markets. The paper then investigates the theoretical mechanisms by which these specific frictions affect economic growth and presents the stock of empirical evidence quantifying the impact of institutions on growth through financial development.

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Year of publication:	2015
Authors:	Fernández, Andrés ; Tamayo, César E.
Publisher:	Washington, DC : Inter-American Development Bank (IDB)
Subject:	Financial development \| Financial frictions \| Property rights \| Contract enforcement \| Transaction costs \| Institutions \| Economic growth \| Wirtschaftswachstum \| Institutionenökonomik \| Institutional economics \| Institutionelle Infrastruktur \| Institutional infrastructure \| Finanzsektor \| Financial sector \| Transaktionskosten \| Entwicklungsländer \| Developing countries \| Entwicklung \| Economic development \| Sachenrecht \| Law of property \| Theorie \| Theory \| Finanzmarkt \| Financial market \| Welt \| World \| Finanzintermediation \| Financial intermediation

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Extent:	Online-Ressource (65 S.)
Series:	Working papers / Inter-American Development Bank, Department of Research and Chief Economist. - Washington, DC : IDB, ZDB-ID 2576368-4. - Vol. 565
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/115513 [Handle]
Classification:	G14 - Information and Market Efficiency; Event Studies ; G28 - Government Policy and Regulation ; G38 - Government Policy and Regulation ; O16 - Financial Markets; Saving and Capital Investment ; O43 - Institutions and Growth
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011290078